Gary, IN 46407 1541 Massachusetts Street
$30,000


Presented By: Chanelle McGee with @properties/Christie's Intl RE - (219) 440-0070;
Home Details
Investor Special! Unlock the Potential in This Multi-Unit OpportunityCalling all savvy investors and visionaries! This building offers a rare chance to restore and reimagine a property with incredible income potential. Zoned for multi-family use, it can potentially accommodate up to 6 rental units--making it a high-yield asset once renovated.With the right updates, layout, and vision, this could be transformed into a cash-flowing investment in a market where rental demand continues to grow. Gary is continuing to redevelop with increased property values and restored homes on the rise every month with the help of the Gary Revitalization Program and other local investors. Now is your chance to acquire an investment property in this highly sought after neighborhood before it's too late!Whether you're looking to flip, hold and rent, or develop, this is your chance to bring new life to a building with solid bones and promising returns. Schedule your showing today!
Presented By: Chanelle McGee with @properties/Christie's Intl RE - (219) 440-0070;
Interior Features for 1541 Massachusetts Street
Bedrooms
Total Bedrooms12
Other Interior Features
Above Grade Finished Area0
Fireplace Y/NNo
Interior AmenitiesNone
Other Rooms
General for 1541 Massachusetts Street
AppliancesNone
CityGary
CountyLake
DirectionsHead East 2 blocks off of Broadway to Massachusetts. Go North on Massachusetts to the 1500 block. Property is on the East side of the street
Full Baths6
Garage Y/NNo
HeatingNone
Legal DescriptionBROADWAY ADD. L.12 BL.3
LevelsOther
Listing TermsCash, Other
Lot Size Square Feet3136.32
New ConstructionNo
OwnerPaysSewer, Water, Trash Collection, Taxes
Pets AllowedYes
Property ConditionFixer
Property SubtypeApartment
Property TypeResidential Income
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Subdivision NameBroadway Add
Tax Annual Amount717.38
Tax Year2024
TownshipCalumet
UtilitiesElectricity Available, Sewer Available, Water Available, Natural Gas Available
Year Built1917
Exterior for 1541 Massachusetts Street
Exterior AmenitiesNone
Lot FeaturesBack Yard, Corner Lot
Lot Size Acres0.072
Lot Size SourceAssessor
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History

Tam Huynh
Realtor