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$57,000
14
beds
8
baths
6,273
square ft

400 E 20th Avenue
Gary, Indiana 46407

Pending / MLS #826470 / Multiple Unit (2-4) / Gary
Listing information updated 10/29/2025 at 8:44pm
BRING YOUR BEST OFFER!! Investor Special - 8-Unit Building with Huge Potential!Attention investors and rehabbers! This 8-unit property offers a rare opportunity to add tremendous value through a full gut rehab. Featuring a main building with a storefront plus multiple residential units, as well as two additional houses in the back, this property has flexible layouts and endless potential.Main Building:First Floor: Front commercial storefront plus 2 large residential units (each 2 bed/1 bath, with potential to convert to 3 bedrooms).Second Floor: Two spacious 2 bed/1 bath units.Basement: Potential to build out 2 additional apartments.Back Houses (2 Units Each):First Floor: 2 bed/1 bath units.Basement: 1 bed/1 bath units.Current tenant occupies one 2 bed/1 bath unit.This property is ideal for an investor looking for strong rental income potential or a savvy buyer ready to house-hack--live in one unit while renovating and renting the rest. Once rehabbed, this building has the potential to generate substantial cash flow and long-term appreciation.
Basement:
Unfinished
Beds Above Grade:
14
Cooling System:
None
Heating System:
Forced Air
Appliances:
None
Pool:
No
Age:
95 Years
Room Count:
14
Water Front:
No
Square Feet:
6,273
Lot Size:
6273 Acres
Acreage:
6273
Tax Amount:
$3,176
Tax Year:
2024
Zip Code:
46407
City:
Gary
County:
Lake
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: @PROPERTIES

Listing Office Phone: 219.440.0070

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/29/2025 at 8:44pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Gary

Gary, IN

The city of Gary is known for its proximity to both Lake Michigan and the Indiana Dunes, giving residents access to an abundance of recreational opportunities and several miles of beaches and nature trails.    Located approximately 30 miles southeast of Chicago, Gary is home to several communitie...
$123,956
Average Sale Price
50
Average Days On The Market
90%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 400 E 20th Avenue, Gary, IN 46407
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400 E 20th Avenue, Gary, IN 46407 is a multiple unit (2-4) which sold for $57,000. 400 E 20th Avenue features 14 Beds, 8 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since August 22nd, 2025 and was built in 1930.

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