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  • $32,000

    1541 Massachusetts St, Gary, IN 46407

    12beds
    --sqft
    Apartment
    Built in 1917
    -- sqft lot
    $32,100 Zestimate®
    $--/sqft
    $1,222 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: June 20, 2025 at 01:53pm

    Listed by:

    Chanelle McGee,

    @properties/Christie's Intl RE 219-440-0070

    Bought with:

    Ashley Tarver

    @properties/Christie's Intl RE

    Source: NIRA,MLS#: 820667MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • None
    Appliances
    • Included: None
    Features
    • None
    • Has fireplace: No
    Interior area
    • Finished area above ground: 0

    Property

    Features
    • Levels: Other
    • Exterior features: None
    Lot
    • Size: 3,136 sqft
    • Features: Back Yard, Corner Lot
    Details
    • Parcel number: 450810302007000004

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Condition
    • Fixer
    • New construction: No
    • Year built: 1917

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Available, Water Available, Natural Gas Available

    Community & neighborhood

    Location
    • Region: Gary
    • Subdivision: Broadway Add

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Other
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $32,100
    2% more+ $642
    With Zillow Showcase(estimated)
    $32,742