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!
Closed
$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
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#: 820667

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