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401 Jefferson Street Gary, IN $ 430,000
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$ 430,000 Get more info
401 Jefferson Street
$ 430,000
Back to search
Share Save

401 Jefferson Street

Gary, IN, 46402
$ 430,000
Baths0.0 Sq 9,216

Monthly Estimate*

$ 2,858

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Studio

Commercial Property for sale in Gary, IN

for $430,000. This 9,216 square foot building was built in 1913 on a lot size of 0.172.

Introducing a remarkable investment opportunity in the heart of Gary! This well-maintained brick building boasts 6 units, with 5 spacious 3-bedroom apartments and 1 2-bedroom. With a history of long-term, reliable tenants, it offers stability and consistent income for discerning investors.Situated conveniently near public transportation, the daily commute to Chicago's bustling business district couldn't be easier. Plus, the proximity to a wide array of shopping and dining options enhances the appeal for both tenants and potential buyers.Don't miss out on this chance to secure a stabilized investment property in a prime location. Act now and seize the opportunity to become a part of Gary's thriving real estate market.

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Commercial Active

Price

$ 430,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Multi Family

Lot Size

0.172

Year Built

1913

Town/City

Gary

County/Region

Lake

MLS | Web ID

538508
Features
General
Interior Features Elevator
Heating Forced Air Natural Gas
Utilities Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Sewer Connected
Security Features Security Lights
Year Built 1913
Electric 200+ Amp Service
Township Calumet
Property SubType Multi Family
Gross Income 0
County Lake
Net Operating Income 66061
Insurance Expense 0
Property Type Commercial Sale
Subdivision Name Gary Land Companys 01
Building Features Enclosed Stair(s) Exterior Lighting Inside Corridor(s) Plastered Ceiling(s)
Close Price 0
Status Active
Directions 4th ave West to property on the north side of the street.
City Gary
Lot Size Square Feet 7492
Street Name Jefferson
Electric Expense 3312
Current Financing Contract Conventional
Trash Expense 0
Standard Status Active
Total Actual Rent 73788
Taxes 2663
Legal Description Legal Description: GARY LAND CO'S. 1ST SUB. ALL L.26 BL.103 AND L.27 BL.103
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Exterior
Lot Features Corner Lot
Water Source Public
Lot Dimensions 60x125
Lot Size Acres 0.172
Frontage Length 60
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Interior
Street Suffix Street
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* Excluded Features
List By
Armond Boulware

Listing Agent

Coldwell Banker Realty

Broker

armond.boulware@cbexchange.com

Email

Affordability Calculator

$2,858
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,858
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/6/2023$430,000 -4.44% Price Down
9/13/2023$450,000 Listed Price

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401 Jefferson Street, Gary, IN, 46402 is a Commercial Property for sale at $430,000 with 9,216 sqft and a lot size of 0.172. 401 Jefferson Street is a studio with 0.0 baths and was built in 1913. The property's zip code is 46402 which is in Gary, IN

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