About 1400 Jefferson Street
MADISON AVENUE TOWNHOMES ARE ONE OF THE MOST DESIRABLE RENTAL PROPERTIES IN THE CITY!! Exquisitely maintained -80 Unit complex, featuring 3Bd 1&1/2 BA , open concept floor plan ,living room/ dinning room and plenty of closet space. 3.2 Million recently spent on renovations, each tenant has individual heating and central -air units!! (tenants are responsible for all utilities). Appliances included are refrigerator,stove, dishwasher and garbage disposal. These adorable townhouses have plenty of onsite parking , exterior security lighting, and gated perimeter. Each unit provides front and back yards, the playground area and park benches accomodate tenants outdoor activities. There are a few ADA units with sprinkler systems. All units have smoke detectors, CO detectors, and fire extinguishers as required. Residents take pride in maintaining a clean and peaceful environment. The location is perfect , minutes from major interstate highways, Miller Beach, a major University, mini shopping plazas and the New Hard Rock Casino. Be part of the redevelopment blooming in the city with ownership of this long term profitable income investment property. Units are in excellent condition, with ONE HUNDRED PERCENT OCCUPANCY and a waiting list. This is one investment opportunity you don't want to miss out on!!
Features of 1400 Jefferson Street
| MLS® # | 819745 |
|---|---|
| Price | $6,999,900 |
| Bathrooms | 0.00 |
| Square Footage | 89,550 |
| Acres | 7.12 |
| Year Built | 1997 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information
| Address | 1400 Jefferson Street |
|---|---|
| Subdivision | Chicago Tolleston Land & Inves |
| City | Gary |
| County | Lake |
| State | IN |
| Zip Code | 46407 |
Amenities
| Utilities | Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected |
|---|---|
| Parking Spaces | 150 |
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Open Floorplan |
|---|---|
| Appliances | Dishwasher, Refrigerator, Stainless Steel Appliance(s), Electric Range, Disposal |
| Heating | Forced Air, Natural Gas, Hot Water |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Lighting, Storage, Private Yard |
|---|---|
| Lot Description | Back Yard, Paved, Near Public Transit, Landscaped, Front Yard, Few Trees, Corner Lot |
School Information
| District | Gary |
|---|
Additional Information
| Date Listed | April 26th, 2025 |
|---|---|
| Zoning | Mixed Use |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Andria Pettigrew-sprouse |
|---|---|
| Office | B. Daniels Real Estate, LLC |