About 400 E 20th Avenue
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.
Features of 400 E 20th Avenue
| MLS® # | 826470 |
|---|---|
| Price | $57,000 |
| Bedrooms | 14 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Acres | 6,273.00 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 400 E 20th Avenue |
|---|---|
| Subdivision | Gary Investment Company |
| City | Gary |
| County | Lake |
| State | IN |
| Zip Code | 46407 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | None |
| Heating | Forced Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot |
Additional Information
| Date Listed | August 22nd, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Chanelle Mcgee |
|---|---|
| Office | @properties/Christie's Intl RE |