1541 Massachusetts Street
Gary, IN 46407
- 12 beds
- – baths
- – sqft
- 3,136 sqft lot
- 1917 build
- – on site
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!
Last checked:
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Last updated May 13, 2025
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MLS# 820667 —
The Building
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Year Built:1917
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New Construction:false
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Levels:Other
Interior
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Interior Features:None
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Fireplace:false
Location
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Directions:Head East 2 blocks off of Broadway to Massachusetts. Go North on Massachusetts to the 1500 block. Property is on the East side of the street
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Latitude:41.587195
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Longitude:-87.335314
The Property
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Parcel Number:450810302007000004
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Property Subtype:Apartment
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Property Condition:Fixer
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Lot Features:Back Yard, Corner Lot
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Lot Size Acres:0.072
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Lot Size Square Feet:3136.32
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Lot Size Source:Assessor
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Exterior Features:None
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 402-0515
- Office phone:
- (219) 440-0070
Taxes
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Tax Year:2024
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Tax Annual Amount:717.38
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Tax Legal Description:BROADWAY ADD. L.12 BL.3
Beds
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Total Bedrooms:12
Baths
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Full Baths:6
Heating & Cooling
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Heating:None
Utilities
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Utilities:Electricity Available, Sewer Available, Water Available, Natural Gas Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:None
The Community
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Subdivision Name:Broadway Add
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Pets Allowed:Yes
Parking
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Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
