Gary, IN 46407,1400 Jefferson Street
Gary, IN 46407,1400 Jefferson Street
Gary, IN 46407,1400 Jefferson Street
70
$6,459,000
$6,999,900
7.7%
Est.Price: ?

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89,550 SqFt

1400 Jefferson Street Gary, IN 46407

Est. payment /mo
SOLD DATE : 11/03/2025

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Key Details

Sold Price $6,459,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 89,550 sqft

Price per Sqft $72

Subdivision Chicago Tolleston Land & Inves

MLS Listing ID 819745

Year Built 1997

Annual Tax Amount $115,288

Tax Year 2023

Lot Size 7.120 Acres

Property Sub-Type Multi Family

Property Description

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!!

Location

State IN

County Lake

Zoning Mixed Use

Interior

Heating Forced Air, Natural Gas, Hot Water

Cooling Central Air, Ceiling Fan(s)

Flooring Laminate, Vinyl, Tile

Exterior

Exterior Feature Lighting, Storage, Private Yard

Parking Features Paved

Utilities Available Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

Roof Type Shingle

Building

Lot Description Back Yard, Near Public Transit, Paved, Landscaped, Front Yard, Few Trees, Corner Lot

Story 3

Structure Type Aluminum Siding,Brick

Schools

School District Gary

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by B. Daniels Real Estate, LLC
Bought with The Lyons Group Real Estate

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Dennis & Karen

Dennis & Karen

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+1(219) 213-3346

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