Commercial Sale

89,550 Sqft - 1400 Jefferson Street, Gary, Indiana

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Property Description

MADISON AVENUE TOWNHOMES ARE ONE OF THE MOST DESIRABLE RENTAL PROPERTIES IN THE CITY!! Exquisitely maintained-60 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 refridgerator,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 of course 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 investment property. Units are in excellent condition, with hundred percent occupancy and a waiting list!! This is one you don’t want to miss out on!!!

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA819745
Price : $6,999,900
Square Footage : 89,550 Sqft
Year Built : 1997
Lot Area : 310,147 Acre
Status : Active
Acres : 7.12
Address Map
Country : US
State : IN
County : Lake
City : Gary
Street : Jefferson
Street Number : 1400
Street Suffix : Street
Postal Code : 46407
Floor Number : 0
Longitude : W88° 39' 33.5''
Latitude : N41° 35' 19.9''
MLS Addon
Office Name : B. Daniels Real Estate, LLC
Appliances : Refrigerator, Dishwasher, Disposal, Electric Range
Directions : North on Broadway to 15th Avenue, turn west on 15t
ExteriorFeatures : Lighting, Private Yard
InteriorFeatures : Open Floorplan, Ceiling Fan(s)
List Agent MLSID : NRA16018
List Office MLSID : NRA1465
LotFeatures : Corner Lot, Landscaped, Paved, Front Yard, Back Yard, Few Trees, Near Public Transit
Parcel Number : 450809279001000004
ParkingFeatures : Paved
Tax Year : $2,023
Zoning : Mixed Use
Annual Tax Amount : $115,288
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 27/04/2025 06:14:14
Commercial Sale For Sale
  • Listing ID : NRA819745
  • Square Footage : 89,550 Sqft
$6,999,900
Agent info
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