IN > Gary > Chicago Tolleston Land & Inves
Gary, IN 46407,1400 Jefferson ST
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Gary, IN 46407,1400 Jefferson ST
Gary, IN 46407,1400 Jefferson ST
Gary, IN 46407,1400 Jefferson ST
Gary, IN 46407,1400 Jefferson ST
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John L Reagan

John L Reagan

+1(219) 808-5161
$ 6,999,900
Est. payment /mo
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1400 Jefferson ST Gary, IN 46407

89,550 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 89,550 sqft

Price per Sqft $78

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

Acres 7.12

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

Interior Features Ceiling Fan(s), Open Floorplan

Heating Forced Air, Hot Water

Fireplace N

Appliance Dishwasher, Refrigerator, Electric Range, Disposal

Exterior

Exterior Feature Lighting, Private Yard

View Y/N true

View true

Accessibility Accessible Bedroom, Accessible Full Bath, Accessible Doors

Handicap Access Accessible Bedroom, Accessible Full Bath, Accessible Doors

Building

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

Schools

School District Gary

Others

Tax ID 450809279001000004

Acceptable Financing NRA20250413195226812005000000

Listing Terms NRA20250413195226812005000000

Listed by B. Daniels Real Estate, LLC
agent

John L Reagan

Managing Broker | License ID: 6501402123/RB14035971

+1(219) 808-5161

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1400 Jefferson ST