Save
Ask
Tour
Hide
Share
$6,999,900
68 Days On Site

1400 Jefferson Street
Gary, IN 46407

For Sale|Multi Family|Active
0
Beds
0
Total Baths
89,550
SqFt
$78
/SqFt
1997
Built
Subdivision:
Chicago Tolleston Land & Inves
County:
Lake
Listing courtesy of Andria Pettigrew-Sprouse of B. Daniels Real Estate, LLC ampsprouse@gmail.com as distributed by MLS GRID
1400 Jefferson Street1400 Jefferson Street1400 Jefferson Street1400 Jefferson Street
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$31,936
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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!!

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$6,999,900
Days On Site 
68 Days
Bedrooms 
N/A
Inside Area (SqFt) 
89,550 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
7.12 Acres
Year Built 
1997
MLS® Number 
819745
Status 
Active
Property Tax 
$115,288
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
7.12
Additional Property Use 
InvestmentSubdivisionMulti-Family
Cross Street 
Madison
Number Of Stories 
3
Parking 
Paved
Parking Spaces 
150
Property Sub Type 
Multi Family
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)Security Lights
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Cable ConnectedWater ConnectedSewer ConnectedNatural Gas ConnectedElectricity Connected
Water Source 
Public
Zoning 
Mixed Use
Interior Features
Appliances 
DishwasherRefrigeratorStainless Steel Appliance(s)Electric RangeDisposal
Cooling 
Ceiling Fan(s)Central Air
Electric 
100 Amp ServiceCircuit Breakers200+ Amp Service
Flooring 
LaminateVinylTile
Heating 
Natural GasForced AirHot Water
Interior 
Ceiling Fan(s)Open Floorplan
Laundry Features 
Electric Dryer HookupWasher HookupMain Level
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Aluminum SidingBrick
Exterior 
LightingStoragePrivate Yard
Lot Features 
Back YardPavedNear Public TransitLandscapedFront YardFew TreesCorner Lot
Roof 
Shingle
View 
CityNeighborhood
Waterview 
CityNeighborhood
Community Features
Accessibility Features 
Accessible BedroomAccessible Full BathAccessible Doors
Financing Terms Available 
CashConventional
School District 
Gary
Township 
Calumet
Schools
School District
Gary
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Andria Pettigrew-Sprouse of B. Daniels Real Estate, LLC ampsprouse@gmail.com as distributed by MLS GRID



Listing information is provided by Participants of the Greater Northwest Indiana Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Greater Northwest Indiana Association of REALTORS MLS.

Based on information submitted to the MLS GRID as of 2025-07-04 08:49 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share