Townhome-Style Multifamily
1400 Jefferson Street Gary, IN 46407
For Sale
$6,999,900
For sale 80-unit townhome community with individual heating and central air plus gated perimeter and onsite parking.
Property Size89,550 SF
Price / SF$78.17
Days on Market455
Property Features for 1400 Jefferson Street
General Information
- Standard status
- Active
- Size
- 89,550 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1997
Listing Agency:
B. Daniels Real Estate, LLC
(219) 487-2630
Listed By:
Andria Pettigrew-Sprouse · License #RB19001834
(219) 487-2630
Source:
Exitrealty
Added: Apr 26, 2025
Changed: Jul 23
Last Checked: Jul 24 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of B. Daniels Real Estate, LLC
Investment Insights
Based on property information with market context.
Madison Avenue Townhomes is an 80-unit townhome-style multifamily community in excellent condition. The property features open-concept layouts with 3-bedroom units that include 1.5 baths, ample closet space, and individual heating and central-air units for each tenant. Tenants are responsible for all utilities, and appliances included are a refrigerator, stove, dishwasher, and garbage disposal. The community has been recently renovated with approximately $3.2 million spent on improvements, and individual unit safety equipment includes smoke detectors, CO detectors, and fire extinguishers as required.
The property includes plenty of onsite parking, exterior security lighting, and a gated perimeter. Each unit provides both front and back yards, and there is a playground area with park benches for outdoor use. The community also includes a few ADA units with sprinkler systems.
The property is currently reported as fully occupied, with a waiting list. It is located at 1400 Jefferson Street in Gary, IN 46407, with the remarks noting proximity to major interstate highways, Miller Beach, a major university, mini shopping plazas, and the New Hard Rock Casino.
The property includes plenty of onsite parking, exterior security lighting, and a gated perimeter. Each unit provides both front and back yards, and there is a playground area with park benches for outdoor use. The community also includes a few ADA units with sprinkler systems.
The property is currently reported as fully occupied, with a waiting list. It is located at 1400 Jefferson Street in Gary, IN 46407, with the remarks noting proximity to major interstate highways, Miller Beach, a major university, mini shopping plazas, and the New Hard Rock Casino.
Key Highlights
- 80‑unit Madison Avenue townhome community built in 1997
- Each unit has individual heating and central air; tenants pay all utilities
- 3Bd units with 1.5 BA; open‑concept living/dining layout and ample closet space
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - For sale 80-unit townhome community with individual heating and central air plus gated perimeter and onsite parking.
Where is this apartment building located?
The property is located at 1400 Jefferson Street Gary, IN.
What is the asking price?
The asking price for this property is $6,999,900.
What are key features of this property?
This property features: 80‑unit Madison Avenue townhome community built in 1997; Each unit has individual heating and central air; tenants pay all utilities; 3Bd units with 1.5 BA; open‑concept living/dining layout and ample closet space
