1971 Massachusetts Street Gary, IN 46407

Building Details

Year Built

1920

Listing agency Penny P Properties, LLC P***@pennypproperties.com Show Phone

Listed by Panagiota Papadatos Show Phone

Source Compass

Added: Nov 23, 2025 Updated: Jul 21 at 4:10AM Checked: Jul 21 at 4:10AM

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Investment Insights

Based on property information with market context.

This all-brick multifamily apartment building is configured with five units: two one-bedroom units, two two-bedroom units, and one three-bedroom unit. The units feature high ceilings and include separate sitting and dining areas, with one-bedroom units also offering a small bonus room. High-efficiency furnaces are installed, and the roof is reported as newer, installed a couple years ago.

The property also presents an opportunity for additional on-site income through coin-operated laundry.

With a mix of one-, two-, and three-bedroom layouts, the building offers varied unit sizes within a single residential income asset.

Key Highlights

• All‑brick 5‑unit multifamily building with varied unit layouts, built in 1920
• Unit mix includes 2 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom unit
• High ceilings throughout; some units feature a sitting area and dining area

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FAQs

What type of property is this?

Apartment building - All-brick multifamily building with five units, varied layouts, high ceilings, and a newer roof.

Where is this apartment building located?

The property is located at 1971 Massachusetts Street Gary, IN.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: All‑brick 5‑unit multifamily building with varied unit layouts, built in 1920; Unit mix includes 2 one‑bedroom, 2 two‑bedroom, and 1 three‑bedroom unit; High ceilings throughout; some units feature a sitting area and dining area