1400 Jefferson ST new Save Request In-Person Tour Request Virtual Tour
Gary,IN 46407
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