11
See all 11 photos
$125,000
Est. payment /mo
14,500 SqFt
Active
2585 W 11th AVE Gary, IN 46404
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,500 sqft
Price per Sqft $8
Subdivision Jefferson Land & Realty Companys
MLS Listing ID 829188
Year Built 1917
Annual Tax Amount $893
Tax Year 2024
Lot Size 4,878 Sqft
Acres 0.112
Property Sub-Type Multi Family
Property Description
Bring your vision and creativity to this rare, all-brick 14-unit apartment building, one of the largest multifamily properties in the area! Currently completely gutted and ready for a full renovation, this structure offers a blank canvas for a savvy investor or developer to restore its former potential and create strong rental income. The property features solid brick construction, a spacious layout across multiple levels, and side-door access for easy contractor entry. Several windows are currently boarded up for security, and utilities will need to be reinstalled. Once revitalized, this building could become a multifamily asset in a growing area of Gary. Whether you're looking to reposition as modern apartments, workforce housing, or a long-term hold, the size, structure, and location of this property make it a standout investment.
Location
State IN
County Lake
Interior
Heating None
Fireplace N
Exterior
Exterior Feature Other
View Y/N true
View true
Building
Lot Description Corner Lot
Schools
School District Gary
Others
Tax ID 450808176001000004
Acceptable Financing NRA20251009185140554808000000
Listing Terms NRA20251009185140554808000000
Listed by McColly Real Estate
GET MORE INFORMATION