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400 E 41st Avenue

Gary, IN 46409
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Bed 0

Bed

Bath 0

Bath

Acres0.10

Acre(Lot)

Investor Special - High-Upside Fix & Flip Opportunity Solid brick multi-level building at 400 E 41st Ave in Gary, IN 46409. This is a true value-add project for experienced investors or rehabbers ready to take on a full gut renovation. The property shows classic older construction with substantial remaining structure, multiple interior spaces, arched openings, and original character elements that can shine once restored. Brick exterior provides a durable shell. Current condition requires complete renovation (extensive interior work, systems, finishes, cleanup, and exterior/site improvements), making it ideal for a full rehab or potential multi-unit conversion depending on zoning and your plans. Located in Gary with access to major routes and the broader Northwest Indiana / Chicago metro ma rket. Nearby properties and ongoing area activity create opportunity for investors targeting rental income, flip, or hold strategies after renovation. Bring your contractor, run the numbers, and transform this into a strong-performing asset. Cash or hard-money buyers preferred. Property sold as-is. Schedule your inspection today and see the potential in person.

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Detail Ic Property Details

Property Type : Residential

Price : $60,000

AD Id : 89045307

MLS Id : NRA843338

Lot Size : 0.10 Acre

Year Built : 1925

Garage : 2

County : Lake

Subdivision: Centennial Sub

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Feature Features

  • Interior Features

    None Appliances: None
  • Heating & Cooling

    Heating: None WaterSource: Other

  • Building Information

    Year Built: 1925

  • Lot Information

    Lot Description: Corner Lot Lot Square Feet: 4487 Lot Acres: 0.103

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Tax Information

    Tax Assessed Value: 56700 Tax Legal Description: GREAT GARY REALTY CO'S 1ST ADD ALL LOT 19 BL.8 AND E.2 1/10FT. VAC. DELAWARE ST. ADJ. LOT Annual Tax: $1422 Tax Year: 2024 Parcel Number: 450827181025000004

  • Parking Information

    Attached

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    Sewer: Unknown Water Source: Other
  • Location Information

    Subdivision: Great Gary Realty Companys 01 City: Gary Direction: Broadway (N) > E 40th Ave. (E) > Delaware St. (S) > 400 E 41st Ave (E)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1431 E 41st Avenue, Gary, IN, 46409 $120,000 3 1 1,100 1,100 SqFt
3966 Louisiana Street, Gary, IN, 46409 $89,900 3 1 875 875 SqFt
1272 E 36th Place, Gary, IN, 46409 $185,000 5 2 2,676 2,676 SqFt
3905 Tennessee Street, Gary, IN, 46409 $59,888 3 2 1,295 1,295 SqFt
4433 Vermont Court, Gary, IN, 46409 $115,500 4 2 1,550 1,550 SqFt
3903 Kentucky Street, Gary, IN, 46409 $209,900 4 2 1,850 1,850 SqFt
4229 Vermont Street, Gary, IN, 46409 $94,900 4 2 1,120 1,120 SqFt
1027 E 35th Place, Gary, IN, 46409 $34,500 2 1 1,140 1,140 SqFt
4316 Vermont Street, Gary, IN, 46409 $190,500 3 2 2,413 2,413 SqFt
3401 Vermont Street, Gary, IN, 46409 $29,000 2 1 625 625 SqFt
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ByOwner last updated this listing 08/09/2026 @ 18:20

MLS: NIRA #843338 LISTED BY: Christine Coughlin, Listing Leaders 219-462-5478 SOURCE: Northwest Indiana REALTORS® Association (formerly GNIAR) (Listings courtesy of Northwest Indiana REALTORS® Association (formerly GNIAR) as distributed by MLS GRID)

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