Don't miss this prime investment opportunity! This 5-unit building is a blank canvas awaiting your creative touch. Perfect for investors looking to capitalize on the booming real estate market by transforming this property into a lucrative asset.This building consists of five individual units each with versatile floor plans, providing ample rental income potential once renovated.Don't miss out on this incredible opportunity to turn this 5-unit building into a profitable investment. Act fast, and let your imagination bring this property to life!
Closed
$58,000
701 Madison St, Gary, IN 46402
--beds
5,719sqft
MultiFamily
Built in 1909
-- sqft lot
$-- Zestimate®
$10/sqft
$1,331 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,331/mo
Zestimate® history
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Owner options
List your home for rent
$1,331/mo
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Learn more$1,331/mo
Rent Zestimate®
Refinance and save
$293/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 28, 2024 at 03:39pm
Listed by:
Mary Cossey,
Coldwell Banker Realty 219-865-9911,
Shanesha Chester,
Coldwell Banker Realty
Bought with:
Angela Manning, RB17000786
Integrity Realty Partners
Source: NIRA as distributed by MLS GRID,MLS#: 543552
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
- Full bathrooms: 5
Features
- Elevator
- Basement: Full
Interior area
- Total structure area: 5,719
- Total interior livable area: 5,719 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Frontage length: 45
Lot
- Size: 5,619 sqft
- Dimensions: 45 x 125
Details
- Parcel number: 450804476001000004
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1909
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Gary
- Subdivision: Gary Land Companys 01
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Other
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2024 | Sold | $58,000-7.9%$10/sqft |
Source:  NIRA as distributed by MLS GRID #543552 Report a problem | ||
| 1/10/2024 | Contingent | $63,000$11/sqft |
Source: NIRA as distributed by MLS GRID #543552 Report a problem | ||
| 1/6/2024 | Listed for sale | $63,000$11/sqft |
Source: NIRA as distributed by MLS GRID #543552 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,847 -0.6% | $95,900 -15.1% |
| 2023 | $2,864 +8.3% | $112,900 +1% |
| 2022 | $2,644 0% | $111,800 +8.3% |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 1.2 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 3.5 mi
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- Indiana
- Lake County
- Gary
- 46402
- Downtown
- 701 Madison St