Listing provided courtesy of Weichert, Realtors-Moke AgencyNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 824001MLS Provider

420 Adams StreetGary, IN 46402

Multi-Family · 6 Beds · 3 Full Baths · 0.24 Acres
$200,000 Active

420 Adams Street Overview

Time on Site:
354 days
Visits:
7

Prime Downtown Gary Development OpportunityMore than just a parcel--this is a chance to be part of the bold next chapter in the City of Gary Indiana's comeback story that's already being written.This 10,000+ square foot lot, improved with an older brownstone triplex, is ideally located within walking distance of the planned revitalization of the South Shore Line Train Station--an anchor in the city's evolving transportation and redevelopment plans. Property is located within a designated Transit-Oriented Development (TOD) district--a key area identified in the 2023 Northwest Indiana TDD Strategic Implementation Plan.The site sits at the crossroads of public investment, regional strategy, and untapped potential. Looking for high-density housing or mixed-use development, this property is tailor-made for a project that aligns with Gary's long-term vision for smart growth and sustainable urban renewal.Yes, the aging triplex on the land needs a complete rehab before leasing units--but the real value isn't what stands today. It's what could rise tomorrow.This is a rare opportunity to create something transformative: a development that breathes new life into the block, builds community, and reflects the spirit of a city rebuilding with purpose. The vision is in motion. The framework is set. All that's needed now is the right developer--someone who sees more than a structure... someone who sees possibility.Gary is not just rebuilding structures--it's rebuilding trust, pride, and momentum. This is your opportunity to make a lasting impact. A statement project. A partnership with purpose. A stake in one of the Midwest's most compelling urban renewal stories.Property being sold As-Is, Where-Is

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

420 Adams Street Facts & Features

  • Type Multi-Family
  • Lot 0.24 Acres

Details

General

Building Information

  • New Construction: false
  • Year Built: 1915

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Gary Land Companys 01
  • Township: Calumet

Rent/Lease Information

  • Lease Considered: false
  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 2201
  • Tax Assessed Value: 87300
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 450804281017000004
  • Pets Allowed: No
  • Property Condition: Fixer
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 6

Building Interior

  • Above Grade Finished Area: 2492

General Information

  • Appliances: None
  • Fireplace: false
  • Heating: None
  • Interior Features: None
  • Levels: Two
  • Living Area Source: Assessor

Exterior

Parking Information

  • Parking Features: Gravel,On Street,Off Street
  • Parking Total: 0

Lot Information

  • Additional Parcels: false
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.244
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10629
  • Water Source: None

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Patio And Porch Features: Front Porch

General Information

  • Exterior Features: Balcony
  • Sewer: None
  • Utilities: None

420 Adams Street Neighborhood

Community

46402 (Gary) Demographics

34
Median Age
1,714
Population Density (per sq. mile)
15%
College Educated
$23,630
Estimated Median Income
1,179
Estimated Total Home Owners
1,469
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

420 Adams Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

420 Adams Street Market Data

Based on the last 30 days in this zip code

$108,955
Average List Price
$64
Average Price per Square Foot
9
Properties Sold
90
Average Days on Market
28
Properties for Sale
Calculations provided by Reliance Network

420 Adams Street History

Date Event Value Agent
7/31/2025Source: Northwest Indiana MLS Added to Database
July 10, 2025