Lake County, Gary, IN 46409

Property Overview: Type: Single-Family, 1-Story Brick Ranch Bedrooms / Bathrooms: 3 Bed / 1 Bath Size: 920 sqft above grade, plus a full unfinished basement Lot size: 4,400 sqft Year Built: 1928 Garage: None Basement: Yes, full and unfinished, with potential for 4 Bed / 2 Bath and 1,840 sqft Property Highlights: Livable condition: rent it as-is, or turn it into a turnkey rental Solid brick construction Full basement adds a 4th bedroom and 2nd bath, doubling the living space to 1,840 sqft Located in Gary’s Glen Park area, close to I-65 and I-80/94 3-bed homes in 46409 are listed for rent at $1,400–$1,595/month Repairs Needed: Livable now. The rehab covers interior updates plus finishing the basement into a 4th bedroom, 2nd bath and family room. Estimated Repair Costs: $40k ARV - $210,000 based on Comps: 3903 Kentucky St, Gary, IN 46409 — Remodeled ranch, 4 Bed / 2 Bath, 1,850 SqFt (925 above grade / 925 finished basement, built 1960), sold for $209,900 on 09/15/2026. 825 E 43rd Pl, Gary, IN 46409 — Completely remodeled, 4 Bed / 2 Bath, 2,223 SqFt with finished basement (built 1947), sold for $204,000 in 2026. 3376 Maryland St, Gary, IN 46409 — Gut rehab, 3 Bed / 2 Bath, 2,100 SqFt (1,150 above grade / 950 finished basement, built 1926), sold for $175,000 on 07/22/2026. 4315 Kentucky St, Gary, IN 46409 — Fully renovated, 3 Bed / 3 Bath, 2,232 SqFt with finished basement (built 1948), sold for $172,000 on 09/18/2026. Potential Returns: Fix & Flip: Buy at $60K + $40K rehab = $100K all-in against a $210K ARV, a $110K spread. That’s an opportunity to make $60K+ in profit after selling and holding costs. Buy & Hold: At a $60K purchase price, it rents at $1,400–$1,600/month as a 3 bed, which is a 28%+ gross yield. Finish the basement to a 4 Bed / 2 Bath to push rent higher. Remember, you miss 100% of the shots you don’t take, so don’t hesitate to submit that offer! Call [representative] Today at [contact details hidden]!