Available
$65,000(ARV: $220,000)30% of ARV

Lake County, Gary, IN 46408

3 bd1 ba1,912 sfBuilt 1927

2 days ago

Gross spread$155,000

Description

Property Overview: Type: Single Family Home Size: 1,912 sqft Bedrooms / Bathrooms: 3 Bed / 2 Bath Year Built: 1927 Basement: Yes, unfinished Lot size: .109 ac lot Property Highlights: Located in Gary’s Calumet Township, close to Indiana University Northwest, parks, and I-80/94 A fully renovated 3/2 on the same street sold in just 6 days for $219K Room to add a 4th bedroom or a half bath to push resale value even higher Previously rented at about $800/mo, so it works as a flip or a BRRRR Repairs Needed: Moderate to heavy renovation. The interior is outdated and needs a full clean-out and cosmetic update throughout. The basement needs water sealing and is ready to be finished for extra living space. The exterior is in overall good shape but needs new gutters. Estimated Repair Costs: $45K – $65K ARV - $210,000 based on Comps: 3517 Buchanan St, Gary, IN 46408. Fully renovated 3 Bed / 2 Bath, 2,041 sqft with a finished basement (built 1940). Sold for $219,000 on 05/26/2026 after 6 days on market. 3636 Lincoln St, Gary, IN 46408. Fully remodeled 3 Bed / 2 Bath, 1,736 sqft with a finished basement (built 1949). Sold for $179,900 on 06/04/2026. 3771 Van Buren St, Gary, IN 46408. Fully renovated 5 Bed / 3 Bath, 3,633 sqft (built 1926). Sold for $252,000 on 03/04/2026. Potential Returns: At $70K, there’s room for roughly $55K – $75K in profit on a flip after rehab and selling costs. Or renovate and rent it out as a long-term hold. 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]

$/sqft vs market

This deal$34/sqft
Market median$157/sqft
Difference−78% below

Median of 12 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms1
Square feet1,912
Lot size4,748 sf
Year built1927
ConditionLight Rehab
OccupancyVacant
ParkingDetached Garage

Systems & condition

HeatingFurnace
Air conditioningCentral AC
FoundationFull basement
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Property information

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