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251 Polk Street Gary, IN $ 75,000
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$ 75,000 Get more info
251 Polk Street
$ 75,000
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251 Polk Street

Gary, IN, 46402
$ 75,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 468

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Multi-Family Home for sale in Gary, IN

for $75,000 with 4 bedrooms and 2 full baths. This home was built in 1924 on a lot size of 0.09.

NOW ACCEPTING SHOWINGS! Investor's Dream in Gary, Indiana! Welcome to 251 Polk Street, a solid duplex with tons of potential! Currently owner-occupied, this property already has the essentials covered -- featuring a newer roof, furnace, and water heater, so you can skip the costly repairs and focus on cosmetic updates. Each unit offers 2 spacious bedrooms and 1 full bathroom, along with an open-concept living, dining, and kitchen area that's perfect for modern living. With a little remodeling, this property could easily become a high-performing income generator or a great house hack opportunity for someone looking to live in one unit and rent the other. This is your chance to grab a property with great bones, strong rental potential, and minimal upfront investment -- don't miss out on this hidden gem in Gary!

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Multi-Family Pending

Price

$ 75,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 528

Style

Duplex

Lot Size

0.09

Year Built

1924

Town/City

Gary

County/Region

Lake

MLS | Web ID

830253
Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 1672
Half Baths 0
3/4 Baths 0
Total Bedrooms 4
Total Baths 0
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General
Sewer Public Sewer
Heating Forced Air
Appliances Dryer Water Softener Owned Refrigerator Range Microwave
Pets Allowed Yes
Year Built 1924
Township Calumet
Levels Two
Property Subtype Duplex
Tax Year 2024
County Lake
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Neighborhood- 2527
Garage Y/N N
Total Rooms 8
Full Baths 2
Status Pending
Directions Head toward Broadway in Gary and turn onto 5th Avenue then continue until you reach Polk Street. Turn north onto Polk Street and follow it a short distance; 251 Polk Street will be on your right near
City Gary
Lot Size Square Feet 3920.4
Listing Terms Cash
Tax Annual Amount 528.14
Lease Considered Y/N N
Standard Status Pending
Legal Description GARY LAND CO'S. 8TH SUB. ALL L.36 BL.4
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Exterior
Exterior Amenities Balcony
Lot Features Private
Water Source Public
Lot Size Acres 0.09
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Mia James

Listing Agent

Integrity Realty Partners

Broker

Mia.james@integrityrealtynwi.com

Email

Affordability Calculator

$512
Per Month
91%
9%
0%
Monthly Principal & Interest
$468
Monthly Property Taxes
$44
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/17/2025$75,000 -11.76% Price Down
11/6/2025$84,999 0.00% Price Down
11/2/2025$85,000 Listed Price

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251 Polk Street, Gary, IN, 46402 is a Multi-Family Home for sale at $75,000 with a lot size of 0.09. 251 Polk Street has 4 bedrooms, 2.0 baths, and was built in 1924. The property's zip code is 46402 which is in Gary, IN

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