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3940 Pierce Street Gary, IN $ 139,900
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3940 Pierce Street
$ 139,900
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3940 Pierce Street

Gary, IN, 46408
$ 139,900
Bedrooms3 Baths1.0 Sq 748

Monthly Estimate*

$ 861

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Single Family Home for sale in Gary, IN

for $139,900 with 3 bedrooms and 1 full bath. This 748 square foot home was built in 1955 on a lot size of 0.086.

Welcome to a well kept home in Calumet Township offering both comfort and strong financial upside. With current rent at sixteen hundred per month, this property performs in the 10-12 perc cap rate range, making it an appealing option for buyers who want a rent ready residence that also builds long term equity. For those who want to move into their beautiful new home, the Lease is up on 3/31/26. The home features a practical layout, a bright living area, and a spacious yard--ideal for everyday living, outdoor enjoyment, or future improvements. Its location near Indiana University Northwest, major employers, and key transit routes ensure steady demand and lasting value. Whether you're looking for an affordable primary home or a smart investment with immediate income potential, this property delivers versatility and long term stability.

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Single Family Active

Price

$ 139,900

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,751

Style

Single Family Residence

Lot Size

0.086

Year Built

1955

Town/City

Gary

County/Region

Lake

MLS | Web ID

834042
Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 748
Half Baths 0
3/4 Baths 0
Laundry Features Gas Dryer Hookup Washer Hookup
Total Bedrooms 3
Room Type Bedroom 2 Primary Bedroom Living Room Kitchen Bedroom 3
Total Baths 1
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General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Microwave Refrigerator Range
Year Built 1955
Electric 100 Amp Service
View None
Township Calumet
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Lake
New Construction N
Property Type Residential
HOA N
Subdivision Name Oakington Park 1st Sub
Garage Y/N N
Total Rooms 5
Full Baths 1
Status Active
Directions W. 37th Avenue to Pierce Street south on Pierce to Home
City Gary
Lot Size Square Feet 3746
Listing Terms Cash VA Loan FHA Conventional
Property Attached Y/N N
Tax Annual Amount 1751
Standard Status Active
Tax Assessed Value 69800
Legal Description 1ST SUB. OAKINGTON PARK N.30 FT. L.3 BL.1
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Exterior
Parking Features On Street
Lot Features Back Yard
Water Source Public
Lot Size Acres 0.086
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Jeff McCormick

Listing Agent

Mccormick Real Estate, Inc.

Broker

Jeff@MccormickRealestate.net

Email

Affordability Calculator

$1,007
Per Month
86%
14%
0%
Monthly Principal & Interest
$861
Monthly Property Taxes
$146
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2/14/2026$139,900 Listed Price

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3940 Pierce Street, Gary, IN, 46408 is a Single Family Home for sale at $139,900 with 748 sqft and a lot size of 0.086. 3940 Pierce Street has 3 bedrooms, 1.0 baths, and was built in 1955. The property's zip code is 46408 which is in Gary, IN

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