5012 Arthur Street Gary, IN $ 114,875
5012 Arthur Street
$ 114,875
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5012 Arthur Street

Gary, IN, 46408
$ 114,875
Bedrooms3 Baths1.1 Sq 1,696

Monthly Estimate*

$ 725

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Single Family Home for sale in Gary, IN

for $114,875 with 3 bedrooms and 1 full bath, 1 half bath. This 1,696 square foot home was built in 1956 on a lot size of 0.269.

PRICED VERY AGGRESSIVELY with substantial ROI potential for the SAVVY investor or homeowner who knows an opportunity when they see one! And yes--we know--it is UGLY and smells like hell. It will not be winning any beauty contests but think of it as the "BEFORE" picture just waiting for somebody with vision, experience & skill to create the "AFTER." The initial cleanout and trash removal have been completed, but that is where the seller's work ends. Located SOUTH OF but near the Ridge Road corridor and conveniently positioned for access to I-65, I-80/94, shopping, employment and surrounding communities including Griffith, Highland and Merrillville. It offers investors a practical Northwest Indiana location with connections throughout the region and into Chicagoland. ALL bidders are welcome, but come prepared and expect it to be BUSY. Based on the list price and potential ROI, it is best to assume you will be competing. Electric and water are currently on. Cash offers must include current proof of funds held in the purchaser's name. Seller will not consider hard-money financing. A 5,000 earnest-money deposit must be delivered by ACH transfer or wire within 48 hours following acceptance. Allow 2 business days for the seller's response to any offer. Multiple-offer notices will not be issued, and offers will be presented as received. Offers submitted without the required proof of funds or financing documentation will not be eligible for consideration. Seller will provide clear title but will make no repairs, alterations or improvements and will not permit any work to be performed before, during or after inspections. Property is being sold strictly AS IS, WHERE IS and exactly as you see it & smell it. Seller will not provide concessions before or after inspections. Serious buyers are strongly encouraged to complete their own due diligence before submitting an offer. Do your homework, sharpen your pencil, hold your nose and put your best foot forward. Its going to be BUSY!

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Single Family Active

Price

$ 114,875

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 950

Style

Single Family Residence

Lot Size

0.269

Year Built

1956

Town/City

Gary

County/Region

Lake

MLS | Web ID

843337

Features
Interior
Interior Amenities Vaulted Ceiling(s) Country Kitchen
Fireplace Y/N N
Above Grade Finished Area 1058
Half Baths 1
3/4 Baths 0
Laundry Features Laundry Room
Total Bedrooms 3
Room Type Bonus Room Primary Bedroom Living Room Kitchen Dining Room Bedroom 3 Bedroom 2
Total Baths 2
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General
Sewer Septic Tank
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Natural Gas Connected
Appliances None
Garage Spaces 1.5
Year Built 1956
Electric 100 Amp Service
View Neighborhood
Township Calumet
Levels Tri-Level
Property Subtype Single Family Residence
Tax Year 2024
County Lake
New Construction N
Property Type Residential
HOA N
Subdivision Name Fern Oaks
Garage Y/N Y
Total Rooms 7
Full Baths 1
Status Active
Directions Cleveland St to W. 50th Ave East to Arthur St North to Home
City Gary
Lot Size Square Feet 11718
Listing Terms Cash Conventional
Property Attached Y/N N
Tax Annual Amount 950
Property Condition Fixer
Standard Status Active
Legal Description FERN OAKS ALL L.24 BL.E ALL L.25 BL.E
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Exterior
Parking Features Attached Garage Faces Front Off Street
Lot Features Back Yard
Water Source Public
Lot Size Acres 0.269
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
John Schupp

Listing Agent

Schupp Real Estate

Broker

John@SCHUPPre.com

Email

Affordability Calculator

$804
Per Month
90%
10%
0%
Monthly Principal & Interest
$725
Monthly Property Taxes
$79
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
8/3/2026$114,875 Listed Price

Map


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5012 Arthur Street, Gary, IN, 46408 is a Single Family Home for sale at $114,875 with 1,696 sqft and a lot size of 0.269. 5012 Arthur Street has 3 bedrooms, 1.1 baths, and was built in 1956. The property's zip code is 46408 which is in Gary, IN