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1565 Wallace Street Gary, IN $ 100,000
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1565 Wallace Street
$ 100,000
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1565 Wallace Street

Gary, IN, 46404
$ 100,000
Bedrooms3 Baths2.0 Sq 2,497

Monthly Estimate*

$ 691

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Single Family Home for sale in Gary, IN

for $100,000 with 3 bedrooms and 2 full baths. This 2,497 square foot home was built in 1964 on a lot size of 0.215.

Welcome to 1565 Wallace Street! This spacious, all-brick ranch offers over 3,000 square feet of living space and endless potential. Featuring 3 bedrooms, 2 full bathrooms, an attached 2-car garage, and a concrete back patio perfect for outdoor entertaining, the bones and structure are ready for your vision. While the home is in need of some TLC, it presents an exceptional opportunity for investors seeking a profitable turn-key project or homebuyers looking to build immediate sweat equity. Situated on a classic, picture-perfect street lined with well-maintained brick ranches, this neighborhood charm makes the investment all the more rewarding. Needing some TLC, making it the perfect candidate for a home renovator, flipper, or buyer looking to customize their dream home while adding massive equity!! Opportunities with this much space on a block like this don't come around often. Bring your contractor and your creative vision! Don't miss out on unlocking the true value of this solid Gary home--schedule your showing today!

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Single Family Active

Price

$ 100,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 3,043

Style

Single Family Residence

Lot Size

0.215

Year Built

1964

Town/City

Gary

County/Region

Lake

MLS | Web ID

846697
Features
Interior
Interior Amenities None
Window Features Blinds
Fireplace Y/N N
Above Grade Finished Area 1513
Half Baths 0
3/4 Baths 0
Laundry Features Sink
Total Bedrooms 3
Room Type Bedroom 2 Other Room Utility Room Primary Bedroom Media Room Living Room Laundry Kitchen Dining Room Bedroom 3
Total Baths 2
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General
Sewer Public Sewer
Heating Central Natural Gas Forced Air
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Dryer Washer Stainless Steel Appliance(s) Range Hood Refrigerator Gas Range
Garage Spaces 2
Year Built 1964
Electric 100 Amp Service
View Neighborhood
Township Calumet
Levels One
Property Subtype Single Family Residence
Tax Year 2024
County Lake
New Construction N
Property Type Residential
HOA N
Subdivision Name Carlisle Add
Garage Y/N Y
Total Rooms 9
Full Baths 2
Status Active
Directions From Grant Steet proceed to 15th Ave West on 15th Ave to Wallace Turn left and proceed South on Wallace to property on left.
City Gary
High School District Gary
Lot Size Square Feet 9365
Listing Terms Cash Conventional
Property Attached Y/N N
Tax Annual Amount 3043
Property Condition Fixer
Standard Status Active
Tax Assessed Value 121300
Legal Description CARLISLE ADD. ALL LOTS 18 19 & 20
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Exterior
Exterior Amenities Rain Gutters
Parking Features Attached Garage Faces Front Driveway Concrete Off Street Garage Door Opener
Lot Features Back Yard Rectangular Lot Front Yard Few Trees
Water Source Public
Lot Size Acres 0.215
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Alan Harrell

Listing Agent

Mccolly Real Estate

Broker

alan.harrell@mccolly.com

Email

Affordability Calculator

$944
Per Month
73%
27%
0%
Monthly Principal & Interest
$691
Monthly Property Taxes
$254
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4001616 Elementary School
4001695 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/11/2026$100,000 Listed Price

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1565 Wallace Street, Gary, IN, 46404 is a Single Family Home for sale at $100,000 with 2,497 sqft and a lot size of 0.215. 1565 Wallace Street has 3 bedrooms, 2.0 baths, and was built in 1964. The property's zip code is 46404 which is in Gary, IN

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