5200 W Ridge Road Gary, IN $ 159,000
5200 W Ridge Road
$ 159,000
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5200 W Ridge Road

Gary, IN, 46408
$ 159,000
Bedrooms2 Baths1.1 Sq 1,534

Monthly Estimate*

$ 1,098

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Single Family Home for sale in Gary, IN

for $159,000 with 2 bedrooms and 1 full bath, 1 half bath. This 1,534 square foot home was built in 1936 on a lot size of 0.5.

Great opportunity for homeowners and investors alike! Situated on nearly half an acre, this ranch-style home with a basement offers a spacious layout, recent improvements, and excellent rental potential. The main level features an inviting living area filled with natural light, an adjoining dining space, and a comfortable sunroom overlooking the property. The basement with 1/2 bath and additional separate shower provides additional space for storage or to make it your own! Recent updates include a new roof installed just two months ago, along with improvements to the main floor. Outside, you'll find a generous yard, ample driveway parking, and a detached two-car garage that needs a new garage door. Currently tenant-occupied at 1,150 per month, with the tenant responsible for all utilities, including water and trash. **The tenant is on a month-to-month lease, offering flexibility for buyers looking to owner-occupy or investors seeking immediate rental income. The current tenant would love to stay, providing an opportunity to retain an established tenant while benefiting from potential future rent increases.** Conveniently located near schools, restaurants, shopping, and major roadways, including I-80/94, providing easy access to Chicago. Washer and dryer belong to the tenant and are excluded from the sale. Property is being sold As-Is. A solid opportunity to add to your investment portfolio or make this property your future home!

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Single Family Active

Price

$ 159,000

Bedrooms

2

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 2,270

Style

Single Family Residence

Lot Size

0.5

Year Built

1936

Town/City

Gary

County/Region

Lake

MLS | Web ID

847420

Features
Interior
Interior Amenities Entrance Foyer Open Floorplan
Fireplace Y/N N
Above Grade Finished Area 828
Half Baths 1
3/4 Baths 0
Laundry Features Gas Dryer Hookup Washer Hookup Main Level
Total Bedrooms 2
Total Baths 2
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General
Sewer Septic Tank
Heating Central
Appliances Freezer Refrigerator Gas Range Gas Cooktop
Garage Spaces 2
Patio/Porch Features Enclosed Screened Porch Front Porch
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1936
View None
Township Calumet
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Lake
New Construction N
Property Type Residential
HOA N
Subdivision Name NA
Garage Y/N Y
Total Rooms 7
Full Baths 1
Status Active
Directions From I-80/I-94 take the Burr Street exit and head north on Burr Street. Turn west onto W Ridge Road (US-6). Continue to 5200 W Ridge Road. Property is located along W Ridge Road. The previous listin
City Gary
High School District Lake Ridge
Lot Size Square Feet 21780
Listing Terms Cash Conventional
Property Attached Y/N N
Tax Annual Amount 2270
Standard Status Active
Legal Description E 100 FT OF E 1/2 W 1/2 NW NE S.25 T.36 R.9 EXC. N. 871.20 FT .50AC
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Exterior
Exterior Amenities Private Yard
Parking Features Detached Paved Garage Faces Front Driveway
Lot Features Back Yard Paved Landscaped Front Yard
Water Source Public
Lot Size Acres 0.5
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Merry Galindo

Listing Agent

Listing Leaders Northwest

Broker

realtor.merryg@gmail.com

Email

Affordability Calculator

$1,287
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,098
Monthly Property Taxes
$189
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
4001716 Elementary School
4001604 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/27/2026$159,000 Listed Price

Map


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5200 W Ridge Road, Gary, IN, 46408 is a Single Family Home for sale at $159,000 with 1,534 sqft and a lot size of 0.5. 5200 W Ridge Road has 2 bedrooms, 1.1 baths, and was built in 1936. The property's zip code is 46408 which is in Gary, IN