GARY, IN 46406

PROPERTY OVERVIEW

Type: Single Family RanchSize: 1,139 sqftBeds/Baths: 4 Bed / 1.5 BathLot Size: 0.14 AcreYear Built: 1968Stories: 1

PROPERTY HIGHLIGHTS

The big-ticket items are done: roof and siding replaced 4–5 years ago, furnace about 2 years old

Full bathroom remodeled about 6 years ago

Turnkey layout: clean it, freshen it and rent it

A 4-bedroom two blocks away sold for $175,000 in July 2026Quiet block of 1968 ranches on Gary’s west side, close to the Hard Rock Casino and I-80/94

REPAIRS NEEDED

Light cosmetic: deep clean, paint, flooring updates, fixturesHalf bath needs work but is usableEstimated Repair Costs: $10K – $20K

ARV – $150,000 based on Comps:

984 Stevenson St, Gary, IN 46406 (2 blocks over): 4 Bed / 2 Bath. Sold for $175,000 on 07/14/2026.

1088 Hobart St, Gary, IN 46406 (same block, same 1968 build): 3 Bed / 1 Bath, 925 SqFt. Sold for $125,000 on 06/26/2026.

POTENTIAL RETURNS

Fix & Rent: 4 bedrooms with the roof, siding and furnace already done means low capex and strong rent for Gary.

Fix & Flip: a 4-bedroom two blocks away closed at $175K. With only a light cosmetic rehab, there’s a big spread against a conservative $150K ARV.

Remember, you miss 100% of the shots you don’t take, so don’t hesitate to submit that offer!

Call Mike at Preferred Home Buyer: 219-200-5043