GOOD BUY AND HOLD OR FIX AND FLIP

Lake County, Gary, IN, 46404
Sold
Listed at: September 28th, 2023
Price
$40,000
Sq. Footage
989
Type
Single-Family
Parking
Unassigned
Year build
1925
Lot size
acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

*Serious Inquiries Only Please*


Discover the potential of this investment property located in up-and-coming Gary, IN, where opportunity knocks for real estate investors, seasoned handymen, and those with a vision to turn a fixer-upper into their dream home. This property sits in the heart of a thriving and up-and-coming neighborhood, making it a prime location for those looking to capitalize on Gary's resurgence. This single family property, nestled on a corner lot, features 989sqft, 3 bedrooms and 1 bathroom, with a 989sqft full basement for potential living space expansion or a functional workshop or rec room/den. Imagine starting your day with a cup of coffee on the charming front porch or hosting delightful barbecues in the backyard. For those with a penchant for cars or hobbies, the 2-car detached garage offers generous storage or workshop space. While the property does require repairs, it is structurally sound and offers an after-repair value estimated at $116,000 (comparable sales provided below). You have the flexibility to determine your own repair estimate, allowing you to transform this diamond in the rough into a shining jewel. Seize this exceptional opportunity and be a part of the exciting transformation happening in this up-and-coming area.


COMPS: All within 1 mile from the last 6 months (116k ARV)

1253 Rutledge St - sold for $102,410 in Aug 2023 - 0.42mi distance from subject

1317 Harrison St - sold for $123,424 n 4/26/23 - 0.79mi distance from subject

3169 W 19th Ave - sold for $114,880 in May 2023 - 0.89mi distance from subject

2067 Monroe Ln - sold for $129,675 on 5/24/23 - 0.93mi distance from subject

485 W 20th Pl - sold for $107,942 on 7/17/23 - 0.93mi distance from subject


-40k or best offer

-Title company to close with is Indiana Title Network Co in Crown point, buyer to pay closing costs.

-First buyer with a signed purchase agreement and earnest money deposit to the title company secures the deal

-Cash, Hard money, or private money offers only.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Meredith

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