Active

5012 Arthur Street

Gary, IN 46408
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Bed 3

Bed

Bath 1

Bath

SqFt1,696

Sqft

Acres0.27

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential

Price : $114,875

AD Id : 89045306

MLS Id : NRA843337

Beds : 3

Lot Size : 0.27 Acre

Living Area Size : 1,696

Year Built : 1956

Garage : 1.5

County : Lake

Subdivision: Centennial Sub

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Feature Features

  • Bedroom Information

    Total Bedroom: 3 Room Types: Bonus Room, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 3, Bedroom 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 7

    Interior Features

    Vaulted Ceiling(s), Country Kitchen Appliances: None Laundry Features: Laundry Room
  • Heating & Cooling

    Heating: Forced Air, Natural Gas WaterSource: Public

  • Building Information

    Year Built: 1956

  • Lot Information

    Lot Description: Back Yard Lot Square Feet: 11718 Lot Acres: 0.269

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Tax Information

    Tax Legal Description: FERN OAKS ALL L.24 BL.E ALL L.25 BL.E Annual Tax: $950 Tax Year: 2024 Parcel Number: 450832430019000001

  • Parking Information

    Attached, Garage Faces Front, Off Street

    Garage Information

    Has Garage: Yes Garage Space: 1.5

  • Utility Information

    Electricity Connected, Water Connected, Natural Gas Connected Sewer: Septic Tank Water Source: Public
  • Location Information

    Subdivision: Fern Oaks City: Gary Direction: Cleveland St to W. 50th Ave, East to Arthur St, North to Home
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5052 Washington Street, Gary, IN, 46408 $175,000 3 2 1,600 1,600 SqFt
5006 Washington Street, Gary, IN, 46408 $145,000 3 1 1,212 1,212 SqFt
4173 Washington Street, Gary, IN, 46408 $15,000 -- -- --
5019 Adams Street, Gary, IN, 46408 $114,900 2 1 800 800 SqFt
3737 Washington Street, Gary, IN, 46408 $130,000 4 2 2,136 2,136 SqFt
4409 Adams Street, Gary, IN, 46408 $210,000 3 2 1,820 1,820 SqFt
3765 Adams Street, Gary, IN, 46408 $210,000 2 2 1,628 1,628 SqFt
4785 Jefferson Street, Gary, IN, 46408 $139,900 3 2 1,620 1,620 SqFt
5052 Jefferson Street, Gary, IN, 46408 $67,500 2 1 928 928 SqFt
5046 Jefferson Street, Gary, IN, 46408 $67,500 2 1 928 928 SqFt
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ByOwner last updated this listing 08/09/2026 @ 18:20

MLS: NIRA #843337 LISTED BY: John Schupp, SCHUPP Real Estate 219-696-3596 SOURCE: Northwest Indiana REALTORS® Association (formerly GNIAR) (Listings courtesy of Northwest Indiana REALTORS® Association (formerly GNIAR) as distributed by MLS GRID)

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