NO WHOLESALERS: END BUYERS ONLY
Great opportunity for investors looking for their next value-add project! This 4-bedroom, 2-bath home is located in a desirable Gary zip code and offers tremendous potential for the right buyer.
The property features over 1,600 sq ft of living space plus a basement, providing plenty of room to add value and maximize the potential after renovation.
The property requires a full renovation, making it the perfect opportunity for a fix-and-flip or long-term rental investment. With a spacious layout and strong upside after rehab, this home provides the chance to create significant value.
Located near local amenities, schools, and major roadways, the property sits in an area with steady investor activity and rental demand.
Bring your contractor and your vision — opportunities like this at a great price point don’t last long.
Property sold AS-IS.
Buyer responsible for verifying all property details and condition.
Excelente oportunidad de inversión en Gary! Esta casa de 4 dormitorios y 2 baños está ubicada en un código postal muy deseable y ofrece un gran potencial para el comprador adecuado.
La propiedad necesita una renovación completa, lo que la convierte en una excelente opción para un proyecto de fix & flip o para agregar a un portafolio de renta a largo plazo. Con una distribución amplia y mucho potencial después de la rehabilitación, esta casa brinda la oportunidad de crear un gran valor.
Ubicada cerca de escuelas, comercios y vías principales, en una zona con fuerte actividad de inversionistas y demanda de alquiler.
Traiga a su contratista y su visión — oportunidades como esta a un excelente precio no duran mucho tiempo.
La propiedad se vende TAL CUAL (AS-IS).
El comprador debe verificar toda la información y la condición de la propiedad.
For sale by owner
Price cut: $3K (3/21)
$22,000
4240 Delaware St, Gary, IN 46409
4beds
1,632sqft
Est.:
SingleFamily
Built in 1927
6,185 Square Feet Lot
$-- Zestimate®
$13/sqft
$-- HOA
What's special
Spacious layout
- 25 days |
- 1,273 |
- 75 |
Listed by:
Property Owner (219) 781-5644
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Other
Cooling
- Central
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 1,632 sqft
Property
Lot
- Size: 6,185 Square Feet
Details
- Parcel number: 450827308016000004
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1927
Community & HOA
Location
- Region: Gary
Financial & listing details
- Price per square foot: $13/sqft
- Tax assessed value: $11,700
- Annual tax amount: $287
- Date on market: 3/13/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,828/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2026 | Price change | $22,000-12%$13/sqft |
Source: Owner Report a problem | ||
| 3/19/2026 | Price change | $25,000-13.8%$15/sqft |
Source: Owner Report a problem | ||
| 3/13/2026 | Listed for sale | $29,000+5700%$18/sqft |
Source: Owner Report a problem | ||
| 3/15/2022 | Sold | $500-99.3% |
Source: Public Record Report a problem | ||
| 5/9/2007 | Sold | $75,000$46/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $287 +16.9% | $11,700 +2.6% |
| 2023 | $246 +159.5% | $11,400 +18.8% |
| 2022 | $95 -58.4% | $9,600 +159.5% |
| 2021 | $228 +29.6% | $3,700 -58.4% |
| 2020 | $176 -99.6% | $8,900 +1.1% |
| 2019 | $42,873 +10.2% | $8,800 -10.2% |
| 2018 | $38,906 +3034% | $9,800 -1% |
| 2017 | $1,241 | $9,900 -82.9% |
| 2016 | $1,241 -23.6% | $58,000 -16.4% |
| 2014 | $1,624 +7.2% | $69,400 +3% |
| 2013 | $1,515 -2% | $67,400 +1.2% |
| 2012 | $1,545 -2.4% | $66,600 +0.9% |
| 2011 | $1,582 -1.5% | $66,000 +2.6% |
| 2010 | $1,607 | $64,300 -0.8% |
| 2009 | -- | $64,800 +33.9% |
| 2007 | -- | $48,400 +365.4% |
| 2006 | -- | $10,400 |
| 2005 | -- | $10,400 |
Find assessor info on the county website
Climate risks
Neighborhood: University Park
Nearby schools
GreatSchools rating
- 3/10Glen Park AcademyGrades: K-5Distance: 1.1 mi
- 4/10Bailly Preparatory AcademyGrades: 6-8Distance: 0.6 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 5.4 mi
Local experts in 46409
- Indiana
- Lake County
- Gary
- 46409
- University Park
- 4240 Delaware St





