NOW ACCEPTING SHOWINGS! Investor's Dream in Gary, Indiana! Welcome to 251 Polk Street, a solid duplex with tons of potential! Currently owner-occupied, this property already has the essentials covered -- featuring a newer roof, furnace, and water heater, so you can skip the costly repairs and focus on cosmetic updates. Each unit offers 2 spacious bedrooms and 1 full bathroom, along with an open-concept living, dining, and kitchen area that's perfect for modern living. With a little remodeling, this property could easily become a high-performing income generator or a great house hack opportunity for someone looking to live in one unit and rent the other. This is your chance to grab a property with great bones, strong rental potential, and minimal upfront investment -- don't miss out on this hidden gem in Gary!
Closed
$72,500
251 Polk St, Gary, IN 46402
4beds
--sqft
Duplex
Built in 1924
-- sqft lot
$74,300 Zestimate®
$--/sqft
$1,339 Estimated rent
Home value
$74,300
$68,000 - $81,000
$1,339/mo
Zestimate® history
Owner options
List your home for rent
$1,339/mo
Rent Zestimate®
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$1,339/mo
Rent Zestimate®
Refinance and save
$366/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$366/mo
Est. payment
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Newer roof
Zillow last checked:
Listing updated:
Listed by:
Mia James,
Integrity Realty Partners 219-501-0404
Bought with:
Anthony Sobczak, RB14042284
VIA Realty
Source: NIRA as distributed by MLS GRID,MLS#: 830253
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Dryer, Water Softener Owned, Refrigerator, Range, Microwave
Features
- None
- Has fireplace: No
Interior area
- Finished area above ground: 1,672
Property
Features
- Levels: Two
Lot
- Size: 3,920 sqft
- Features: Private
Details
- Parcel number: 450804128012000004
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Gary
- Subdivision: Neighborhood- 2527
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Sold | $72,500-3.3% |
Source:  NIRA as distributed by MLS GRID #830253 Report a problem | ||
| 11/21/2025 | Pending sale | $75,000 |
Source: NIRA as distributed by MLS GRID #830253 Report a problem | ||
| 11/17/2025 | Price change | $75,000-11.8% |
Source: NIRA as distributed by MLS GRID #830253 Report a problem | ||
| 11/6/2025 | Price change | $84,9990% |
Source: NIRA as distributed by MLS GRID #830253 Report a problem | ||
| 11/2/2025 | Listed for sale | $85,000 |
Source: NIRA as distributed by MLS GRID #830253 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $528 | $77,000 +22.4% |
| 2024 | -- | $62,900 +54.5% |
| 2023 | -- | $40,700 +3% |
| 2022 | $387 +4.4% | $39,500 +7.9% |
| 2021 | $370 +6.4% | $36,600 +3.7% |
| 2020 | $348 -78.1% | $35,300 -7.8% |
| 2019 | $1,590 +60.2% | $38,300 -8.2% |
| 2018 | $993 +917.4% | $41,700 -1.2% |
| 2017 | $98 | $42,200 -4.1% |
| 2016 | $98 +14.9% | $44,000 -18.8% |
| 2014 | $85 +31.5% | $54,200 +2.7% |
| 2013 | $65 +2.3% | $52,800 +1.5% |
| 2012 | $63 -86.1% | $52,000 +17.4% |
| 2011 | $455 -20.9% | $44,300 -16.4% |
| 2010 | $575 | $53,000 -6.2% |
| 2009 | -- | $56,500 +25.3% |
| 2007 | -- | $45,100 +116.8% |
| 2006 | -- | $20,800 |
| 2005 | -- | $20,800 |
| 2004 | -- | $20,800 +70.5% |
| 2003 | -- | $12,200 |
| 2002 | -- | $12,200 +199.8% |
| 2001 | -- | $4,070 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 1.3 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5.4 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 3.2 mi
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- Indiana
- Lake County
- Gary
- 46402
- Downtown
- 251 Polk St
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