Ranch style home for sale! 2 bedroom, 1 bath with a basement needs minor updating. Great investment opportunity! Estimated after repair value is 70-80k and estimated rent would be $1,000-1,200 netting you a 27% Cap Rate. Call for more information.Schedule your showing today!
Closed
$27,500
2581 Jefferson St, Gary, IN 46407
2beds
1,280sqft
Single Family Residence
Built in 1947
3,005.64 Square Feet Lot
$40,800 Zestimate®
$21/sqft
$1,283 Estimated rent
Home value
$40,800
$31,000 - $55,000
$1,283/mo
Zestimate® history
Owner options
List your home for rent
$1,283/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,283/mo
Rent Zestimate®
Refinance and save
$139/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$139/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Ranch style home
Zillow last checked:
Listing updated:
Listed by:
Jeff McCormick,
McCormick Real Estate, Inc. 219-663-9300,
Trinity McCormick,
McCormick Real Estate, Inc.
Bought with:
Jeff McCormick, RB14033291
McCormick Real Estate, Inc.
Source: NIRA as distributed by MLS GRID,MLS#: 537581
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Area: 169
- Dimensions: 13 x 13
Bedroom 2
- Area: 169
- Dimensions: 13 x 13
Bathroom
- Description: Full
Kitchen
- Area: 182
- Dimensions: 14 x 13
Living room
- Area: 240
- Dimensions: 16 x 15
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator
Features
- None
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 1,280
- Total interior livable area: 1,280 sqft
- Finished area above ground: 640
Property
Parking
- Parking features: None
Features
- Levels: One
- Exterior features: None
- Frontage length: 25
Lot
- Size: 3,005 sqft
- Dimensions: 25 x 121
- Features: Level, Paved
Details
- Parcel number: 450816427016000004
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Gary
- Subdivision: 2nd Oak Park
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2023 | Sold | $27,500-30.4%$21/sqft |
Source:  NIRA as distributed by MLS GRID #537581 Report a problem | ||
| 10/20/2023 | Price change | $39,500-12.2%$31/sqft |
Source: NIRA as distributed by MLS GRID #537581 Report a problem | ||
| 9/25/2023 | Price change | $45,000-13.5%$35/sqft |
Source: NIRA as distributed by MLS GRID #537581 Report a problem | ||
| 9/14/2023 | Price change | $52,000-16.1%$41/sqft |
Source: NIRA as distributed by MLS GRID #537581 Report a problem | ||
| 9/2/2023 | Price change | $62,000-6.6%$48/sqft |
Source: NIRA as distributed by MLS GRID #537581 Report a problem | ||
| 8/29/2023 | Price change | $66,400-5%$52/sqft |
Source: NIRA as distributed by MLS GRID #537581 Report a problem | ||
| 7/17/2023 | Listed for sale | $69,900+323.6%$55/sqft |
Source: NIRA as distributed by MLS GRID #533339 Report a problem | ||
| 9/27/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/22/2022 | Listed for rent | $875$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/16/2021 | Sold | $16,500-17.1%$13/sqft |
Source: NIRA as distributed by MLS GRID #487575 Report a problem | ||
| 5/5/2021 | Price change | $19,900-16.7%$16/sqft |
Source: NIRA as distributed by MLS GRID #487575 Report a problem | ||
| 1/23/2021 | Listed for sale | $23,900+4680%$19/sqft |
Source: NIRA as distributed by MLS GRID #487575 Report a problem | ||
| 10/26/2020 | Sold | $500+66.7% |
Source: Public Record Report a problem | ||
| 6/12/2015 | Sold | $300 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $793 +27.8% | $34,600 +9.5% |
| 2024 | $620 +22.3% | $31,600 +28.5% |
| 2023 | $507 +7.6% | $24,600 +24.2% |
| 2022 | $471 +4.5% | $19,800 +7.6% |
| 2021 | $451 +18.7% | $18,400 +4.5% |
| 2020 | $380 -91.7% | $17,600 -7.4% |
| 2019 | $4,573 +31.8% | $19,000 -20.2% |
| 2018 | $3,468 +545.3% | $23,800 -12.8% |
| 2017 | $537 | $27,300 -4.2% |
| 2016 | $537 -19.1% | $28,500 +0.4% |
| 2014 | $665 +7.9% | $28,400 +3.6% |
| 2013 | $616 -4.2% | $27,400 -1.1% |
| 2012 | $643 +5.1% | $27,700 +8.6% |
| 2011 | $611 -5.9% | $25,500 -1.9% |
| 2010 | $650 | $26,000 +16.1% |
| 2009 | -- | $22,400 +7.7% |
| 2007 | -- | $20,800 +80.9% |
| 2006 | -- | $11,500 |
| 2005 | -- | $11,500 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 1.7 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5.5 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 3.9 mi
- Indiana
- Lake County
- Gary
- 46407
- Midtown
- 2581 Jefferson St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Gary Topics
