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  • Price cut: $25 (8/13)
    $114,825

    5012 Arthur St, Gary, IN 46408

    3beds
    1,696sqft
    : 
    $830/mo
    Get pre-qualified
    Single Family Residence
    Built in 1956
    0.27 Acres Lot
    $113,900 Zestimate®
    $68/sqft
    $-- HOA

    What's special

    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!
    12 days
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    579
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    27
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    Zillow last checked:

    Listing updated:

    Listed by:

    John Schupp,

    SCHUPP Real Estate 219-696-3596

    Source: NIRA as distributed by MLS GRID,MLS#: 843337MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bonus Room, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 3, Bedroom 2
      Primary bedroom
      • Level: Upper
      • Area: 154
      • Dimensions: 14.0 x 11.0
      Bedroom 2
      • Level: Upper
      • Area: 154
      • Dimensions: 14.0 x 11.0
      Bedroom 3
      • Level: Upper
      • Area: 100
      • Dimensions: 10.0 x 10.0
      Bonus room
      • Level: Lower
      • Area: 420
      • Dimensions: 21.0 x 20.0
      Dining room
      • Level: Main
      • Area: 72
      • Dimensions: 9.0 x 8.0
      Kitchen
      • Level: Main
      • Area: 96
      • Dimensions: 12.0 x 8.0
      Living room
      • Level: Main
      • Area: 240
      • Dimensions: 12.0 x 20.0
      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: None
      • Laundry: Laundry Room
      Features
      • Vaulted Ceiling(s), Country Kitchen
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 1,696
      • Total interior livable area: 1,696 sqft
      • Finished area above ground: 1,058

      Property

      Parking
      • Total spaces: 1.5
      • Parking features: Attached, Garage Faces Front, Off Street
      • Attached garage spaces: 1.5
      Features
      • Levels: Tri-Level
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 0.27 Acres
      • Features: Back Yard
      Details
      • Parcel number: 450832430019000001
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • Fixer
      • New construction: No
      • Year built: 1956

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected, Water Connected, Natural Gas Connected

      Community & HOA

      Community
      • Subdivision: Fern Oaks
      HOA
      • Has HOA: No
      Location
      • Region: Gary

      Financial & listing details

      • Price per square foot: $68/sqft
      • Tax assessed value: $141,100
      • Annual tax amount: $950
      • Date on market: 8/3/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        $113,900

        $108,000 - $120,000

        $1,724/mo

        Price history

        DateEventPrice
        8/13/2026Price change$114,8250%$68/sqft
        Source: NIRA as distributed by MLS GRID #843337 Report a problem
        8/10/2026Price change$114,8500%$68/sqft
        Source: NIRA as distributed by MLS GRID #843337 Report a problem
        8/3/2026Listed for sale$114,875+140.4%$68/sqft
        Source: NIRA as distributed by MLS GRID #843337 Report a problem
        3/27/2026Sold$47,777+6.2%$28/sqft
        Source: Public Record Report a problem
        3/16/2016Listing removed$45,000$27/sqft
        Source: CENTURY 21 Executive Realty #385246 Report a problem
        3/14/2016Pending sale$45,0000%$27/sqft
        Source: CENTURY 21 Executive Realty #385246 Report a problem
        3/11/2016Sold$45,002+0%$27/sqft
        Source: NIRA as distributed by MLS GRID #385246 Report a problem
        12/16/2015Listed for sale$45,000+37.4%$27/sqft
        Source: CENTURY 21 Executive Realty #385246 Report a problem
        9/15/2015Listing removed--
        Source: Auction.com Report a problem
        5/13/2015Listed for sale--
        Source: Auction.com Report a problem
        4/2/2015Sold$32,760-62.7%$19/sqft
        Source: Public Record Report a problem
        4/20/2000Sold$87,900$52/sqft
        Source: NIRA as distributed by MLS GRID #1319 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$950 +7.4%$141,100 +48.5%
        2024$884 +3.5%$95,000 +6.1%
        2023$854 +7.7%$89,500 +5.5%
        2022$793 +23%$84,800 +7.8%
        2021$645 -5.3%$78,700 +9.3%
        2020$681 -9.7%$72,000
        2019$754 +0.4%$72,000 +11.1%
        2018$750 -5.7%$64,800 -1.5%
        2017$796 $65,800 -14.4%
        2016$796 +2.1%$76,900 -10.9%
        2014$780 +15.2%$86,300 +3.2%
        2013$677 -18.7%$83,600 +1.3%
        2012$833 +5.6%$82,500 +0.2%
        2011$788 -2.1%$82,300 +2.6%
        2010$805 $80,200 -17%
        2009-- $96,600 -3.8%
        2007-- $100,400 +38.3%
        2006-- $72,600
        2005-- $72,600
        2004-- $72,600 +112.9%
        2003-- $34,100
        2002-- $34,100 +199.9%
        2001-- $11,370
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Ross

        Getting around

        10 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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