Great investor opportunity on a single-family residence located just a few blocks from Merrillville, Indiana! Home is between Broadway and Pittman Square Park south of 49th ave.
-3bed/1bath
-1344sqft
-built 1949
-5,053 sqft lot
-Property needs full rehab, no plumbing or electrical
-Some new windows have been installed
WE ALSO OFFER A FLEXIBLE RENT-2-OWN OPTION!!!
This residence has incredible potential and at a fantastic bargain price well below SEVENTY-FIVE 75% of its current market value ($81,600 on Realtor)
---Recent Comparable Sales: ---
*4749 Adams St Gary - 3/1.5, 1500sqft - sold 6/29/2020 - $94,000 - 0.4mi away
*431 W 49th Ave Gary - 3/1.5, 1217sqft - sold 4/15/2020 - $89,600 - 0.5mi away
*1135 E 52nd Ave Merrillville - 3/1.5, 1144sqft - sold 2/27/2020 - $90,000 - 0.7mi away
*5244 Carolina St Merrillville - 3/1, 1312sqft - sold 1/26/2020 - $91,900 - 0.4mi away
*5236 Connecticut St Merrillville - 2/1, 1232sqft - sold 1/10/2020 - $88,500 - 0.2mi away
*431 W 52nd Pl Merrillville - 3/1.5, 1188sqft - sold 11/20/2019 - $92,500 - 0.5mi away
*5245 Adams St Merrillville - 3/1, 1080sqft - sold 11/05/2019 - $65,000 - 0.3mi away
Buyer must have proof of funds. We require $2,500 EMD with Indiana Title Network Co.
Please contact us ASAP as discounted properties (like this one) are sure to go quick.
Thanks for your consideration and look forward to speaking with you!
Sold for $10,000
$10,000
5056 Connecticut St, Gary, IN 46409
3beds
1,344sqft
SingleFamily
Built in 1949
5,053 Square Feet Lot
$98,300 Zestimate®
$7/sqft
$1,508 Estimated rent
Home value
$98,300
$65,000 - $143,000
$1,508/mo
Zestimate® history
Owner options
List your home for rent
$1,508/mo
Rent Zestimate®
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$1,508/mo
Rent Zestimate®
Refinance and save
$50/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$50/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other, Gas
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total interior livable area: 1,344 sqft
Property
Parking
- Parking features: None, Garage
Features
- Exterior features: Wood
Lot
- Size: 5,053 Square Feet
Details
- Parcel number: 450834305021000004
Construction
Type & style
- Home type: SingleFamily
Materials
- Frame
- Roof: Shake / Shingle
Condition
- Year built: 1949
Community & HOA
Location
- Region: Gary
Financial & listing details
- Price per square foot: $7/sqft
- Tax assessed value: $9,100
- Annual tax amount: $216
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2025 | Sold | $10,000-21.3%$7/sqft |
Source: Public Record Report a problem | ||
| 12/27/2020 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/13/2020 | Listed for sale | $12,700+159.2%$9/sqft |
Source: Owner Report a problem | ||
| 11/7/2020 | Listing removed | $500 |
Source: Owner Report a problem | ||
| 11/4/2020 | Listed for rent | $500 |
Source: Owner Report a problem | ||
| 11/8/2019 | Listing removed | $4,900$4/sqft |
Source: McColly Real Estate #451549 Report a problem | ||
| 10/10/2019 | Price change | $4,900-18.3%$4/sqft |
Source: McColly Real Estate #451549 Report a problem | ||
| 4/1/2019 | Listed for sale | $6,000+1900%$4/sqft |
Source: McColly Real Estate #451549 Report a problem | ||
| 1/16/2015 | Sold | $300 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $216 -2.8% | $9,100 +5.8% |
| 2024 | $222 +18.7% | $8,600 -2.3% |
| 2023 | $187 +7.3% | $8,800 +20.5% |
| 2022 | $174 +0% | $7,300 +7.4% |
| 2021 | $174 +28.1% | $6,800 |
| 2020 | $136 -48.5% | $6,800 |
| 2019 | $264 -1.1% | $6,800 -9.3% |
| 2018 | $267 +45.7% | $7,500 |
| 2017 | $183 | $7,500 -2.6% |
| 2016 | $183 -16.6% | $7,700 -18.1% |
| 2014 | $220 +5.3% | $9,400 +1.1% |
| 2013 | $209 -3.2% | $9,300 |
| 2012 | $216 -29.7% | $9,300 -27.3% |
| 2011 | $307 -4.8% | $12,800 -0.8% |
| 2010 | $322 | $12,900 +4% |
| 2009 | -- | $12,400 +20.4% |
| 2007 | -- | $10,300 -44.9% |
| 2006 | -- | $18,700 |
| 2005 | -- | $18,700 |
Find assessor info on the county website
Neighborhood: University Park
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Nearby schools
GreatSchools rating
- 3/10Glen Park AcademyGrades: K-5Distance: 0.4 mi
- 3/10Bailly Preparatory AcademyGrades: 6-8Distance: 0.7 mi
- 2/10West Side Leadership AcademyGrades: 9-12Distance: 6 mi
- Indiana
- Lake County
- Gary
- 46409
- University Park
- 5056 Connecticut St