Active

Price cut: $5K (8/21)

$174,900

5925 Forest Ave, Gary, IN 46403

3beds

1,041sqft

$1,242/mo

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Single Family Residence

Built in 1942

9,583 Square Feet Lot

$168,900 Zestimate^®

$168/sqft

$-- HOA

What's special

Great opportunity in Gary's 46403 area, just a few blocks from the beach and only a short walk away. This property offers the potential to become a four-bedroom, two-and-a-half-bath home and is ideal for a handy homeowner looking to build equity or an investor searching for their next value-add property. Property is being sold as-is.

16 days

410

15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bedroom 2, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 3

Primary bedroom

Level: Main
Area: 130
Dimensions: 13.0 x 10.0

Bedroom 2

Level: Main
Area: 132
Dimensions: 12.0 x 11.0

Bedroom 3

Level: Basement
Area: 100
Dimensions: 10.0 x 10.0

Dining room

Level: Main
Area: 126
Dimensions: 14.0 x 9.0

Kitchen

Level: Main
Area: 63
Dimensions: 9.0 x 7.0

Living room

Level: Main
Area: 270
Dimensions: 18.0 x 15.0

Heating

None

Appliances

Included: None

Features

None
Basement: Unfinished
Has fireplace: No

Interior area

Total structure area: 1,041
Total interior livable area: 1,041 sqft
Finished area above ground: 1,041

Property

Features

Levels: One
Has view: Yes
View description: Neighborhood

Lot

Size: 9,583 Square Feet
Features: Back Yard, Front Yard

Details

Parcel number: 450531405002000004
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1942

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Johnson-Kennedy Estates

HOA

Has HOA: No

Location

Region: Gary

Financial & listing details

Price per square foot: $168/sqft
Tax assessed value: $66,800
Annual tax amount: $1,750
Date on market: 8/7/2026
Listing agreement: Exclusive Agency
Listing terms: Cash,Conventional

Estimated market value

$168,900

$160,000 - $177,000

$1,686/mo

Price history

Date	Event	Price
8/21/2026	Price change	$174,900-2.8%$168/sqft
Source: NIRA as distributed by MLS GRID #843563 Report a problem
8/7/2026	Listed for sale	$179,900$173/sqft
Source: NIRA as distributed by MLS GRID #843563 Report a problem
8/6/2026	Listing removed	$179,900$173/sqft
Source: NIRA as distributed by MLS GRID #842651 Report a problem
8/5/2026	Price change	$179,900-2.7%$173/sqft
Source: NIRA as distributed by MLS GRID #842651 Report a problem
7/28/2026	Price change	$184,900-2.6%$178/sqft
Source: NIRA as distributed by MLS GRID #842651 Report a problem
7/21/2026	Listed for sale	$189,900+1165.9%$182/sqft
Source: NIRA as distributed by MLS GRID #842651 Report a problem
5/19/2017	Sold	$15,001$14/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,661 -1%	$66,800 +0.9%
2024	$1,677 +85.9%	$66,200 -8.6%
2023	$902 +1.2%	$72,400 +106.3%
2022	$892 0%	$35,100 +1.2%
2021	$892 +28%	$34,700
2020	$697 -51.6%	$34,700
2019	$1,439 -77.5%	$34,700 -46.4%
2018	$6,390 +370.8%	$64,700 -0.5%
2017	$1,357	$65,000 +2.7%
2016	$1,357 -31%	$63,300 -24.5%
2014	$1,966 +6.2%	$83,800 +1.9%
2013	$1,852 -5.9%	$82,200 -3.1%
2012	$1,968 +2.1%	$84,800 +5.5%
2011	$1,928 -4%	$80,400
2010	$2,009	$80,400 -12%
2009	--	$91,400 +21.2%
2007	--	$75,400 +1.5%
2006	--	$74,300
2005	--	$74,300
2004	--	$74,300 +364.4%
2003	--	$16,000
2002	--	$16,000 +200.2%
2001	--	$5,330