5012 Arthur Street

Gary, IN
$ 104,975 Beds 3 Baths 1.5 Sq 1,696
Monthly Estimate* How much can I afford?

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!

Active

  • Price
  • $ 104,975
  • City
  • Gary
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • LAKE
  • Half Bathrooms
  • 1
  • Area
  • Gary
  • Lot Size
  • 0.269 Acres
  • Zip
  • 46408
  • Sqr Footage
  • 1,696
  • Year Built
  • 1956
  • Taxes
  • $ 950
  • Style
  • Single Family Residence
  • MLS#
  • 843337
Listed By: John Schupp with SCHUPP Real Estate - (219) 696-3596;
Data Source: Northwest Indiana REALTOR® Association (NIRA)

Features

General

Sewer Septic Tank
Heating Forced Air,Natural Gas
Utilities Electricity Connected,Water Connected,Natural Gas Connected
Appliances None
Garage Spaces 1.5
Year Built 1956
Electric 100 Amp Service
View Neighborhood
Township Calumet
Levels Tri-Level
Property Subtype Single Family Residence
Tax Year 2024
County Lake
New Construction No
Property Type Residential
HOA No
Subdivision Name Fern Oaks
Garage Y/N Yes
Total Rooms 7
Full Baths 1
Status Active
Directions Cleveland St to W. 50th Ave,East to Arthur St,North to Home
City Gary
Lot Size Square Feet 11718
Listing Terms Cash,Conventional
Property Attached Y/N No
Tax Annual Amount 950
Property Condition Fixer
Standard Status Active
Legal Description FERN OAKS ALL L.24 BL.E ALL L.25 BL.E

Interior Features

Interior Amenities Vaulted Ceiling(s),Country Kitchen
Fireplace Y/N No
Above Grade Finished Area 1058
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 3
Room Type Bonus Room,Primary Bedroom,Living Room,Kitchen,Dining Room,Bedroom 3,Bedroom 2
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Parking Features Attached,Garage Faces Front,Off Street
Lot Features Back Yard
Water Source Public
Lot Size Acres 0.269
Lot Size Source Assessor
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Crown Point, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/3/2026 Listed $114,875
8/10/2026 1% - $114,850
8/13/2026 1% - $114,825
8/17/2026 1% - $114,800
8/31/2026 1% - $114,775
9/8/2026 1% - $114,750
9/14/2026 1% - $114,725
9/16/2026 9% - $104,975

Property vs Zip Code Average in 46408

Price
AVG $160K
$100K
Taxes
AVG $1,438
$950
Year Built
AVG 1941
1956
Visits
AVG 71
23
Data Provided by Inside Real Estate®

5012 Arthur Street Gary, IN is a Single Family Home for sale at $104975 with 1696 sqft and a lot size of 0.269 Acres Acre(s). 5012 Arthur Street Gary has 3 bedrooms, 1 baths and was built in 1956. The property's zip code is 46408 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.