Price Reduction
Address
5012 Arthur Street, Gary, IN
Price
$ 104,975
Property Attributes
- MLS#843337
- TypeSingle Family
- Listing Status Active
- CountyLAKE
- CityGary
- AreaGary
- NeighborhoodFern Oaks
- Zip46408
- StyleSingle Family Residence
- Year Built1956
- Taxes$ 950
- Price$ 104,975
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1696
- Lot Size0.269 Acres
Data Source:
Northwest Indiana REALTOR® Association (NIRA)
Property Description
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!
| 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 |
General Features
| 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
Property vs Single Family Average in 46408
Price
Taxes
Year Built
Visits
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 22, 2026 1:12 PM UTC
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 22, 2026 1:22 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
