1622 Ohio St · Gary, IN 46407

$100,000

3 bd · 1.0 ba · 736 sqft · SingleFamily public records · 81 Days on market

Built 1957 4,356 sqft lot $136/sqft · 91% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Appreciation +5.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0

Listing remarks MLS

This home is a must see! With 3 bedrooms and 1 bath, this house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. This owner is offering all 8 income generating properties in their portfolio as a single package deal, creating a rare chance to acquire immediate cash flow, established tenants, and built in scale from day one. Perfect for investors looking to expand rapidly, streamline management, or secure a high performing rental portfolio in one transaction. This property does not have to be sold as a package it can be sold as a single sale. Don't miss out on this opportunity - contact us today to book your viewing!

Key facts

• Fully remodeled
• Smart locks
• Modern updates

Tags

• FULLY REMODELED
• MODERN UPDATES
• NEW WINDOWS
• UPDATED MODERN KITCHEN
• HAMPTON BAY CEILING FANS
• SMART LOCKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#105 in IN) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment F.
• Gary Community School Corporation (urban): math 3% / reading 11% proficiency, ranked #299 of 301 in IN (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 122 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• At $1,267/mo this rent would consume 53% of the median local household income ($29k/yr) (locally 392% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($691 loan paydown + $980 appreciation (1.0% local appreciation)).
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $30k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $94,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.64%
• Cash-on-cash: 15.52%
• DSCR: 1.69
• GRM: 6.6

CMA / ARV

• ARV (median comp): $52,234
• List price: $100,000
• Delta: 91.44%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1824 Central Dr	0.36mi	2/1.0 (-1)	725 (-2%)	2mo	$101,000	$139	74
1819 Illinois St	0.30mi	2/1.0 (-1)	725 (-2%)	11mo	$55,000	$76	70
1954 Central Dr	0.47mi	3/1.0	825 (+12%)	2mo	$128,000	$155	56
2131 Kentucky St	0.47mi	3/1.0	804 (+9%)	9mo	$20,000	$25	55
2237 E 19th Pl	0.66mi	2/1.0 (-1)	725 (-2%)	12mo	$83,000	$114	52
2042 Mississippi St	0.41mi	3/1.0	836 (+14%)	8mo	$144,001	$172	51
2224 E 20th Ave	0.70mi	2/1.0 (-1)	780 (+6%)	2mo	$10,000	$13	50
2204 Central Dr	0.62mi	2/1.0 (-1)	775 (+5%)	8mo	$70,000	$90	50
2244 Kentucky St	0.63mi	2/1.0 (-1)	672 (-9%)	4mo	$16,000	$24	48
2216 E 21st Ave	0.73mi	2/1.0 (-1)	780 (+6%)	4mo	$12,000	$15	48
772 Ohio St	0.73mi	2/1.0 (-1)	693 (-6%)	7mo	$17,000	$25	45
2254 Tennessee St	0.63mi	2/1.0 (-1)	672 (-9%)	11mo	$17,500	$26	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.4%
• Equity multiple: 1.89×
• Total profit: $24,818
• Equity at exit: $34,032

10-year hold

• IRR: 20.7%
• Equity multiple: 3.50×
• Total profit: $69,909
• Equity at exit: $45,144

Cash invested: $28,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46407

• Home prices YoY: 0.4%
• Active inventory: 122
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,267 high
• Mortgage (P&I): −$524
• Tax from tax record: −$73 /mo · $875/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $362

Break-even live

Break-even rent $809

Max offer price $100,000

Occupancy floor 66%

Sensitivity live

Price	-10% $419	-5% $390	+0% $362	+5% $334	+10% $305
Rent	-10% $262	-5% $312	+0% $362	+5% $412	+10% $462
Rate	-1.0pp $412	-0.5pp $388	base $362	+0.5pp $336	+1.0pp $310

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1843 Illinois St Gary, IN	2.0	1.0	725	$1,200	$1.66	18d	1	0.32mi
1316 Delaware St Unit 2 Gary, IN	2.0	1.0	700	$950	$1.36	22d	1	0.60mi
2355 Rhode Island St Gary, IN	2.0	1.0	701	$1,095	$1.56	45d	1	0.75mi
2453 Prospect St Gary, IN	2.0	1.0	704	$1,095	$1.56	0d	1	0.89mi
2378 Jackson St Gary, IN	2.0	1.0	672	$1,050	$1.56	0d	1	1.35mi
501 Madison St Gary, IN	1.0–4.0	1.0	883	$1,362	$1.54	0d	11	1.49mi

Listing history 30 events

1. 2026-06-21
   days on market $100,000 Active 81 DOM
2. 2026-06-18
   days on market $100,000 Active 78 DOM
3. 2026-06-17
   days on market $100,000 Active 77 DOM
4. 2026-06-16
   days on market $100,000 Active 76 DOM
5. 2026-06-15
   days on market $100,000 Active 75 DOM
6. 2026-06-13
   days on market $100,000 Active 73 DOM
7. 2026-06-13
   days on market $100,000 Active 72 DOM
8. 2026-06-10
   price $100,000 Active 69 DOM
9. 2026-06-09
   days on market $109,500 Active 69 DOM
10. 2026-06-08
    days on market $109,500 Active 68 DOM
11. 2026-06-07
    pricedays on market $109,500 Active 67 DOM
12. 2026-06-04
    days on market $129,500 Active 64 DOM
13. 2026-06-03
    days on market $129,500 Active 63 DOM
14. 2026-06-02
    days on market $129,500 Active 62 DOM
15. 2026-06-01
    days on market $129,500 Active 61 DOM
16. 2026-05-31
    days on market $129,500 Active 60 DOM
17. 2026-04-01
    listed $129,500 Active 1160-char remark

    Show marketing remark (1160 chars)

    This home is a must see! With 3 bedrooms and 1 bath, this house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. This owner is offering all 8 income generating properties in their portfolio as a single package deal, creating a rare chance to acquire immediate cash flow, established tenants, and built in scale from day one. Perfect for investors looking to expand rapidly, streamline management, or secure a high performing rental portfolio in one transaction. This property does not have to be sold as a package it can be sold as a single sale. Don't miss out on this opportunity - contact us today to book your viewing!

18. 2024-10-10
    soldstatus $70,000 Closed 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

19. 2024-08-21
    historical Active Under Contract 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

20. 2024-08-21
    status Pending 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

21. 2024-08-14
    status Active 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

22. 2024-07-26
    status Pending 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

23. 2024-05-07
    status Active 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

24. 2024-03-24
    historical Active Under Contract 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

25. 2024-03-04
    status Active 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

26. 2024-02-29
    status Pending 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

27. 2024-02-16
    historical Active Under Contract 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

28. 2024-01-31
    status Active 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

29. 2023-03-06
    historical 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

30. 2023-02-27
    listed $80,000 Active 956-char remark

    Show marketing remark (956 chars)

    Welcome to 1622 Ohio Street! This Gary, IN home is a must see! With 3 bedrooms and 1 bath, this 736 sqft house has been fully remodeled and is ready for you to move in. Enjoy all the modern updates including new windows, freshly painted interior, new light fixtures and flooring throughout the main floor, and a completely updated modern kitchen with new cabinets. Other features include Hampton Bay ceiling fans in all bedrooms, smart locks, and a Ring motion sensor floodlight for added security. The exterior vinyl siding will be power washed, and the cement block base will be repainted before you move in. Plumbing and electrical were updated in 2022 along with a new furnace and hot water heater. With all these updates, this property is perfect for those looking for an easy transition into their new home or for a tenant ready investment property to add to your portfolio. Don't miss out on this opportunity - contact us today to book your viewing!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $875 · $73/mo
• Projected year-2 tax: $875 · $73/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,207
• − Mortgage interest: −$5,602
• − Property taxes: −$875
• − Insurance: −$500
• − Repairs & maintenance: −$1,217
• − Management: −$1,217
• − Depreciation: −$2,909
• Taxable income: $2,887
• Est. tax owed @ 24.0%: −$693
• After-tax cash flow: $3,652/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Gary Community School Corporation
• NCES district ID: 1803870
• Math proficiency: 3% ▼ -10.00%
• Reading proficiency: 11% ▼ -6.00%
• Median HH income: $27,739
• Composite: 4.98/100
• National rank: #10039
• State rank: #299 of 301 in IN

Livability — Gary

• Score: 73/100
• State rank: #105
• US rank: #5592

Category grades

Amenities C+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gary, IN
• County: Lake County · 422,878 people
• City population: 63,701
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 8,577
• Household income: $28,526
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 392.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 484,026 people
• By 2030: 478,091 · -1.2%
• By 2040: 462,974 · -4.3%
• By 2050: 449,894 · -7.1%
• By 2075: 436,169 · -9.9%
• By 2100: 426,607 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 3% White 2% Two or more races 1%
• Common ancestry: Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 1% Russian/Polish/Slavic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Lake

• 2024 margin: Lean D (+5.6) · D 52.1% · R 46.5% · Other 1.5%
• 2008→2024 swing: -28.6pp toward R · 2008: 34.3pp · 2024: 5.6pp
• All cycles: 2024: D+5.6 2020: D+15.1 2016: D+20.6 2012: D+31.0 2008: D+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.98%
• Current HPI: 253.2856
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+61.9% since first listed

14 events — show timeline

• 2026-04-01 Listed $129,500 NIRA MLS as Distributed by MLS Grid
• 2024-10-10 Sold (MLS) $70,000 NIRA MLS as Distributed by MLS Grid
• 2024-08-21 Contingent — NIRA MLS as Distributed by MLS Grid
• 2024-08-21 Pending — NIRA MLS as Distributed by MLS Grid
• 2024-08-14 Relisted — NIRA MLS as Distributed by MLS Grid
• 2024-07-26 Pending — NIRA MLS as Distributed by MLS Grid
• 2024-05-07 Relisted — NIRA MLS as Distributed by MLS Grid
• 2024-03-24 Contingent — NIRA MLS as Distributed by MLS Grid
• 2024-03-04 Relisted — NIRA MLS as Distributed by MLS Grid
• 2024-02-29 Pending — NIRA MLS as Distributed by MLS Grid
• 2024-02-16 Contingent — NIRA MLS as Distributed by MLS Grid
• 2024-01-31 Relisted — NIRA MLS as Distributed by MLS Grid
• 2023-03-06 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2023-02-27 Listed $80,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+39.8%/yr

Latest (2024): $875 · +6.2% YoY. Source: county tax records.