NOT LISTED FOR SALE

1040 Polk St Gary, IN 46402

Midtown Neighborhood

Estimated Value: $40,000 - $59,000

2 Beds
2 Baths
1,560 Sq Ft
$32/Sq Ft Est. Value

Last Sold January 11, 2022

Last sale price $5,500 $4 Per Sq Ft

Est. 814% increase in value since last sale

Current estimated payment $326/month

129 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1-Story Property
  • Corner Lot
  • 2 Car Detached Garage

About This Home

As of January 2022

Investors start here or add this one to your portfolio. This home is said to have good bones and sits on an extra large lot. Home and garage are all brick. Come check this one out with your agent. Lots of potential for the right investor / rehabber. Please due your diligence before writing your offer.

Last Agent to Sell the Property

Frank Lopez

eXp Realty, LLC License #RB14045859 Listed on: 08/03/2021

eXp Realty, LLC

Last Buyer's Agent

Frank Lopez

eXp Realty, LLC License #RB14045859 Listed on: 08/03/2021

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 6,839 Sq Ft Lot
  • Lot Dimensions are 62x110
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper
  • Brick Foundation

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Heating

Community Details

  • No Home Owners Association
  • Gary Land Companys 11 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 450809130010000004

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1927
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot, Level, Paved
  • Road Surface Type: Paved
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA1768
  • Subdivision Name: Gary Land Companys 11
  • Above Grade Finished Sq Ft: 780
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement: Interior Entry
  • Flooring: Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 780
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.157
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Heating: None
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Association: No

Lot Info

  • Lot Dimensions: 62x110
  • Lot Size Sq Ft: 6839
  • Parcel #: 450809130010000004

Tax Info

  • Year: 2020
  • Tax Annual Amount: 586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2024
Sold by
Robinson Siequandra
Bought by
Mds Holdings Llc
Current Estimated Value
$50,283

Purchase Details

Listed on
Aug 3, 2021
Closed on
Jan 12, 2022
Sold by
Melvinah Abu-Rumman
Bought by
Robinson Sicquandra
Seller's Agent
Frank Lopez
eXp Realty, LLC
Buyer's Agent
Frank Lopez
eXp Realty, LLC
List Price
$5,500
Sold Price
$5,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
87.55%

Purchase Details

Listed on
Aug 3, 2021
Closed on
Jan 11, 2022
Sold by
Melvinah Abu-Rumman
Bought by
Robinson Sicquandra
Seller's Agent
Frank Lopez
eXp Realty, LLC
Buyer's Agent
Frank Lopez
eXp Realty, LLC
List Price
$5,500
Sold Price
$5,500

Purchase Details

Closed on
Mar 22, 2021
Sold by
Ross Kelsey
Bought by
Abu Rumman Melvinath

Purchase Details

Closed on
Feb 11, 2021
Sold by
Virgil Jamila
Bought by
Ross Kelsey

Purchase Details

Closed on
Sep 26, 2019
Sold by
Coutny Of Lake
Bought by
Virgil Jamila

Purchase Details

Closed on
Jul 13, 2018
Sold by
Ekbn Lv Inc and Kralik Edward
Bought by
Gurdial Shradanand

Purchase Details

Closed on
May 21, 2018
Sold by
Paladin Homes Llc
Bought by
Ekbn Lv Inc

Purchase Details

Closed on
Apr 9, 2018
Sold by
Ibat Holdings In Llc
Bought by
Paladin Homes Llc

Purchase Details

Closed on
Dec 21, 2017
Sold by
Reo Logic Indiana Holdingsllc
Bought by
Ibat Holdings In Llc

Purchase Details

Closed on
Jul 7, 2015
Sold by
Micou Cordale and Micou Alesa
Bought by
Us Bank and Tlcf 2012A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.97%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mds Holdings Llc $33,000 Chicago Title
Robinson Sicquandra -- Greater Indiana Title Company
Robinson Sicquandra -- Greater Indiana Title Company
Abu Rumman Melvinath $7,900 None Available
Ross Kelsey -- None Available
Virgil Jamila $1,700 None Available
Gurdial Shradanand -- None Available
Ekbn Lv Inc $4,050 None Available
Paladin Homes Llc $1,215 None Available
Ibat Holdings In Llc -- None Available
Us Bank $2,360 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reo Logic -Indiana Holdings Llc $10,000,000
Previous Owner Micou Cordale $15,749
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2022 01/11/22 Sold $5,500 0.0% $4 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $5,500 -- $4 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,860 $19,600 $7,400 $12,200
2023 $532 $21,100 $9,200 $11,900
2022 $354 $13,800 $3,600 $10,200
2021 $609 $23,200 $3,600 $19,600
2020 $586 $22,300 $3,600 $18,700
2019 $1,008 $23,800 $3,600 $20,200
2018 $1,049 $29,500 $3,600 $25,900
2017 $676 $29,200 $3,600 $25,600
2016 $696 $30,500 $3,600 $26,900
2014 $945 $40,400 $4,300 $36,100
2013 $874 $38,900 $4,300 $34,600
Source: Public Records

Agents Affiliated with this Home

  • Frank Lopez

    Seller's Agent in 2022

    Frank Lopez

    eXp Realty, LLC

    (219) 629-9299

    1 in this area

    55 Total Sales

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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 498114

Northwest Indiana Association of REALTORS®

APN: 45-08-09-130-010.000-004

Indiana Lake County Gary 46402 Midtown

1040 Polk St, Gary, IN

This home is located at 1040 Polk St, Gary, IN 46402 since 03 August 2021 and is currently estimated at $50,283, approximately $32 per square foot. This property was built in 1927. 1040 Polk St is a home located in Lake County with nearby schools including Beveridge Elementary School, Gary Middle School, and West Side Leadership Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. 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 is deemed reliable but not guaranteed.

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