251 Polk St Gary, IN 46402
Downtown Gary NeighborhoodEstimated payment $439/month
Highlights
- No HOA
- Water Softener is Owned
- Forced Air Heating System
- Balcony
About This Home
NOW ACCEPTING SHOWINGS! Investor's Dream in Gary, Indiana! Welcome to 251 Polk Street, a solid duplex with tons of potential! Currently owner-occupied, this property already has the essentials covered -- featuring a newer roof, furnace, and water heater, so you can skip the costly repairs and focus on cosmetic updates. Each unit offers 2 spacious bedrooms and 1 full bathroom, along with an open-concept living, dining, and kitchen area that's perfect for modern living. With a little remodeling, this property could easily become a high-performing income generator or a great house hack opportunity for someone looking to live in one unit and rent the other. This is your chance to grab a property with great bones, strong rental potential, and minimal upfront investment -- don't miss out on this hidden gem in Gary!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $528
Year Built
- Built in 1924
Interior Spaces
- 1,672 Sq Ft Home
- 2-Story Property
- Microwave
- Dryer
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Water Softener is Owned
Additional Features
- Balcony
- 3,920 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 450804128012000004
Community Details
Overview
- No Home Owners Association
- 2 Units
- Neighborhood 2527 Subdivision
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,588 | $62,900 | $5,900 | $57,000 |
| 2023 | $387 | $40,700 | $5,300 | $35,400 |
| 2021 | $387 | $36,600 | $3,100 | $33,500 |
| 2020 | $370 | $35,300 | $3,100 | $32,200 |
| 2019 | $642 | $38,300 | $3,400 | $34,900 |
| 2018 | $599 | $41,700 | $3,700 | $38,000 |
| 2017 | $465 | $42,200 | $3,700 | $38,500 |
| 2016 | $480 | $44,000 | $3,700 | $40,300 |
| 2014 | $85 | $54,200 | $4,300 | $49,900 |
| 2013 | $65 | $52,800 | $4,300 | $48,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | Pending | -- | -- | -- |
| 11/17/2025 11/17/25 | Price Changed | $75,000 | -11.8% | $45 / Sq Ft |
| 11/06/2025 11/06/25 | Price Changed | $84,999 | 0.0% | $51 / Sq Ft |
| 11/02/2025 11/02/25 | For Sale | $85,000 | -- | $51 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 830253
APN: 45-08-04-128-012.000-004
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.
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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