5012 Arthur Street, Gary, IN 46408
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: john schupp
Office: schupp real estate219-696-3596
MLS#:843337
Source:Northwest Indiana AOR as distributed by MLS GRID
5012 Arthur Street,Gary, IN 46408
$114,875
- 3 Beds
- 2 Baths
- 1,696 sq. ft.
- Single family
- Active
Price summary
- Price:$114,875
- Price per sq. ft.:$67.73
About this home
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!...
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Home facts
- Year built:1956
- Subdivision & Development:Fern Oaks
- Listing ID #:843337
- Added:2 day(s) ago
- Updated:August 06, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:7
- Basement:Yes
- Basement Description:No Basement
- Living area:1,696 sq. ft.
Structure and exterior
- Year built:1956
- Building area:1,696 sq. ft.
- Lot area:0.27 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$114,875
- Price per sq. ft.:$67.73
- Tax amount:$950 (2024)
Parking
- Parking description:Attached, Off Street
- Garage:Yes
- Garage spaces:2
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