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$79,999 $9,801on 10/16/2024

2638 Colfax Street Gary, IN  46406

  • 6 Beds
  • 2 Baths
  • 1,840 sq. Ft

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Property Description for 2638 Colfax Street Gary, IN 46406

MAJOR PRICE REDUCTION! Excellent investment opportunity! This property offers 2 RENTALS! EACH UNIT HAS 2 Bedroom 1 Bath with tons of potential! There is an additional building that was a home on the lot that could be renovated. Located on OVER a HALF ACRE this home is within MINUTES of DOWNTOWN CHICAGO.

Address:2638 Colfax Street Gary IN 46406
Status:Active
on site: 417 days
Price:$79,999
Bedrooms:6 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,840
Year Built:1938
Lot Size:0.48
County: Lake
Township: Calumet
MLS #:539590
Property Type:Single Family Residence

Lot Dimensions:IRREG
Directions:RIDGE ROAD TO COLFAX TURN NORTH TO 94 OVERPASS HOME DIRECTLY ON LEFT AFTER HIGHWAY.
Total Sq. Ft. :1,840

Loan Price
$450
Price And Interest $417/month
Property Tax $0/month
MTG INS $0/month
HOME INS $33/month
Price
$79,999
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$396 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
01/19/24 $89,800 $79,999 -10.91%
12/18/23 $89,900 $89,800 -0.11%
12/04/23 $119,900 $89,900 -25.02%
10/17/23 $129,900 $119,900 -7.7%
10/02/23 $65,000 $129,900 99.85%

RoomSizeLevel
Living Room Info Not Available
Kitchen Info Not Available
Primary Bedroom Info Not Available
Bedroom 2 Info Not Available
Bedroom 3 Info Not Available
Laundry Info Not Available
Bedroom 5 Info Not Available
Bedroom 5 Info Not Available
Other Info Not Available
Dining Room 10.00 Info Not Available

Tax Year:2022
Mandatory HOA Fee:$

City:Gary
Subdivision: Garden Acres
Zip Code:46406

Total Sq. Ft.:1,840
Interior Features:Primary Downstairs
Appliances:Other
Exterior Features:None
Heat:Forced Air, Natural Gas
Total Rooms:10
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

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Listing provided courtesy of Melissa Grah with BHHS Executive Realty from NIRA as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/02/2023 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Gary Market Report

82
Avg. DOM
$92.35
Avg. $ / Sq.Ft.
$ 139,000
Med. List Price

The house prices in Gary are indeed dropping at the moment. There has been a decrease in price of $0.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

There is no data available at this time for Gary.

The most popular place to buy a home in Gary is null. null is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Gary .

The average amount of property taxes you would have to pay for a home in Gary is $433.24. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Gary are staying listed for an average of 84 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Gary was 73 minutes ago.

At the moment we have 3 open houses that you can visit.

The cost of the most expensive home in Gary is $750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Gary is $4,999.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Gary in year 1905 and the newest built house is in year 2024.

The average size of properties in Gary is 1618.39 sq.ft. , the biggest one being 5040 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.