Pending

Price cut: $7K (1/2)

$56,675

2425 Prospect St, Gary, IN 46407

3beds

1,056sqft

Est.:

Single Family Residence

Built in 1947

4,660.92 Square Feet Lot

$-- Zestimate^®

$54/sqft

$-- HOA

What's special

Central air conditioningLead-free pipingFunctional layout

Great opportunity to own this estate property in Gary! This 3-bedroom, 1-bath home features central air conditioning, lead-free piping, a 1-car detached garage, and a backyard storage shed--perfect for additional storage. The property is being sold as-is and does need some work, making it ideal for investors or buyers looking to add their personal touch. Inside, you'll find a functional layout that's ready for your finishing touches. With solid potential and great value, this property is ready for your vision.

180 days

293

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Bedroom 2, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 3

Primary bedroom

Description: buyer to verify all measurements
Area: 100
Dimensions: 10.0 x 10.0

Bedroom 2

Description: buyer to verify all measurements
Area: 100
Dimensions: 10.0 x 10.0

Bedroom 3

Description: buyer to verify all measurements
Area: 100
Dimensions: 10.0 x 10.0

Dining room

Description: buyer to verify all measurements
Area: 81
Dimensions: 9.0 x 9.0

Kitchen

Description: buyer to verify all measurements
Area: 126
Dimensions: 14.0 x 9.0

Living room

Description: buyer to verify all measurements
Area: 190
Dimensions: 19.0 x 10.0

Heating

Natural Gas

Appliances

Included: None
Laundry: Other

Features

None
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,056
Total interior livable area: 1,056 sqft
Finished area above ground: 1,056

Property

Parking

Total spaces: 1
Parking features: Garage
Garage spaces: 1

Features

Levels: Other
Exterior features: None
Has view: Yes
View description: Neighborhood

Lot

Size: 4,660.92 Square Feet
Features: Back Yard

Details

Parcel number: 450815184007000004
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1947

Utilities & green energy

Electric: Other
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Other
Subdivision: Mid City Realty Companys Central

HOA

Has HOA: No

Location

Region: Gary

Financial & listing details

Price per square foot: $54/sqft
Tax assessed value: $38,100
Annual tax amount: $961
Date on market: 9/12/2025
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$1,375/mo

Price history

Date	Event	Price
2/20/2026	Pending sale	$56,675$54/sqft
Source: NIRA as distributed by MLS GRID #827596 Report a problem
1/2/2026	Price change	$56,675-11%$54/sqft
Source: NIRA as distributed by MLS GRID #827596 Report a problem
10/21/2025	Price change	$63,700-8.9%$60/sqft
Source: NIRA as distributed by MLS GRID #827596 Report a problem
9/12/2025	Listed for sale	$69,900$66/sqft
Source: NIRA as distributed by MLS GRID #827596 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$961 +3.3%	$38,800 +1.8%
2023	$930 +8.4%	$38,100 +5%
2022	$858	$36,300 +8.4%
2021	$858 +156.2%	$33,500
2020	$335 -25.7%	$33,500
2019	$451 -9.7%	$33,500
2018	$499 +22.5%	$33,500 -11.4%
2017	$407	$37,800 -3.8%
2016	$407 -4.3%	$39,300 +0.5%
2014	$426 +5%	$39,100 +2.6%
2013	$405 -4%	$38,100 -2.3%
2012	$422 +6.1%	$39,000 +8%
2011	$398 -16.3%	$36,100 +1.1%
2010	$476	$35,700 +3.5%
2009	--	$34,500 +23.7%
2007	--	$27,900 +74.4%
2006	--	$16,000
2005	--	$16,000
2004	--	$16,000 +42.9%
2003	--	$11,200
2002	--	$11,200 +202.7%
2001	--	$3,700