3871 Monroe St, Gary, IN 46408
Property image
Property image
OFF MARKET

$183,500

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,960 sqft

3871 Monroe St, Gary, IN 46408

University Park
Est. Refi. Payment $1,208/mo*
Refinance Your Home
Currently Off Market - Sold Aug 21, 2024 for $164,900

Home Value

Trulia Estimate
$184K
Since last month
Decreased$800 (-0.4%)
Since last year
Increased$14K (+8.4%)
Since last sale
Increased$19K (+11.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +306% in the last 10 years
MonthEstimated value
2026
September 2026$184K
August 2026$183K
July 2026$185K
June 2026$187K
May 2026$188K
April 2026$185K
March 2026$179K
February 2026$173K
January 2026$168K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
627 W 39th Ave, Gary, IN
0.14
Single-Family Home
$169,900
02/17/26
4
2
1,900
3679 Monroe St, Gary, IN
0.23
Single-Family Home
$183,000
11/12/25
3
1.5
1,305
519 W 39th Ave, Gary, IN
0.07
Single-Family Home
$150,000
05/21/26
3
1
1,369
3737 Washington St, Gary, IN
0.29
Single-Family Home
$125,000
08/28/26
4
1.5
2,136
3905 Madison St, Gary, IN
0.08
Single-Family Home
$81,500
05/26/26
3
1
1,728
3836 Delaware St, Gary, IN
0.53
Single-Family Home
$149,900
03/20/26
3
2
1,652
3655 Connecticut St, Gary, IN
0.51
Single-Family Home
$174,000
04/13/26
3
2
1,600
3634 Van Buren St, Gary, IN
0.33
Single-Family Home
$135,000
04/13/26
2
2
2,496
3667 Monroe St, Gary, IN
0.24
Single-Family Home
$67,000
11/12/25
4
2
1,870

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
501 W 39th Ave, Gary, IN 46408
0.06
-
2
1
1,803
Off Market
3877 Madison St, Gary, IN 46408
0.06
$71,500
4
4
-
Off Market
3901 Madison St, Gary, IN 46408
0.08
-
2
1
816
Off Market
519 W 39th Ave, Gary, IN 46408
0.07
$150,000
3
1
1,369
Recently Sold
3935 Monroe St, Gary, IN 46408
0.08
-
Studio
-
-
Off Market
3905 Madison St, Gary, IN 46408
0.08
$81,500
3
1
1,728
Recently Sold
3915 Madison St, Gary, IN 46408
0.09
$20,000
4
2
-
Recently Sold
3940 Monroe St, Gary, IN 46408
0.10
-
Studio
-
600
Off Market
3953 Monroe St, Gary, IN 46408
0.11
$57,000
2
1
740
Recently Sold
3956 Monroe St, Gary, IN 46408
0.12
$69,600
2
1
1,035
Off Market
3862 Jackson St, Gary, IN 46408
0.10
$173,800
3
1.5
2,562
Off Market

Local Information

  • Map ViewExplore the area around 3871 Monroe St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1941
1,960 sqft
$94/sqft
Garage

About this House

FIRST TIME home buyer or an INVESTOR, Welcome to three BED two BATH house which is ONLY FEW BLOCKS FROM INDIANA UNIVERSITY CAMPUS and MAJOR HIGHWAYS. This UPGRADED beautiful house provides comfort with brand NEW furnace, NEW water heater and newer roof. Main floor opens to Living Room with a brick wood burning fire place, entertaining room and Completely Upgraded Kitchen with BRAND NEW STEEL APPLIANCES. Upstairs you have 2 bedroom with remodeled full bathroom. The living space can be expanded by finishing the BASEMENT. Backyard has a deck and a fenced yard where you can make memories. Detached two car garage has new door. Don't miss this opportunity to make this your future home.
3871 Monroe St, Gary, IN 46408 is a 3 bedroom, 2 bathroom, 1,960 sqft single-family home in University Park, built in 1941. It last sold for $164,900 on Aug 21, 2024 (6% below the $174,700 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $183,500, with a rent estimate of $1,505/month.
Last check for updates: about 12 hours ago
Listed by Dharmesh Shah
McColly Real Estate, (219) 322-5508
Bought with: Richard Tokarz, Advanced Real Estate, LLC, (219) 595-2007
Source: NIRA as distributed by MLS GRID, MLS#802989

Home Details for 3871 Monroe St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: OtherNumber of Rooms: 6Types of Rooms: Primary Bedroom, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1960 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Water Connected, Sewer ConnectedAppliances: Dishwasher, Microwave, Washer, Stainless Steel Appliance(s), Refrigerator, DryerDishwasherDryerLaundry: In BasementMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Natural GasHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood BurningHas a Fireplace
Levels, Entrance, & Accessibility
Levels: Two
View
Has a ViewView: Neighborhood
Security
Security: Fire Alarm

Exterior Features

Exterior Home Features
Patio / Porch: DeckFencing: Back Yard, FencedExterior: Private Yard, Storage
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Detached
Frontage
Road Surface Type: Asphalt
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1960

Property Information

Year Built
Year Built: 1941
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House
Building
Not a New ConstructionNot Attached Property
Property Information
Condition: Updated/RemodeledParcel Number: 450828208009.000004

Price & Status

Price
List Price: $174,700

Location

Direction & Address
City: GaryCommunity: Mcgraths 01 Add/Jackson Park

Building

Building Area
Building Area: 1960 Square Feet

Community

Community Features: None

HOA

No HOA

Lot Information

Lot Area: 5619.24 sqft

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, VA Loan, FHA, Conventional

Miscellaneous

BasementMls Number: 802989Above Grade Unfinished Area: 1960

Additional Information

None

Price and Tax history

DateEventPrice
Aug 21, 2024
Source: NIRA as distributed by MLS GRID #802989
Sold
$164,900
Jun 13, 2024
Source: NIRA as distributed by MLS GRID #802989
Contingent
$174,700
May 29, 2024
Source: NIRA as distributed by MLS GRID #802989
PriceChange
$174,700
Price decreased by 7%
May 16, 2024
Source: NIRA as distributed by MLS GRID #802989
PriceChange
$188,000
Price decreased by 1%
May 1, 2024
Source: NIRA as distributed by MLS GRID #802989
Listed For Sale
$189,900

Market trends in Gary

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$136K
$2.18KMoM
Sale-to-List Price
98.6%
0.3%MoM
Price per sq ft
$98
$1MoM
Available listings
303
47MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

University Park
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about University Park

At least 109 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 88 % Say yards are well-kept

  • 81 % Say there are sidewalks

  • 79 % Say parking is easy

  • 62 % Say there's holiday spirit

  • 57 % Say it's dog friendly

  • 57 % Say kids play outside

  • 53 % Say there's wildlife

  • 48 % Say they plan to stay for at least 5 years

  • 43 % Say neighbors are friendly

  • 43 % Say it's quiet

  • 28 % Say it's walkable to restaurants

  • 28 % Say streets are well-lit

  • 28 % Say there are community events

  • 25 % Say it's walkable to grocery stores

  • 22 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Ryleasha Coleman
    "Nothing we don’t have any community events around here the you hear is sirens Loud music no kids playing "
    0
    Flag
  • Joci
    "I just moved here and already want to move back to another part of lake county that feels more safe and like home."
    21
    Flag
  • ernest d eskridge
    "The neighborhood is wonderful there is nothing bad about this neighborhood whatsoever so ever the people are friendly "
    3
    Flag
  • Trulia User
    "the abandoned homes make the neighborhood unique. I work in the area and meet interesting people. most people seem nice. "
    10
    Flag
  • Trulia User
    "Yes they would. Lots of parks and space for owners to walk their dogs. There is even a walking trail near by."
    1
    Flag
  • Trulia User
    "It’s quiet and peaceful. I love my neighbors and the sense of community. I would recommend this community to anyone looking for a good place to raise your family."
    26
    Flag
  • Trulia User
    "Neighborhood is still in depression state from years of families moving out and leaving their homes. But the area is on the up and up with neighbors taking pride in their land and beautifying their lands. I have been here two years and enjoy it."
    0
    Flag
  • Antoinette722
    "It is important that parents feel comfort moving into the home, your kids are safe, and it’s in the district of great area for children can play. "
    10
    Flag
  • Lynceta G.
    "there's none unless you create for your family and friends. Election years politicians seeking office holds events and community meetings. l like it to be none intrusive."
    5
    Flag
  • Monopoltizeent
    "Not a area that needs to be gentrified, we good with the way it is middle class urban community that dont want any change unless it benefits us that have lived here for years"
    7
    Flag
  • Tamera W.
    "There are new businesses opening. I see homes that need tax and they would have great potential for new home owners. Most homes are very well kept and the neighbors are friendly "
    8
    Flag
  • Emerson
    "It was ok. I think the neighbors didn't like me because i had two pit bull dogs, and one got out of the yard without my knowing. When i found out i retrieved him immediately, but i still sensed that the neighbors viewed me with disdain."
    108
    Flag
  • Brandy K.
    "Somewhat easy on the week day, and on the weekend easy breezy. Love the area but would like to be somewhere way different "
    6
    Flag
  • Cullen B.
    "Lived here 10 year and it’s not the worries and can stand to be a lot better but it’s not that bad either. "
    2
    Flag
  • Michaelmimssr95
    "nothing about this place is unique gary needs work it's every where to many abandoned house some places you rent from be having mold problems "
    4
    Flag
  • Michaelmimssr95
    "it's not gary needs alot of work to many abandoned houses and it need cleaning alot of trash every where you go and renting house of here is not good these landlord don't do nothing and it's to many schools closed down."
    2
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-16 14:43:05 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 3871 Monroe St

  • What is 3871 Monroe St estimated to be worth?
    Trulia's estimated value for 3871 Monroe St in Gary, IN is $183,500.
  • What is the price history for 3871 Monroe St?
    3871 Monroe St in Gary, IN last sold for $164,900 in August 2024.
  • Is Gary a buyer's or seller's market?
    Gary is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Gary?
    The median sale price in Gary is $136K. That is down $2.18K from the prior month.
  • Does 3871 Monroe St have laundry facilities?
    Yes, 3871 Monroe St in Gary, IN has in-unit laundry.
  • Does 3871 Monroe St have a yard?
    Yes, 3871 Monroe St in Gary, IN has a yard.

Explore by feature - Pet Friendly

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Off Market Homes Near 3871 Monroe St

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