3940 Monroe St, Gary, IN 46408
OFF MARKET

$15,000

Last sold price
  • Studio
  • 600 sqft

3940 Monroe St, Gary, IN 46408

University Park
Currently Off Market - Sold Aug 19, 2025 for $15,000

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
4004 Jackson St, Gary, IN
0.09
Single-Family Home
$17,200
06/24/26
2
1
729
3980 Madison St, Gary, IN
0.08
Single-Family Home
$8,500
07/06/26
3
1
1,000
4173 Jackson St, Gary, IN
0.29
Single-Family Home
$13,500
09/24/25
3
1
1,232
3953 Monroe St, Gary, IN
0.04
Single-Family Home
$57,000
04/13/26
2
1
740

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
3956 Monroe St, Gary, IN 46408
0.02
$64,800
2
1
1,035
Off Market
3916 Monroe St, Gary, IN 46408
0.03
$17,000
Studio
-
1,052
For Sale
519 W 39th Ave, Gary, IN 46408
0.04
$150,000
3
1
1,369
Recently Sold
501 W 39th Ave, Gary, IN 46408
0.04
-
2
1
1,803
Off Market
3935 Monroe St, Gary, IN 46408
0.04
-
Studio
-
-
Off Market
3953 Monroe St, Gary, IN 46408
0.04
$57,000
2
1
740
Recently Sold
609 W 39th Ave, Gary, IN 46408
0.08
$200,400
3
2
1,932
Off Market
3983 Monroe St, Gary, IN 46408
0.06
$106,800
3
1
1,022
Off Market
4004 Jackson St, Gary, IN 46408
0.09
$17,200
2
1
729
Recently Sold
627 W 39th Ave, Gary, IN 46408
0.10
$169,900
4
2
1,900
Recently Sold
3980 Madison St, Gary, IN 46408
0.08
$8,500
3
1
1,000
Recently Sold

Local Information

  • Map ViewExplore the area around 3940 Monroe St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1921
600 sqft
Garage

About this House

INVESTORS SPECIAL! Welcome to 3940 Monroe St a property that is an ideal fixer-upper ready for your creative touch. s full potential and bring your vision to life! Don't wait , schedule your showing today! Home sold as-is, where-is
3940 Monroe St, Gary, IN 46408 is a studio, 600 sqft single-family home in University Park, built in 1921. It last sold for the $15,000 asking price on Aug 19, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,027/month.
Last check for updates: about 7 hours ago
Listed by Frederick Long
Better Homes and Gardens Real, (219) 999-8990
Lanee Hollingsworth
Better Homes and Gardens Real, (219) 999-8990
Bought with: Frederick Long, Better Homes and Gardens Real, (219) 999-8990
Co-Buyer's Agent: Lanee Hollingsworth, Better Homes and Gardens Real, (219) 999-8990
Source: NIRA as distributed by MLS GRID, MLS#817130

Home Details for 3940 Monroe St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished
Dimensions and Layout
Living Area: 600 Square Feet
Appliances & Utilities
Utilities: NoneAppliances: None
Heating & Cooling
Heating: NoneNo Heating
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Levels: One
View
Has a ViewView: Neighborhood

Exterior Features

Exterior Home Features
Exterior: None
Parking & Garage
Has a GarageNo Attached GarageParking: Detached
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 600

Property Information

Year Built
Year Built: 1921
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: FixerParcel Number: 450828253019000004

Price & Status

Price
List Price: $15,000

Location

Direction & Address
City: GaryCommunity: Monroe St Adj
School Information
High School District: Gary

Building

Building Area
Building Area: 600 Square Feet

HOA

No HOA

Lot Information

Lot Area: 5880.6 sqft

Offer

Listing Agreement Type: Exclusive AgencyListing Terms: Cash

Miscellaneous

BasementMls Number: 817130Above Grade Unfinished Area: 600Below Grade Unfinished Area: 600

Price and Tax history

DateEventPrice
Aug 19, 2025
Source: NIRA as distributed by MLS GRID #817130
Sold
$15,000
Jun 10, 2025
Source: NIRA as distributed by MLS GRID #817130
Pending
$15,000
Mar 7, 2025
Source: NIRA as distributed by MLS GRID #817130
Listed For Sale
$15,000
Jan 20, 2023
Source: N/A
Sold
$500

Market trends in Gary

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$136K
$2.08KMoM
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 2026-09-12 00:38:00 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 3940 Monroe St

  • What is the price history for 3940 Monroe St?
    3940 Monroe St in Gary, IN last sold for $15,000 in August 2025.
  • 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 $2.08K from the prior month.
  • What do residents say about the University Park neighborhood?
    Residents describe the University Park neighborhood in Gary, IN as well-kept, pedestrian-friendly, and easy to park in. See recently sold homes in University Park, Gary.
  • How big is the lot at 3940 Monroe St?
    The lot at 3940 Monroe St in Gary, IN is about 0.14 acres (5,881 sq ft).
  • Does 3940 Monroe St have a garage?
    Yes, 3940 Monroe St in Gary, IN has a garage.

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