400 E 41st Ave, Gary, IN 46409
Property image
Property image
FOR SALE

$60,000

  • Studio

400 E 41st Ave, Gary, IN 46409

University Park
Est. Mortgage $446/mo*
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Home Highlights

Single-Family Home
Built in 1925
2 Car Garage

Local Information

  • Map ViewExplore the area around 400 E 41st Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Investor Special - High-Upside Fix & Flip Opportunity Solid brick multi-level building at 400 E 41st Ave in Gary, IN 46409. This is a true value-add project for experienced investors or rehabbers ready to take on a full gut renovation. The property shows classic older construction with substantial remaining structure, multiple interior spaces, arched openings, and original character elements that can shine once restored. Brick exterior provides a durable shell. Current condition requires complete renovation (extensive interior work, systems, finishes, cleanup, and exterior/site improvements), making it ideal for a full rehab or potential multi-unit conversion depending on zoning and your plans. Located in Gary with access to major routes and the broader Northwest Indiana / Chicago metro market. Nearby properties and ongoing area activity create opportunity for investors targeting rental income, flip, or hold strategies after renovation. Bring your contractor, run the numbers, and transform this into a strong-performing asset. Cash or hard-money buyers preferred. Property sold as-is. Schedule your inspection today and see the potential in person.
Last check for updates: about 8 hours ago
Listing courtesy of Christine Coughlin
Listing Leaders, (219) 462-5478
Source: NIRA as distributed by MLS GRID, MLS#843338
Also Listed on NIRA as distributed by MLS GRID.

Home Details for 400 E 41st Ave

Active Status

MLS Status: Active

Interior Features

Appliances & Utilities
Appliances: None
Heating & Cooling
Heating: NoneNo Heating
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Levels: Two
View
Has a ViewView: Neighborhood

Exterior Features

Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Water & Sewer
Sewer: Unknown

Days on Market

Days on Market: 45

Property Information

Year Built
Year Built: 1925
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Condition: FixerParcel Number: 450827181025000004

Price & Status

Price
List Price: $60,000

Location

Direction & Address
City: GaryCommunity: Great Gary Realty Companys 01

Agent Information

Listing Agent
Listing ID: 843338

HOA

No HOA

Lot Information

Lot Area: 4486.68 sqft

Listing Info

Special Conditions: None

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash

Miscellaneous

Mls Number: 843338

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

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

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
4019 Pennsylvania St, Gary, IN
0.10
Single-Family Home
$36,500
03/02/26
2
-
856
4127 Pennsylvania St, Gary, IN
0.08
Single-Family Home
$107,000
08/03/26
4
2
1,700
4021 Maryland St, Gary, IN
0.10
Single-Family Home
$68,500
07/28/26
2
1
1,344

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
305 E 41st Ave, Gary, IN 46409
0.06
$89,000
3
1
1,602
For Sale
4127 Pennsylvania St, Gary, IN 46409
0.08
$107,000
4
2
1,700
Recently Sold
4021 Maryland St, Gary, IN 46409
0.10
$68,500
2
1
1,344
Recently Sold
4021 E Maryland St, Gary, IN 46409
0.10
-
2
1
672
Off Market
4019 Pennsylvania St, Gary, IN 46409
0.10
$36,500
2
-
856
Recently Sold
3995 Maryland St, Gary, IN 46409
0.14
$80,900
2
1
964
Off Market
4155 Connecticut St, Gary, IN 46409
0.14
$152,600
4
3
-
Off Market
4002 Pennsylvania St, Gary, IN 46409
0.13
$65,300
2
1
846
Off Market
4001 Virginia St, Gary, IN 46409
0.16
$148,300
2
1
760
Off Market
3965 Delaware St, Gary, IN 46409
0.15
-
2
1
690
Off Market
4217 Maryland St, Gary, IN 46409
0.19
$49,900
2
1
864
Recently Sold

Price and Tax history

DateEventPrice
Aug 3, 2026
Source: NIRA as distributed by MLS GRID #843338
Listed For Sale
$60,000

LGBTQ Local Legal Protections

Christine Coughlin, Listing Leaders, (219) 462-5478
Based on information submitted to the MLS GRID as of 2026-09-17 14:22:53 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

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Frequently asked questions about 400 E 41st Ave

  • What is the estimated monthly payment for 400 E 41st Ave?
    Based on a $60,000 list price with 20% down at today's rates, the estimated monthly payment for 400 E 41st Ave in Gary, IN is approximately $450 (about $326 principal & interest, $49 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 400 E 41st Ave compare to homes in Gary?
    400 E 41st Ave in Gary, IN is listed at $60,000, about 56% below the $136K median sale price in Gary.
  • 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 homes for sale in University Park, Gary.
  • What are the closest schools to 400 E 41st Ave?
    The closest schools to 400 E 41st Ave in Gary, IN are Bailly Preparatory Academy (Middle, rated 3/10), Glen Park Academy (Elementary, rated 3/10), Mary M Bethune Early Child Development Center (Pre-K/Elementary).
  • How big is the lot at 400 E 41st Ave?
    The lot at 400 E 41st Ave in Gary, IN is about 0.10 acres (4,487 sq ft).
  • Does 400 E 41st Ave have a garage?
    Yes, 400 E 41st Ave in Gary, IN has an attached garage.
400 E 41st Ave, Gary, IN 46409 is a studio single-family home built in 1925. 400 E 41st Ave is located in University Park, Gary. This property is currently available for sale and was listed by NIRA as distributed by MLS GRID on Aug 3, 2026. The MLS # for this home is MLS# 843338.