515 E 48th Pl, Gary, IN 46409
Property image
Property image
OFF MARKET

515 E 48th Pl
Gary, IN 46409

University Park
  • 3 Beds
  • 2.5 Baths
  • 1,114 sqft

$130,700

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $737/mo*
Refinance Your Home

$130,700

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $737/mo*
Refinance Your Home
3 Beds
2.5 Baths
1,114 sqft

Local Information

  • Map ViewExplore the area around 515 E 48th Pl.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1963
Living Area
1,114 sqft
Price/Sqft
$117
Parking
Garage

About this House

Attention Rehabbers, Contractors & Landlords! Huge 3 Bedroom 2 1/2 Bath Home at 515 E. 48th Place in Gary. Needs Rehab! Kitchen cabinets in great condition! 1,114 square feet not including basement. The home is within the Merrillville Community School district.

Price $25K
Will Rent For $900 month
515 E 48th Pl, Gary, IN 46409 is a 3 bedroom, 3 bathroom, 1,114 sqft single-family home in University Park, built in 1963. It is currently off market. The Trulia Estimate is $130,700, with a rent estimate of $1,763/month.

Home Details for 515 E 48th Pl

Interior Features

Interior Details
BasementNumber of Rooms: 7
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1963
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 7143 sqft

Price History for 515 E 48th Pl

DatePriceEventSource
02/08/2021ListingRemovedN/A
11/08/2020$25,000Listed For SaleN/A
07/16/2020$24,000ListingRemovedN/A
05/23/2020$24,000Listed For SaleN/A

Market trends in Gary

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$124K
$6.09KMoM
Sale-to-List Price
98.1%
0.1%MoM
Price per sq ft
$86
$3MoM
Available listings
352
3MoM
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Property Tax and Assessment

Year2025
Tax$331
Assessment$14,500
Home facts updated by county records

Comparable Sales for 515 E 48th Pl

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
436 E 48th Ave, Gary, IN
0.09
Single-Family Home
$100,000
04/17/26
3
1
925
4652 Pennsylvania St, Gary, IN
0.27
Single-Family Home
$20,500
11/04/25
3
2.5
1,616
4701 Connecticut St, Gary, IN
0.25
Single-Family Home
$31,500
08/13/25
3
2
1,488
436 E 47th Pl, Gary, IN
0.14
Single-Family Home
$157,000
06/17/26
3
1
925
4846 Pennsylvania St, Gary, IN
0.16
Single-Family Home
$184,500
09/29/25
3
2.5
2,214
636 E 47th Pl, Gary, IN
0.16
Single-Family Home
$145,000
07/17/26
3
1
960
4641 Delaware St, Gary, IN
0.24
Single-Family Home
$171,000
04/30/26
3
1.5
2,100
5043 Carolina St, Gary, IN
0.30
Single-Family Home
$140,000
04/03/26
3
1
1,100
419 E 48th Pl, Gary, IN
0.05
Single-Family Home
$120,000
06/18/26
2
1
1,924
4688 Delaware St, Gary, IN
0.20
Single-Family Home
$168,000
06/08/26
3
2
1,561

Nearby homes

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Assigned Schools

These are the assigned schools for 515 E 48th Pl.
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

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Apartments for Rent

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Explore by feature - Pet Friendly

58 pet-friendly rentals in Gary, IN

Explore by feature - Garage

30 rentals with a garage in Gary, IN

Explore by feature - Air Conditioning

73 rentals with air conditioning in Gary, IN

Explore by feature - Washer/dryer

11 rentals with a washer/dryer in Gary, IN

Explore by feature - Outdoor Space

34 rentals with an outdoor space in Gary, IN

Homes for sale near 515 E 48th Pl

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Off Market Homes Near 515 E 48th Pl

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Frequently asked questions about 515 E 48th Pl

  • What is 515 E 48th Pl estimated to be worth?
    Trulia's estimated value for 515 E 48th Pl in Gary, IN is $130,700.
  • 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 $124K. That is up $6.09K 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.
  • Does 515 E 48th Pl have air conditioning?
    Yes, 515 E 48th Pl in Gary, IN has air conditioning.
  • How big is the lot at 515 E 48th Pl?
    The lot at 515 E 48th Pl in Gary, IN is about 0.16 acres (7,143 sq ft).