561 E 48th Ave, Gary, IN 46409
OFF MARKET

$80,000

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 925 sqft

561 E 48th Ave, Gary, IN 46409

University Park
Est. Refi. Payment $579/mo*
Refinance Your Home
Currently Off Market - Sold Apr 24, 2003 for $11,000

Home Value

Trulia Estimate
$80K
Since last month
$0 (0%)
Since last year
Decreased$200 (-0.2%)
Since last sale
Increased$69K (+627.3%)
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 +545% in the last 10 years
MonthEstimated value
2026
September 2026$80K
September 2026$80K
August 2026$80K
July 2026$79K
June 2026$80K
May 2026$79K
April 2026$76K
March 2026$76K
January 2026$86K
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
4800 Georgia St, Gary, IN
0.11
Single-Family Home
$7,000
04/27/26
2
1
960
448 E 47th Pl, Gary, IN
0.10
Single-Family Home
$24,800
03/30/26
2
1
1,248
1011 E 47th Pl, Gary, IN
0.28
Single-Family Home
$10,000
03/06/26
2
1
1,300
4673 Massachusetts St, Gary, IN
0.33
Single-Family Home
$17,000
07/08/26
2
1
858
4808 Delaware St, Gary, IN
0.14
Single-Family Home
$5,000
11/10/25
2
1
692
4821-29 Vermont Pl, Gary, IN
0.31
Single-Family Home
$12,000
03/27/26
2
1
1,510
4646 Pennsylvania St, Gary, IN
0.27
Single-Family Home
$30,000
02/26/26
2
1
734
4780 Rhode Island St, Gary, IN
0.17
Single-Family Home
$15,000
12/18/25
3
1
1,750
1000 E 49th Ave, Gary, IN
0.28
Single-Family Home
$3,599
01/13/26
2
1
816
4801 Kentucky St, Gary, IN
0.36
Single-Family Home
$25,600
01/07/26
2
1
960

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
549 E 48th Ave, Gary, IN 46409
0.01
-
2
-
925
Off Market
601 E 48th Ave, Gary, IN 46409
0.01
$89,600
3
1
925
Off Market
537 E 48th Ave, Gary, IN 46409
0.02
$92,900
3
1
1,200
Off Market
4800 Carolina St, Gary, IN 46409
0.02
-
2
1
1,248
Off Market
4811 Maryland Pl, Gary, IN 46409
0.02
$106,600
3
1
1,060
Off Market
4818 Carolina St, Gary, IN 46409
0.03
$74,300
2
1
1,188
Off Market
560 E 48th Ave, Gary, IN 46409
0.03
-
3
1
925
Off Market
548 E 48th Ave, Gary, IN 46409
0.03
$94,900
2
1
925
Off Market
600 E 48th Ave, Gary, IN 46409
0.03
$78,900
2
1
960
Off Market
525 E 48th Ave, Gary, IN 46409
0.03
-
3
1
960
Off Market
4819 Maryland Pl, Gary, IN 46409
0.03
$81,100
2
1
1,060
Off Market
536 E 48th Ave, Gary, IN 46409
0.04
$101,800
3
1
1,100
Off Market
612 E 48th Ave, Gary, IN 46409
0.04
$74,300
2
1
960
Off Market
518 E 48th Pl, Gary, IN 46409
0.04
$74,700
3
1
962
Off Market
4826 Carolina St, Gary, IN 46409
0.04
$72,100
3
1
960
Off Market
513 E 48th Ave, Gary, IN 46409
0.04
-
3
1
1,036
Off Market
524 E 48th Ave, Gary, IN 46409
0.04
-
-
-
-
Off Market
624 E 48th Ave, Gary, IN 46409
0.05
$80,400
3
1
925
Off Market
561 E 47th Pl, Gary, IN 46409
0.05
$66,400
3
1
960
Off Market
510 E 48th Pl, Gary, IN 46409
0.05
$139,500
4
1.5
1,064
Off Market

Local Information

  • Map ViewExplore the area around 561 E 48th Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1956
925 sqft
$86/sqft

About this House

What's unique:Master suiteAir conditioningHot tubSpacious pantryWalk in closetLaundry connections
This single-family home is located at 561 E 48th Ave, Gary, IN. 561 E 48th Ave is in the University Park neighborhood in Gary, IN and in ZIP code 46409. This property has 2 bedrooms, 1 bathroom and approximately 925 sqft of floor space. This property has a lot size of 6098 sqft and was built in 1956.
561 E 48th Ave, Gary, IN 46409 is a 2 bedroom, 1 bathroom, 925 sqft single-family home in University Park, built in 1956. It last sold for $11,000 on Apr 24, 2003. More recently, it was listed as a rental in June 2023 with an asking price of $1,250 per month. That rental listing was removed on August 30, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $80,000, with a rent estimate of $1,350/month.

Home Details for 561 E 48th Ave

Interior Features

Heating & Cooling
Heating: Forced Air, GasHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5Types of Rooms: Walk In Closet
Fireplace & Spa
Hot Tub or Spa
Security
Security System

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
Parking: Off Street

Property Information

Year Built
Year Built: 1956
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Lot Information

Lot Area: 6098 sqft

Price and Tax history

DateEventPrice
Aug 30, 2023
Source: Zillow Rentals
ListingRemoved
Jul 18, 2023
Source: Zillow Rentals
PriceChange
$1,150
Price decreased by 8%
Jun 23, 2023
Source: Zillow Rentals
Listed For Rent
$1,250
Jun 14, 2017
Source: Agent Provided
ListingRemoved
$775
May 18, 2017
Source: Agent Provided
Listed For Rent
$775

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. "
    11
    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

Frequently asked questions about 561 E 48th Ave

  • What is 561 E 48th Ave estimated to be worth?
    Trulia's estimated value for 561 E 48th Ave in Gary, IN is $80,000.
  • What is the price history for 561 E 48th Ave?
    561 E 48th Ave in Gary, IN last sold for $11,000 in April 2003.
  • 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.
  • How big is the lot at 561 E 48th Ave?
    The lot at 561 E 48th Ave in Gary, IN is about 0.14 acres (6,098 sq ft).
  • Does 561 E 48th Ave have parking?
    Yes, 561 E 48th Ave in Gary, IN has on-site parking.

Explore by feature - Pet Friendly

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Off Market Homes Near 561 E 48th Ave

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