3940 Pierce Street, Gary, IN 46408

$115,000
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 748 Lot Size (sq. ft.): 3,746 Status: Active
Current Price: $115,000 List Date: 2/14/2026 Last Modified: 6/09/2026

Overview

Description

Welcome to a well kept home in Calumet Township offering both comfort and strong financial upside. For those who want to move into their beautiful new home this home features a practical layout, a bright living area, and a spacious yard—ideal for everyday living, outdoor enjoyment, or future improvements. Its location near Indiana University Northwest, major employers, and key transit routes ensure steady demand and lasting value. Whether you're looking for an affordable primary home or a smart investment with immediate income potential, this property delivers versatility and long term stability. This owner is offering all 8 income generating properties in their portfolio as a single package deal, or purchase only this property. Creating a rare chance to acquire immediate cash flow. Perfect for investors looking to expand rapidly, streamline management, or secure a high performing rental portfolio in one transaction. This property does not have to be sold as a package it can be sold ...

Listing Details MLS# 834042

General Property Information

New Construction YN
No
Bedrooms Total
3
Bathrooms Full
Yes
Bathrooms Total
Yes
Rooms Total
5
Above Grade Finished Area
748
Below Grade Unfinished Area
748
Living Area
748
Living Area Source
Assessor
Year Built
1955
Garage YN
No
Lot Size Acres
0.086
Lot Size Square Feet
3746
Lot Size Source
Assessor
Association YN
No
Waterfront YN
No
Basement YN
Yes
Fireplace YN
No
Bathrooms Half
0
Bathrooms Three Quarter
0
Below Grade Finished Area
0

Property Features

Appliances: Microwave; Range; Refrigerator Basement: Unfinished Cooling: Central Air Electric: 100 Amp Service Flooring: Tile; Vinyl Heating: Forced Air Interior Features: None Laundry Features: Gas Dryer Hookup; Washer Hookup Levels: 1-Sty/Ranch/Bungalow Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Back Yard Parking Features: On Street Possession: Subject To Tenant Rights Sewer: Public Sewer Special Listing Conditions: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: None Water Source: Public Room Types: Bedroom 2; Bedroom 3; Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price
139900
Auction YN
No
Property Sub Type
Single Family Residence
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
3940
Street Name
Pierce
Street Suffix
Street
County
Lake
State
IN
Postal Code
46408
Subdivision Name
Oakington Park 1st Sub

Remarks and Miscellaneous

Public Remarks
Welcome to a well kept home in Calumet Township offering both comfort and strong financial upside. For those who want to move into their beautiful new home this home features a practical layout, a bright living area, and a spacious yard—ideal for everyday living, outdoor enjoyment, or future improvements. Its location near Indiana University Northwest, major employers, and key transit routes ensure steady demand and lasting value. Whether you're looking for an affordable primary home or a smart investment with immediate income potential, this property delivers versatility and long term stability. This owner is offering all 8 income generating properties in their portfolio as a single package deal, or purchase only this property. Creating a rare chance to acquire immediate cash flow. Perfect for investors looking to expand rapidly, streamline management, or secure a high performing rental portfolio in one transaction. This property does not have to be sold as a package it can be sold as a single sale.

Status Change Information

Major Change Timestamp
2026-06-09T15:32:30Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-06-09T15:32:30Z
Status Change Timestamp
2026-02-13

More Information

Bathroom Totals

Main Full
Yes

Exemption Information

Exemption YN
No

Square Footage Information

Main Level Finished SqFt
748
Upper Level Finished SqFt
0
Lower Level Finished SqFt
0
Above Grade Unfinished SqFt
0
Basement Level Finished SqFt
0

Showing Requirements

Showing Instructions
Tenants need 48 hour notice

Room Types

Bedroom 2 Level
Main
Bedroom 3 Level
Main
Kitchen Level
Main
Living Room Level
Main
Primary Bedroom Level
Main
Bedroom 2
Yes
Bedroom 3
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Location, Tax, and Legal

Tax Annual Amount
1751
Tax Year
2024
Tax Assessed Value
69800
Tax Legal Description
1ST SUB. OAKINGTON PARK N.30 FT. L.3 BL.1
Parcel Number
450828155012000004
Additional Parcels YN
No
Township
Calumet
Directions
W. 37th Avenue to Pierce Street, south on Pierce to Home
Census Tract
124

Appliances

Microwave
Yes
Range
Yes
Refrigerator
Yes

Basement

Unfinished
Yes

Cooling

Central Air
Yes

Electric

100 Amp Service
Yes

Flooring

Tile
Yes
Vinyl
Yes

Heating

Forced Air
Yes

Interior Features

None
Yes

Laundry Features

Gas Dryer Hookup
Yes
Washer Hookup
Yes

Levels

1-Sty/Ranch/Bungalow
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Back Yard
Yes

Parking Features

On Street
Yes

Possession

Subject To Tenant Rights
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

View

None
Yes

Water Source

Public
Yes

Room Information

Room Name Level Length Width
Primary Bedroom Main 12.00 10.00
Bedroom 2 Main 10.00 10.00
Bedroom 3 Main 10.00 9.00
Living Room Main 14.00 11.00
Kitchen Main 9.00 8.00
Listing Office: McCormick Real Estate, Inc.
Last Updated: June - 09 - 2026
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