3987 Lincoln Street, Gary, IN 46408 (MLS# 840366)

3987 Lincoln Street, Gary, IN 46408

New Listing

$209,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,872 Lot Size (sq. ft.): 10,062 Status: Active

Current Price: $209,000 List Date: 6/09/2026 Last Modified: 6/09/2026

Overview

Description

Why rent when you can own? This completely remodeled 4-bedroom, 2-bath home offers an affordable path to homeownership in Gary with taxes that are incredibly low compared to many surrounding communities. Everything has been updated, including the kitchen, baths, flooring, mechanicals, siding, roof, and more, allowing you to move right in with confidence. The flexible layout offers plenty of space for family, guests, a home office, or hobbies. Buyers may also qualify for down payment assistance and grant programs available in the area, making ownership even more attainable. A rare opportunity to own a like-new home for less than many monthly rental payments.

Listing Details MLS# 840366

General Property Information

New Construction YN: No
Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Rooms Total: 7
Above Grade Finished Area: 936
Below Grade Finished Area: 936
Living Area: 1872
Living Area Source: Assessor
Year Built: 1955
Garage YN: Yes
Garage Spaces: 2
Lot Size Acres: 0.231
Lot Size Square Feet: 10062
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 Unfinished Area: 0

Property Features

Appliances: Dishwasher; Gas Range; Gas Water Heater; Microwave Basement: Finished Construction Materials: Vinyl Siding Cooling: Central Air Electric: 100 Amp Service Flooring: Vinyl Heating: Forced Air; Natural Gas Interior Features: Open Floorplan Laundry Features: Laundry Room Levels: 1-Sty/Ranch/Bungalow Listing Terms: Cash; Conventional; FHA; VA Loan Lock Box Information: Combo Lot Features: Back Yard; Landscaped Pool Features: None Possession: Close Of Escrow Roof: Asphalt; Shingle Sewer: Public Sewer Special Listing Conditions: None View: Neighborhood Water Source: Public Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Family Room; Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price: 209000
Auction YN: No
Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Vacant

Location Tax and Legal

Street Number: 3987
Street Name: Lincoln
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46408
Subdivision Name: 1st Sub Oakington Park Sec #40

Remarks and Miscellaneous

Public Remarks: Why rent when you can own? This completely remodeled 4-bedroom, 2-bath home offers an affordable path to homeownership in Gary with taxes that are incredibly low compared to many surrounding communities. Everything has been updated, including the kitchen, baths, flooring, mechanicals, siding, roof, and more, allowing you to move right in with confidence. The flexible layout offers plenty of space for family, guests, a home office, or hobbies. Buyers may also qualify for down payment assistance and grant programs available in the area, making ownership even more attainable. A rare opportunity to own a like-new home for less than many monthly rental payments.

Status Change Information

Major Change Timestamp: 2026-06-09T19:37:08Z
Major Change Type: New Listing
Status Change Timestamp: 2026-06-09

More Information

Bathroom Totals

Basement Full: Yes
Main Full: Yes

Exemption Information

Exemption YN: Yes
Exemptions: Homestead

Square Footage Information

Main Level Finished SqFt: 936
Basement Level Finished SqFt: 936
Upper Level Finished SqFt: 0
Lower Level Finished SqFt: 0
Above Grade Unfinished SqFt: 0

Showing Requirements

Showing Instructions: Use Showing Assist

Room Types

Bedroom 2 Level: Main
Bedroom 3 Level: Basement
Bedroom 4 Level: Basement
Family Room Level: Main
Kitchen Level: Main
Living Room Level: Main
Primary Bedroom Level: Main
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Family Room: Yes
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes

Location, Tax, and Legal

Tax Annual Amount: 0
Tax Year: 2025
Tax Assessed Value: 50400
Tax Legal Description: 1ST SUB. OAKINGTON PARK EX. N. 40 FT. L.6 BL.2 & EX. S. 40 FT. L.6 BL.2
Parcel Number: 450828154014000004
Additional Parcels YN: No
Township: Calumet
Directions: Ridge to Grant to 40th east To Lincoln
Census Tract: 124

Appliances

Dishwasher: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes

Basement

Finished: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes

Flooring

Vinyl: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Open Floorplan: Yes

Laundry Features

Laundry Room: Yes

Levels

1-Sty/Ranch/Bungalow: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lock Box Information

Combo: Yes

Lot Features

Back Yard: Yes
Landscaped: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Roof

Asphalt: Yes
Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

View

Neighborhood: Yes

Water Source

Public: Yes

Room Information

Room Name	Level	Length	Width
Living Room	Main	16.00	13.00
Kitchen	Main	14.00	12.00
Family Room	Main	16.00	15.00
Primary Bedroom	Main	13.00	11.00
Bedroom 2	Main	11.00	10.00
Bedroom 3	Basement	11.00	9.00
Bedroom 4	Basement	10.00	9.00

Listing Office: @properties/Christie's Intl RE

Last Updated: June - 09 - 2026

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