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4855 Massachusetts St, Gary, IN, 46409

0beds
--baths
0sqft
$15,000
--price/sqft
$311/moest. monthly cost
$12,440/yrincome needed

About This Home

Investors, look no further because 4855 Massachusetts is ready for you to come and create your next investment property! Sold As Is, Where Is. Bring your vision to life with this property. Call to schedule your tour today!

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

3/10
Glen Park AcademyGrades K-50.4 mi
4/10
1/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1935

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None

Features

  • None
  • Finished area above ground: 0

Heating

  • Heating features: None

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 450834156009000004
  • Zoning description: residential
  • Special condition: None

Features

  • Levels: One and One Half
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 4,791 sqft
  • Features: Few Trees,Front Yard

Parking

  • Parking features: Off Street,On Street,Alley Access

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $75$900
Home Insurance *$23$276
Property Taxes $29$348
Electricity $184$2,212
Total$311$3,732
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$10,662/yr
40% on housing$9,330/yr
45% on housing$8,293/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46409$52
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46409$71
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-22Listed for sale$15,000
2026-04-30Pending sale$15,000
2026-04-26Listed for sale$15,000
2025-05-20Sold$7,000
2025-02-06Pending sale$7,000
2025-01-08Sold$1,900
2024-11-14Price change$7,000
2024-08-29Listed for sale$15,000
2010-10-18Sold$819

For Sale by Agent

AgentFrederick Long
BrokerageBetter Homes and Gardens Real

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