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1653 W 10th Pl, Gary, IN, 46404

5beds
3baths
--sqft
$249,900
--price/sqft
$2,124/moest. monthly cost
$84,960/yrincome needed

About This Home

Looking for an investment opportunity with immediate income potential? This charming 3-unit apartment building is priced to sell and offers an excellent addition to any investment portfolio. The main and 2nd floor unit each feature 2 bedrooms, 1 bathroom, a spacious living room, an eat-in kitchen, and approximately 850 square feet of comfortable living space. The third unit offers 1 bedroom, 1 bathroom, and approximately 700 square feet, making it an attractive option for a variety of tenants. The property also features a large fenced yard, providing added outdoor space for residents. The main-floor unit is currently occupied, offering instant rental income, while the two upper units are vacant, move-in ready, and available for immediate leasing. Whether you're an experienced investor or just starting to build your portfolio, this income-producing property offers tremendous potential. Don't miss this opportunity schedule your showing today! Sold as-is.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

4/10
4/10
1/10

Construction

Condition

  • Year built: 1905

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Electric Range,Refrigerator

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Eat-in Kitchen,Open Floorplan
  • Finished area above ground: 1,449

Heating

  • Heating features: Other

Property

Details

  • Parcel number: 450808239015000004
  • Special condition: Standard

Features

  • Levels: Two
  • Exterior features: Private Yard
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 2,526 sqft
  • Features: Back Yard,Front Yard

Parking

  • Parking features: On Street

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 WaveModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
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 $1,263$15,156
Home Insurance *$351$4,212
Property Taxes $326$3,912
Electricity $184$2,212
Total$2,124$25,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,822/yr
40% on housing$63,720/yr
45% on housing$56,640/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 46404$61
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46404$76
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
2026-08-04Listed for sale$249,900
2026-07-24Listed for rent$1,100
2023-03-17Sold$67,500
2023-03-03Contingent$67,500
2023-02-26Listed for sale$67,500

For Sale by Agent

AgentLakia Hasenjaeger
BrokerageThe Jaeger Group, LLC

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