1531 Van Buren St, Gary, IN, 46407
About This Home
THREE POSSIBLE UNITS TO RENT- Live in one and rent out the other or rent all three for MAXIMUM CASH FLOW! Get in on the ground floor of Gary's burgeoning renaissance. The city has recently undergone significant development and reinvestment. Gary is at the center of America's crossroads and offers close proximity to the shores of Lake Michigan and Chicago. Also nearby public transport options such as the Southshore train and new entertainment options such as Hard Rock Casino and the upcoming Lake County Convention and Visitors Center. This location will almost certainly see high appreciation for years to come.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1922
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: None
Basement
- Has basement: Yes
- Basement: Walk-Out Access
Features
- None
- Finished area above ground: 1,104
Heating
- Heating features: Baseboard,Hot Water
Property
Details
- Parcel number: 450809404003000004
- Zoning description: Residential
- Special condition: None
Features
- Levels: One
Lot
- Lot size: 3,049 sqft
- Features: Rectangular Lot
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
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $197 | $2,364 |
| Home Insurance * | $83 | $996 |
| Property Taxes | $74 | $888 |
| Electricity | $184 | $2,212 |
| Total | $538 | $6,456 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $39,000 |
| 2026-02-13 | Sold | $11,600 |
| 2011-01-02 | Listing removed | $15,900 |
| 2010-08-01 | Listed for sale | $15,900 |
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