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3850 Jackson St, Gary, IN, 46408

5beds
2baths
1,231sqft
$90,000
$73price/sqft
$900/moest. monthly cost
$36,000/yrincome needed

About This Home

Opportunity awaits in this solid brick single-family home, completely gutted and ready for your custom vision. With a strong structure and endless design potential, this is the ideal project for investors or buyers looking to create something truly special. Located in an area experiencing continued growth and revitalization, this property is ready for its next transformation.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

3/10
Glen Park AcademyGrades K-51.4 mi
4/10
1/10

Construction

Condition

  • Year built: 1928

Type & Style

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

Interior

Appliances

  • Appliances included: None

Basement

  • Level: Basement
  • Area: 1176
  • Dimensions: 56.0 x 21.0

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • None
  • Finished area above ground: 1,231

Heating

  • Heating features: None

Interior Area

  • Total structure area: 1,231
  • Total interior livable area: 1,231 sqft

Property

Details

  • Parcel number: 450828206011000004
  • Special condition: None

Features

  • Levels: Other
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 3,179 sqft
  • Features: Other

Parking

  • Parking features: None

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 WaveVery High
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Lightning
Strong Wind
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 $455$5,460
Home Insurance *$96$1,152
Property Taxes $165$1,980
Electricity $184$2,212
Total$900$10,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$30,857/yr
40% on housing$27,000/yr
45% on housing$24,000/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

$73This listing

vs Other Active Listings

Avg $/sqft

ZIP 46408$53
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46408$94
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
2026-07-30Listed for sale$90,000
2024-03-15Sold$30,000
2024-02-17Listed for sale$30,000
2023-06-13Listing removed--
2023-06-13Price change$32,500
2023-03-17Listed for sale$30,000

For Sale by Agent

AgentSamillia Bush
BrokerageListing Leaders Northwest

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