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3916 Monroe St, Gary, IN, 46408

0beds
--baths
1,052sqft
$17,000
$16price/sqft
$319/moest. monthly cost
$12,760/yrincome needed

About This Home

INVESTOR SPECIAL! Welcome to 3916 Monroe, a prime opportunity for your next rehab project. This home is ready for your vision and creativity to bring it back to its full potential. Don't delay and call for your showing today! Home Sold As-Is, where-is.

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

3/10
Glen Park AcademyGrades K-51.3 mi
4/10
1/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1920

Type & Style

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

Interior

Appliances

  • Appliances included: None

Basement

  • Has basement: Yes
  • Basement: Unfinished

Features

  • None
  • Finished area above ground: 1,052

Heating

  • Heating features: None

Interior Area

  • Total structure area: 1,052
  • Total interior livable area: 1,052 sqft

Property

Details

  • Parcel number: 450828253014000004
  • Zoning description: residential
  • Special condition: None

Features

  • Levels: One
  • Exterior features: None
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 6,403 sqft
  • Features: Back Yard,Near Public Transit,Front Yard

Parking

  • Parking features: Detached,On Street,Concrete
  • Has garage: Yes

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 $85$1,020
Home Insurance *$18$216
Property Taxes $32$384
Electricity $184$2,212
Total$319$3,828
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$10,937/yr
40% on housing$9,570/yr
45% on housing$8,506/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

$16This listing

vs Other Active Listings

Avg $/sqft

ZIP 46408$54
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)

No zestimate history available

Price History

DateEventPrice
2026-03-16Listed for sale$17,000
2026-03-04Listing removed$15,000
2025-06-10Pending sale$15,000
2025-05-16Listed for sale$15,000
2025-04-08Pending sale$15,000
2025-03-07Listed for sale$15,000
2023-01-20Sold$1,900

For Sale by Agent

AgentFrederick Long
BrokerageBetter Homes and Gardens Real

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