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2461 Delaware St, Gary, IN, 46407

2beds
1baths
600sqft
$9,000
$15price/sqft
$266/moest. monthly cost
$10,640/yrincome needed

About This Home

2 Bedroom, 1 Bathroom ranch style home in need of restoration. Cash offers only. Hard money is not cash!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

3/10
Gary Middle SchoolGrades 6-85.1 mi
1/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1926

Type & Style

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

Interior

Appliances

  • Appliances included: None

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom2

  • Area: 100
  • Dimensions: 10.0 x 10.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Area: 100
  • Dimensions: 10.0 x 10.0

Features

  • None
  • Finished area above ground: 600

Heating

  • Heating features: None

Interior Area

  • Total structure area: 600
  • Total interior livable area: 600 sqft

Kitchen

  • Area: 100
  • Dimensions: 10.0 x 10.0

Living Room

  • Area: 100
  • Dimensions: 10.0 x 10.0

Primary Bedroom

  • Area: 100
  • Dimensions: 10.0 x 10.0

Property

Details

  • Parcel number: 450815180015000004
  • Special condition: None

Features

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

Lot

  • Lot size: 3,005 sqft
  • Features: Back Yard,Rectangular Lot,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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
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 $45$540
Home Insurance *$19$228
Property Taxes $18$216
Electricity $184$2,212
Total$266$3,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$9,120/yr
40% on housing$7,980/yr
45% on housing$7,093/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

$15This listing

vs Other Active Listings

Avg $/sqft

ZIP 46407$33
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46407$53
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
2026-04-29Price change$10,000
2026-04-15Listed for sale$15,000
2026-04-07Sold$3,300
2022-05-25Sold$500

For Sale by Agent

AgentJorrdan Orr
BrokerageMcColly Real Estate

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