4181 Monroe St, Gary, IN, 46408
About This Home
Renovated & Priced to Sell at Just 124,900! Welcome to 4181 Monroe in Gary, Indiana - a beautifully redone home offering incredible value and true move-in-ready convenience. Whether you're looking for your next home or a turnkey rental investment, this property checks all the boxes. The main floor features 2 comfortable bedrooms and a full bathroom, along with a bright, refreshed interior showcasing modern updates throughout. The basement expands your living space with a second full bathroom plus two bonus rooms - perfect for a home office, playroom, workout space, guest area, or additional storage. The flexible layout makes it ideal for both homeowners and investors looking to maximize functionality and rental appeal. With everything already updated, there's nothing left to do but move in or start generating income. At just 124,900, this is an amazing opportunity you don't want to miss!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1923
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Gas Dryer Hookup,Washer Hookup,Sink
Basement
- Has basement: Yes
- Basement: Sump Pump,Unfinished
Bedroom2
- Area: 150
- Dimensions: 15.0 x 10.0
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Area: 144
- Dimensions: 12.0 x 12.0
Features
- None
- Window features: Wood Frames
- Finished area above ground: 864
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 864
- Total interior livable area: 864 sqft
Kitchen
- Area: 120
- Dimensions: 10.0 x 12.0
Living Room
- Area: 156
- Dimensions: 13.0 x 12.0
Primary Bedroom
- Area: 180
- Dimensions: 15.0 x 12.0
Property
Details
- Parcel number: 450828404016000004
- Special condition: None
Features
- Levels: One and One Half
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Lot size: 6,098 sqft
- Features: Other
Parking
- Parking features: Alley Access,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
- Lightning
- Winter Weather
- 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 | $631 | $7,572 |
| Home Insurance * | $134 | $1,608 |
| Property Taxes | $150 | $1,800 |
| Electricity | $184 | $2,212 |
| Total | $1,099 | $13,188 |
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 |
|---|---|---|
| 2026-02-12 | Listed for sale | $124,900 |
| 2025-05-02 | Sold | $42,000 |
| 2025-04-24 | Pending sale | $49,000 |
| 2025-04-14 | Price change | $49,000 |
| 2025-04-01 | Price change | $55,000 |
| 2025-03-21 | Price change | $59,900 |
| 2025-02-19 | Listed for sale | $65,700 |
| 2020-09-10 | Sold | $11,100 |
| 2020-05-30 | Listed for sale | -- |
| 2020-04-09 | Listing removed | -- |
| 2020-04-02 | Listed for sale | -- |
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