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7266 Polk St, Merrillville, IN, 46410

3beds
2baths
2,080sqft
$260,000
$125price/sqft
$1,871/moest. monthly cost
$74,840/yrincome needed

About This Home

Bring your vision to this 3 Bedroom 2 bath home - 7266 Polk! The dated finishes and shag carpeting have already been removed, leaving a blank canvas ready for its next chapter. The renovation was started but not completed, offering an excellent opportunity for an investor, renovator, or buyer who wants to select the finishes and make the home their own. The hard part--seeing beyond the old decor--has already begun. Now it's ready for someone to complete the transformation. Sold as-is.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

4/10
5/10
Pierce Middle SchoolGrades 7-81.1 mi
3/10
Merrillville High SchoolGrades 9-121.2 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1968

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator
  • Laundry features: Gas Dryer Hookup,Washer Hookup

Bedroom2

  • Level: Upper
  • Area: 100
  • Dimensions: 10.0 x 10.0

Bedroom3

  • Level: Upper
  • Area: 130
  • Dimensions: 13.0 x 10.0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Bonus Room

  • Level: Lower
  • Area: 130
  • Dimensions: 13.0 x 10.0

Bonus Room

  • Level: Lower
  • Area: 99
  • Dimensions: 11.0 x 9.0

Family Room

  • Level: Lower
  • Area: 276
  • Dimensions: 23.0 x 12.0

Features

  • Entrance Foyer,None,Kitchen Island
  • Finished area above ground: 1,040

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 2,080
  • Total interior livable area: 2,080 sqft

Kitchen

  • Level: Upper
  • Area: 160
  • Dimensions: 16.0 x 10.0

Laundry

  • Level: Lower
  • Area: 160
  • Dimensions: 16.0 x 10.0

Living Room

  • Level: Upper
  • Area: 224
  • Dimensions: 16.0 x 14.0

Primary Bedroom

  • Level: Upper
  • Area: 140
  • Dimensions: 14.0 x 10.0

Property

Details

  • Parcel number: 451216181002000030
  • Special condition: None

Features

  • Levels: Bi-Level
  • Pool features: None
  • Fencing: Back Yard,Fenced,Chain Link
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 9,147 sqft
  • Features: Back Yard,Few Trees

Parking

  • Total spaces: 1
  • Parking features: Attached,Paved,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: 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 WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
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 $1,314$15,768
Home Insurance *$164$1,968
Property Taxes $203$2,436
Electricity $190$2,288
Total$1,871$22,452
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,148/yr
40% on housing$56,130/yr
45% on housing$49,893/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

$125This listing

vs Other Active Listings

Avg $/sqft

ZIP 46410$138
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46410$147
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
2026-07-23Listed for sale$260,000
2021-11-30Sold$199,900
2021-10-20Listed for sale$199,900

For Sale by Agent

AgentDennis Scherer
BrokerageRealty Executives Premier

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