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2550 Harrison St, Gary, IN, 46407

2beds
1baths
975sqft
$105,000
$108price/sqft
$1,024/moest. monthly cost
$40,960/yrincome needed

About This Home

Newly rehabbed single-family home offering 2 bedrooms, 1 full bath, and an unfinished basement full of potential--including a layout that could easily accommodate an additional bedroom. Recent updates include a new roof, several new windows, updated HVAC system, water heater, and washer and dryer. The main level features a flexible floor plan with space for both living and dining areas, highlighted by a built-in electric fireplace and an abundance of natural light throughout. Enjoy outdoor living with an adorable front porch and a large backyard deck. Convenient exterior parking for approximately 1.5 vehicles off the alley, plus ample street parking. A great opportunity to own a move-in-ready home with room to grow.

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
58
BikeBikeable

Schools

4/10
3/10
Gary Middle SchoolGrades 6-85.8 mi
1/10

Construction

Condition

  • Year built: 1928

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Gas Range,Washer,Stainless Steel Appliance(s),Refrigerator,Microwave,Gas Water Heater,Dryer
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom2

  • Area: 136
  • Dimensions: 8.0 x 17.0

Bedrooms & Bathrooms

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

Dining Room

  • Area: 120
  • Dimensions: 10.0 x 12.0

Features

  • Ceiling Fan(s)
  • Window features: Wood Frames
  • Finished area above ground: 975

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 975
  • Total interior livable area: 975 sqft

Living Room

  • Area: 176
  • Dimensions: 11.0 x 16.0

Primary Bedroom

  • Area: 80
  • Dimensions: 8.0 x 10.0

Property

Details

  • Parcel number: 450816330024000004
  • Special condition: None

Features

  • Levels: One
  • Patio & porch: Deck,Front Porch
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 2,626 sqft
  • Features: Rectangular Lot

Parking

  • Parking features: Alley Access,Concrete

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
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
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 $530$6,360
Home Insurance *$223$2,676
Property Taxes $87$1,044
Electricity $184$2,212
Total$1,024$12,288
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,108/yr
40% on housing$30,720/yr
45% on housing$27,306/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

$108This listing

vs Other Active Listings

Avg $/sqft

ZIP 46407$32
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
2026-03-06Price change$105,000
2026-02-06Listed for sale$115,000
2025-03-07Sold$15,000
2025-03-03Pending sale$25,000
2025-01-21Price change$25,000
2025-01-01Price change$30,000
2024-11-09Price change$35,000
2024-10-28Price change$45,000
2024-10-26Price change$35,000
2024-10-10Price change$45,000
2024-09-26Listed for sale$55,000

For Sale by Agent

AgentAnne Chantos
BrokerageColdwell Banker Realty

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