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5006 Washington St, Gary, IN, 46408

3beds
1baths
1,212sqft
$145,000
$120price/sqft
$1,239/moest. monthly cost
$49,560/yrincome needed

About This Home

Welcome to 5006 Washington St, Gary, IN! This property offers a great opportunity for homeowners, investors, or buyers looking for a property with potential. Conveniently located on Washington St with easy access to major roadways, local amenities, shopping, dining, and nearby services. Property features a functional layout and presents an excellent opportunity to make it your own. Schedule your showing today!

Getting Around

69
WalkingSomewhat Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

3/10
Glen Park AcademyGrades K-50.2 mi
4/10
1/10

Construction

Condition

  • Year built: 1959

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom2

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0

Bedroom3

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • None
  • Finished area above ground: 1,212

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 1,212
  • Total interior livable area: 1,212 sqft

Kitchen

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0

Living Room

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0

Primary Bedroom

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0

Property

Details

  • Parcel number: 450833432015000004
  • Special condition: Standard

Features

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

Lot

  • Lot size: 5,079 sqft
  • Features: Back Yard,Rectangular Lot,Front Yard

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Lightning
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 $733$8,796
Home Insurance *$156$1,872
Property Taxes $166$1,992
Electricity $184$2,212
Total$1,239$14,868
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,480/yr
40% on housing$37,170/yr
45% on housing$33,040/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

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 46408$52
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)

Price History

DateEventPrice
2026-07-14Listed for sale$145,000
2023-01-24Listing removed--
2023-01-06Listed for rent$1,000
2020-03-25Listing removed$1,000
2020-03-21Listed for rent$1,000
2020-03-10Sold$30,000
2020-01-31Listed for sale$60,000
2019-09-25Listing removed$950
2019-08-28Listed for rent$950
2014-02-13Sold$13,000
2013-11-23Listed for sale$19,900
2013-05-21Sold$25,000
2004-10-25Sold$66,000

For Sale by Agent

AgentAngelo Pedroza
BrokerageEstate Squared Away

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