$135,000

beds

bath

748

square ft

3940 Pierce Street

Gary, Indiana 46408

Active / MLS #834042 / Single Family / Gary

Listing information updated 3/10/2026 at 12:44pm

Welcome to a well kept home in Calumet Township offering both comfort and strong financial upside. With current rent at sixteen hundred per month, this property performs in the 10-12 perc cap rate range, making it an appealing option for buyers who want a rent ready residence that also builds long term equity. For those who want to move into their beautiful new home, the Lease is up on 3/31/26. The home features a practical layout, a bright living area, and a spacious yard--ideal for everyday living, outdoor enjoyment, or future improvements. Its location near Indiana University Northwest, major employers, and key transit routes ensure steady demand and lasting value. Whether you're looking for an affordable primary home or a smart investment with immediate income potential, this property delivers versatility and long term stability.

Full Features

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Microwave, Refrigerator, Range

Main Level Primary Bedroom:

Yes

Pool:

Age:

71 Years

Parking Type:

On Street

Garage:

On Street

Room Count:

Water Front:

Square Feet:

748

Lot Size:

0.086 Acres

Acreage:

0.086

Internal Features:

None

Room Information

Living Room:

14.0 x 11.0

Kitchen:

9.0 x 8.0

Primary Bedroom:

12.0 x 10.0

2nd Bedroom:

10.0 x 10.0

3rd Bedroom:

10.0 x 9.0

Taxes & Assessments

Tax Amount:

$1,751

Tax Year:

2024

Location

Zip Code:

46408

City:

Gary

County:

Lake

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Microwave, Refrigerator, Range

Main Level Primary Bedroom:

Yes

Pool:

Age:

71 Years

Parking Type:

On Street

Garage:

On Street

Room Count:

Water Front:

Square Feet:

748

Lot Size:

0.086 Acres

Acreage:

0.086

Internal Features:

None

Living Room:

14.0 x 11.0

Kitchen:

9.0 x 8.0

Primary Bedroom:

12.0 x 10.0

2nd Bedroom:

10.0 x 10.0

3rd Bedroom:

10.0 x 9.0

Tax Amount:

$1,751

Tax Year:

2024

Zip Code:

46408

City:

Gary

County:

Lake

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: McCormick Real Estate, Inc.

Listing Office Phone: 219.663.9300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/10/2026 at 12:44pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.