Date
Details
Price
Change
Source
10/11/2026
Listed
$100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$100,000 Just Listed
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Property Description
Welcome to 1565 Wallace Street! This spacious, all-brick ranch offers over 3,000 square feet of living space and endless potential. Featuring 3 bedrooms, 2 full bathrooms, an attached 2-car garage, and a concrete back patio perfect for outdoor entertaining, the bones and structure are ready for your vision. While the home is in need of some TLC, it presents an exceptional opportunity for investors seeking a profitable turn-key project or homebuyers looking to build immediate sweat equity. Situated on a classic, picture-perfect street lined with well-maintained brick ranches, this neighborhood charm makes the investment all the more rewarding. Needing some TLC, making it the perfect candidate for a home renovator, flipper, or buyer looking to customize their dream home while adding massive equity!! Opportunities with this much space on a block like this don't come around often. Bring your contractor and your creative vision! Don't miss out on unlocking the true value of this solid Gary home--schedule your showing today!
Full Property Details
Full Property Details for 1565 Wallace St
General
- Price: $100,000
- Taxes: $3,043 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 846697
- Updated: 10/11/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: None
- Appliances: Dryer, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Rain Gutters
Parking
- Garage Spaces: 2
- Parking Features: Attached, Garage Faces Front, Driveway, Concrete, Off Street, Garage Door Opener
Location
- County: Lake
- Township: Calumet
- Subdivision: Carlisle Add
- Driving Directions: From Grant Steet , proceed to 15th Ave, West on 15th Ave to Wallace, Turn left and proceed South on Wallace to property on left.
School Information
- High School District: Gary
Heating & Cooling
- Heating Type: Central, Natural Gas, Forced Air
Structural Information
- Square Feet: 2,497
- Year Built: 1964
Lot Features
- Lot Size (Acres): 0.215
- Lot Size (Sq. Ft.): 9,365
- Lot Features: Back Yard, Rectangular Lot, Front Yard, Few Trees
Financial Considerations
- Tax Amount: $3,043
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: CARLISLE ADD. ALL LOTS 18, 19 & 20
- Property ID: 450807403012000004
Listed by McColly Real Estate
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— 1565 Wallace St —
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NMLS#: 1598647
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Schools
Schools serving 1565 Wallace St
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Frankie W Mccullough Academy For Girl 1110 West 21st Avenue, Gary, IN 46407 | K-5 | 1.7 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 3.9 mi |
Bailly Preparatory Academy 4621 Georgia Street, Gary, IN 46409 | 6-8 | 4.7 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1565 Wallace St
Tax History
Tax History for 1565 Wallace St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,894
—
$137,800
14%
2024
$2,894
-71%
$121,300
8%
2023
$9,910
148%
$112,400
7%
2022
$3,992
-52%
$104,700
8%
2020
$8,265
298%
$96,700
3%
2019
$2,078
—
$93,800
-7%
2019
$2,078
-9%
$100,600
-3%
2018
$2,277
-4%
$104,200
-3%
2017
$2,383
—
$107,200
-4%
2017
$2,383
10%
$111,800
-3%
2016
$2,164
-11%
$115,000
-6%
2015
$2,430
17%
$122,900
4%
2013
$2,084
—
$118,200
1%
2012
$2,085
—
$116,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1565 Wallace St
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- Single Family
- Active
- 3Beds
- 2Total Baths
- 1,800Sq. Ft.
Listed by Listing Leaders
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,904Sq. Ft.
Listed by Haven Realty
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,196Sq. Ft.
Listed by Region Real Estate LLC
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,488Sq. Ft.
Listed by Williams Executive Realty & As
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- Single Family
- Active
- Updated 4 hours ago
- 2Beds
- 1Total Bath
- 650Sq. Ft.
Listed by House Services, LLC
- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 1Total Bath
- 760Sq. Ft.
Listed by McColly Real Estate
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 1Total Bath
- 2,426Sq. Ft.
Listed by Century 21 Alliance Group
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 1,914Sq. Ft.
Listed by Epique Realty
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,314Sq. Ft.
Listed by Better Homes and Gardens Real
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 1,708Sq. Ft.
Listed by Ned Realty, LLC
- Condo
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 1,600Sq. Ft.
Listed by McColly Real Estate
- Condo
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 1,264Sq. Ft.
Listed by Keller Williams Preferred Real
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- Single Family
- Closed
- 4Beds
- 2Total Baths
- 1,406Sq. Ft.
Listed by McCormick Real Estate, Inc.
Sold by McCormick Real Estate, Inc.
Sold by McCormick Real Estate, Inc.
- Single Family
- Closed
- 2Beds
- 1Total Bath
- 825Sq. Ft.
Listed by Listing Leaders
Sold by McColly Real Estate
Sold by McColly Real Estate
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 925Sq. Ft.
Listed by BS Realty Services Indiana LLC
Sold by BS Realty Services Indiana LLC
Sold by BS Realty Services Indiana LLC
- Single Family
- Closed
- 2Beds
- 1Total Bath
- 1,216Sq. Ft.
Listed by Majestic Real Estate Group, LL
Sold by Ellsbury Group
Sold by Ellsbury Group
1565 Wallace Street, Gary, IN 46404 (MLS# 846697) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1565 Wallace Street is currently listed for $100,000 and was received on October 11, 2026. Want to learn more about 1565 Wallace Street? Do you have questions about finding other Single Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.