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$139,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 748 Sq. Ft.
  • Updated 4 days ago
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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 Property Details for 3940 Pierce St

General

  • Price: $139,900
  • Taxes: $1,751 (2024)
  • Status: Active
  • Type: Single Family
  • Source: GNIAR
  • MLS ID: 834042
  • Updated: 2/15/2026
  • Added to Site: 5 day(s) ago

Interior

  • Number of Rooms: 5
  • Interior Features: None
  • Appliances: Microwave, Refrigerator, Range

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Parking

  • Parking Features: On Street

Location

  • County: Lake
  • Township: Calumet
  • Subdivision: Oakington Park 1st Sub
  • Driving Directions: W. 37th Avenue to Pierce Street, south on Pierce to Home

Heating & Cooling

  • Heating Type: Forced Air

Structural Information

  • Square Feet: 748
  • Year Built: 1955

Lot Features

  • Lot Size (Acres): 0.086
  • Lot Size (Sq. Ft.): 3,746
  • Lot Features: Back Yard

Financial Considerations

  • Tax Amount: $1,751
  • Tax Year: 2024
  • Terms: Cash, VA Loan, FHA, Conventional

Disclosures and Reports

  • Legal Description: 1ST SUB. OAKINGTON PARK N.30 FT. L.3 BL.1
  • Property ID: 450828155012000004

Listed by McCormick Real Estate, Inc.

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Listing agents

— 3940 Pierce St —

  • McCormick Real Estate, Inc.

  • McCormick Real Estate, Inc.

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3940 Pierce St

School District:Gary Community School Corporation
NameGradesDistance
Glen Park Academy For Excel In Lrn
5002 Madison Street, Gary, IN 46408
K-51.4 mi
Mary M Bethune Early Child Development Center
2367 East 21st Avenue, Gary, IN 46407
PK-3.2 mi
Bailly Preparatory Academy
4621 Georgia Street, Gary, IN 46409
6-81.6 mi
West Side Leadership Academy
9th & Gerry St, Gary, IN 46406
9-124.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3940 Pierce St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/14/2026
Listed
$139,900
21.65%
MLS
1/17/2025
Sold
$115,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3940 Pierce St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$879
-62%
$69,800
167%
2023
$2,301
67%
$26,100
21%
2022
$1,381
-35%
$21,500
8%
2020
$2,141
42%
$20,000
-18%
2019
$1,508
—
$24,300
-12%
2019
$1,508
9%
$27,600
-7%
2018
$1,378
113%
$29,600
-1%
2017
$646
—
$29,900
1%
2017
$646
2%
$29,600
-13%
2016
$631
-12%
$33,900
1%
2015
$715
-63%
$33,600
2%
2013
$1,948
-3%
$33,000
—
2012
$2,004
—
$33,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by McCormick Real Estate, Inc.

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3940 Pierce Street, Gary, IN 46408 (MLS# 834042) is a Single Family property with 3 bedrooms and 1 full bathroom. 3940 Pierce Street is currently listed for $139,900 and was received on February 14, 2026. Want to learn more about 3940 Pierce 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.

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