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$139,900 Just Listed
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Property Description
Discover a well maintained, income producing property in a quiet residential pocket of Gary's west side. This solid single family home offers dependable cash flow from day one, making it an excellent opportunity for investors seeking a turnkey addition to their portfolio. For those who want to move into their beautiful new home, the Lease is up on 3/31/26. Inside, the home features a comfortable layout with spacious living areas, generous bedroom sizes, and functional updates that support long term tenant satisfaction. The property has been cared for and stabilized, providing a reliable rental history and minimal upcoming maintenance needs. Outside, the home sits on a nicely sized lot with room for outdoor enjoyment, parking, and future value add potential. With the current tenant in place and paying fifteen fifty per month, this property delivers immediate returns without the downtime of leasing or renovations. Whether you're expanding your rental holdings or looking for a low maintenance investment, this home offers a strong blend of stability, affordability, and ongoing income.
Full Property Details
Full Property Details for 4138 W 20th Ave
General
- Price: $139,900
- Taxes: $1,157 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 834040
- 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: Driveway, On Street
Location
- County: Lake
- Township: Calumet
- Subdivision: Tarrytown First Sub
- Driving Directions: Clark toW 21st Ave., East to Lane, North to W. 20th, home will be on your right-hand side. Okay to park in driveway or on the street
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 981
- Year Built: 1954
Lot Features
- Lot Size (Acres): 0.115
- Lot Size (Sq. Ft.): 5,009
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $1,157
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: TARRYTOWN FIRST SUBDIVISION ALL L.28 BL.4
- Property ID: 450807378016000004
Listed by McCormick Real Estate, Inc.
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Schools
Schools serving 4138 W 20th Ave
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Frankie W Mccullough Academy For Girl 1110 West 21st Avenue, Gary, IN 46407 | K-5 | 2 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 4.2 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 | 1.3 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 4138 W 20th Ave
Date
Details
Price
Change
Source
2/14/2026
Listed
$139,900
35.83%
MLS
12/30/2024
Sold
$103,000
—
Public Record
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
Tax History for 4138 W 20th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,120
-86%
$99,400
8%
2023
$8,129
970%
$92,200
36%
2022
$760
-41%
$67,800
355%
2020
$1,286
-1%
$14,900
2%
2019
$1,298
—
$14,600
-22%
2019
$1,298
11%
$18,700
—
2018
$1,171
167%
$18,700
-1%
2017
$439
—
$18,900
-4%
2017
$439
-2%
$19,600
-35%
2016
$448
-29%
$30,100
-9%
2015
$634
28%
$33,100
2%
2013
$497
1%
$32,400
4%
2012
$491
—
$31,100
—
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 4138 W 20th Ave
4138 W 20th Avenue, Gary, IN 46404 (MLS# 834040) is a Single Family property with 3 bedrooms and 1 full bathroom. 4138 W 20th Avenue is currently listed for $139,900 and was received on February 14, 2026. Want to learn more about 4138 W 20th Avenue? 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.

