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$90,000
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Property Description
PRICED VERY AGGRESSIVELY with substantial ROI potential for the SAVVY investor or homeowner who knows an opportunity when they see one! And yes--we know--it is UGLY and smells like hell. It will not be winning any beauty contests but think of it as the "BEFORE" picture just waiting for somebody with vision, experience & skill to create the "AFTER." The initial cleanout and trash removal have been completed, but that is where the seller's work ends. Located SOUTH OF but near the Ridge Road corridor and conveniently positioned for access to I-65, I-80/94, shopping, employment and surrounding communities including Griffith, Highland and Merrillville. It offers investors a practical Northwest Indiana location with connections throughout the region and into Chicagoland. ALL bidders are welcome, but come prepared and expect it to be BUSY. Based on the list price and potential ROI, it is best to assume you will be competing. Electric and water are currently on. Cash offers must include current proof of funds held in the purchaser's name. Seller will not consider hard-money financing. A 5,000 earnest-money deposit must be delivered by ACH transfer or wire within 48 hours following acceptance. Allow 2 business days for the seller's response to any offer. Multiple-offer notices will not be issued, and offers will be presented as received. Offers submitted without the required proof of funds or financing documentation will not be eligible for consideration. Seller will provide clear title but will make no repairs, alterations or improvements and will not permit any work to be performed before, during or after inspections. Property is being sold strictly AS IS, WHERE IS and exactly as you see it & smell it. Seller will not provide concessions before or after inspections. Serious buyers are strongly encouraged to complete their own due diligence before submitting an offer. Do your homework, sharpen your pencil, hold your nose and put your best foot forward. Its going to be BUSY!
Full Property Details
Full Property Details for 5012 Arthur St
General
- Sold For: $90,000
- Taxes: $950 (2024)
- Status: Closed
- Type: Single Family
- Source: GNIAR
- MLS ID: 843337
- Added to Site: 65 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Vaulted Ceiling(s), Country Kitchen
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Garage Spaces: 1.5
- Parking Features: Attached, Garage Faces Front, Off Street
Location
- County: Lake
- Township: Calumet
- Subdivision: Fern Oaks
- Driving Directions: Cleveland St to W. 50th Ave, East to Arthur St, North to Home
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 1,696
- Year Built: 1956
Lot Features
- Lot Size (Acres): 0.269
- Lot Size (Sq. Ft.): 11,718
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $950
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: FERN OAKS ALL L.24 BL.E ALL L.25 BL.E
- Property ID: 450832430019000001
Listed and Sold by SCHUPP Real Estate
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Schools
Schools serving 5012 Arthur St
School District:Lake Ridge Schools
| Name | Grades | Distance |
|---|---|---|
Lake Ridge Middle School 3601 West 41st Avenue, Gary, IN 46408 | 5-8 | 1.6 mi |
Longfellow Elementary School, Gary, IN 45th/Calhoun Sts, Gary, IN 46408 | K-4 | 2.6 mi |
Calumet High School, Gary, IN 3900 Calhoun Street, Gary, IN 46408 | 9-12 | 2.9 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 5012 Arthur St
Date
Details
Price
Change
Source
10/01/2026
Sold
$90,000
-14.26%
MLS
9/23/2026
Price Reduced
$104,970
—
MLS
9/16/2026
Price Reduced
$104,975
-8.5%
MLS
9/14/2026
Price Reduced
$114,725
-0.02%
MLS
9/08/2026
Price Reduced
$114,750
-0.02%
MLS
8/31/2026
Price Reduced
$114,775
-0.02%
MLS
8/17/2026
Price Reduced
$114,800
-0.02%
MLS
8/13/2026
Price Reduced
$114,825
-0.02%
MLS
8/10/2026
Price Reduced
$114,850
-0.02%
MLS
8/03/2026
Listed
$114,875
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5012 Arthur Street, Gary, IN 46408 (MLS# 843337) is a Single Family property that was sold at $90,000 on October 01, 2026. Want to learn more about 5012 Arthur 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.

