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$174,900 Just Listed
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Property Description
This beautifully updated brick ranch offers the perfect blend of character, functionality, and additional living space in one of Gary's most established neighborhoods. Step inside to find refinished hardwood floors throughout the main level, fresh neutral paint, and recessed lighting that gives the home a bright, modern feel. The spacious living and dining areas flow effortlessly, creating a warm and inviting space for everyday living or entertaining. The main level features two generously sized bedrooms and a full bath, offering comfortable and practical layout design. The updated kitchen showcases new cabinetry, granite countertops, and stainless steel appliances, combining style and functionality with plenty of prep and storage space. Downstairs, the fully finished basement expands your living options significantly. With a large family room, a bonus room that could function as a bedroom, office, or flex space, and a three-quarter bathroom, this lower level offers excellent potential for related living, guest space, or extended household needs. Outside, enjoy a fully fenced yard with ample space and off-street parking. If you're looking for move-in ready condition with flexible living space in the desirable Horace Mann area, this is one you won't want to miss. Schedule your private showing today!
Full Property Details
Full Property Details for 541 Taft Pl
General
- Price: $174,900
- Taxes: $686 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 834440
- Updated: 2/23/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Ceiling Fan(s), Recessed Lighting, In-Law Floorplan, Granite Counters, Entrance Foyer
- Appliances: Microwave, Refrigerator, Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Parking Features: Alley Access, On Street, Concrete
Location
- County: Lake
- Township: Calumet
- Subdivision: Gary Land Companys 05
- Driving Directions: East on Fifth Ave to Taft Pl., turn Right. House is on the left hand side.
Heating & Cooling
- Heating Type: Central, Natural Gas
Structural Information
- Square Feet: 1,952
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.115
- Lot Size (Sq. Ft.): 5,009
- Lot Features: Back Yard, Rectangular Lot, Near Public Transit, Front Yard, Few Trees
Financial Considerations
- Tax Amount: $686
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: GARY LAND CO'S. 5TH SUB. L.27 B.8
- Property ID: 450805335006000004
Listed by Advanced Real Estate, LLC
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Schools
Schools serving 541 Taft Pl
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Beveridge Elementary School 1234 Cleveland Street, Gary, IN 46404 | K-5 | 0.8 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 3.4 mi |
Bailly Preparatory Academy 4621 Georgia Street, Gary, IN 46409 | 6-8 | 5.1 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 2.2 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 541 Taft Pl
Date
Details
Price
Change
Source
2/23/2026
Listed
$174,900
105.76%
MLS
12/22/2025
Sold
$85,000
—
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 541 Taft Pl
Year
Property Taxes
Change
Tax Assessment
Change
2024
$704
-86%
$60,900
6%
2023
$5,043
686%
$57,200
-1%
2022
$642
-32%
$57,500
8%
2020
$943
68%
$53,300
1%
2019
$560
—
$52,700
5%
2019
$560
3%
$50,000
6%
2018
$542
-1%
$47,100
-1%
2017
$550
—
$47,500
-4%
2017
$550
-3%
$49,500
-7%
2016
$568
5%
$53,000
1%
2015
$542
-12%
$52,700
2%
2013
$615
-2%
$51,600
1%
2012
$625
—
$51,100
—
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 541 Taft Pl
541 Taft Place, Gary, IN 46404 (MLS# 834440) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 541 Taft Place is currently listed for $174,900 and was received on February 23, 2026. Want to learn more about 541 Taft Place? 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.

