About This Home

This 3-bedroom, 2-bathroom single family at 1565 Wallace Street in Gary, IN is listed for $100,000 ($40 per sqft). Built in 1964, the home offers 2,497 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 1964
  • 0.21 acre lot

Property Details

1 story
2 full
2-car garage
1964
Listing 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!

Monthly Cost Estimate

$535/mo

20% down · 6.5% · 30 years

Principal$72
Interest$433
Insurance$29

Estimates only. Actual payments may vary.

Location

1565 Wallace Street

Gary, IN 46404

Carlisle Add

Features & Amenities

Exterior Features

Rain Gutters

Property Details

Parking

OpenOff StreetGarageDriveway

Heating

Forced AirCentralNatural Gas

Appliances

DryerWasherStainless Steel Appliance(s)Range HoodRefrigeratorGas Range

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1565 Wallace Street is listed at $100,000 ($40/sqft). The estimated monthly payment is $535 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, 0.21 acre lot. Exterior Features: Rain Gutters.

This property is listed by Alan Harrell.

AH

Alan Harrell

Agent at McColly Real Estate

Listed by McColly Real Estate · Broker phone: (219) 864-7200 · View on Broker Site · Broker website

MLS# 846697· Source: Greater Northwest Indiana Association of REALTORS· 19 days on PropertySimple

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1565 Wallace Street, Gary, IN 46404

Open this listing in: