# 1565 Wallace Street, Gary, IN 46404 > **TL;DR:** 3bd/2ba single family, $100,000 ($40/sqft), built 1964, 2,497 sqft. > 2-car garage. Est. $535/mo. Listed 21 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $100,000 | | Price/sqft | $40 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 2,497 | | Year Built | 1964 | | Lot Size | 9,365 sqft (0.21 acres) | | Stories | 1 | | Garage | 2-car | | Property Type | Single Family (Single Family Residence) | | Status | Pending | | Days on Market | 21 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $506 | | Estimated Insurance | $29 | | **Total** | **$535** | ## Key Amenities - 2-car garage ## Property Highlights - Built in 1964 - 0.21 acre lot ## Description ### Agent 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! ## Location - **Address:** 1565 Wallace Street, Gary, IN 46404 - **County:** Lake - **Neighborhood:** Carlisle Add - **Coordinates:** 41.586658, -87.38251 - **Google Maps:** https://www.google.com/maps?q=41.586658,-87.38251 ## Listing Agent - **Name:** Alan Harrell - **Brokerage:** McColly Real Estate - **Broker Phone:** (219) 864-7200 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1565-Wallace-St_Gary_IN_46404_M38902-95020?f=listhub&s=GNIARIN&m=846697&c=propsimple) ## Photos ![1565 Wallace Street - Photo 1](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3820291679r.jpg) ![1565 Wallace Street - Photo 2](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f4011410007r.jpg) ![1565 Wallace Street - Photo 3](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f836139877r.jpg) ![1565 Wallace Street - Photo 4](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3510863269r.jpg) ![1565 Wallace Street - Photo 5](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3797796732r.jpg) ![1565 Wallace Street - Photo 6](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3288119103r.jpg) ![1565 Wallace Street - Photo 7](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2040417183r.jpg) ![1565 Wallace Street - Photo 8](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2556581650r.jpg) ![1565 Wallace Street - Photo 9](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2264570600r.jpg) ![1565 Wallace Street - Photo 10](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3211793379r.jpg) ![1565 Wallace Street - Photo 11](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2291213952r.jpg) ![1565 Wallace Street - Photo 12](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1277172439r.jpg) ![1565 Wallace Street - Photo 13](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2689142096r.jpg) ![1565 Wallace Street - Photo 14](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2281916211r.jpg) ![1565 Wallace Street - Photo 15](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1350270809r.jpg) ![1565 Wallace Street - Photo 16](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f157145293r.jpg) ![1565 Wallace Street - Photo 17](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3940927228r.jpg) ![1565 Wallace Street - Photo 18](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3018013363r.jpg) ![1565 Wallace Street - Photo 19](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3942976489r.jpg) ![1565 Wallace Street - Photo 20](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1919687594r.jpg) ![1565 Wallace Street - Photo 21](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2925270887r.jpg) ![1565 Wallace Street - Photo 22](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1148535944r.jpg) ![1565 Wallace Street - Photo 23](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f4187799126r.jpg) ![1565 Wallace Street - Photo 24](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2528452449r.jpg) ![1565 Wallace Street - Photo 25](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2275051157r.jpg) ![1565 Wallace Street - Photo 26](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f647539435r.jpg) ![1565 Wallace Street - Photo 27](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f858039644r.jpg) ![1565 Wallace Street - Photo 28](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1143605635r.jpg) ![1565 Wallace Street - Photo 29](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1991672166r.jpg) ![1565 Wallace Street - Photo 30](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f514150858r.jpg) ![1565 Wallace Street - Photo 31](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3484694792r.jpg) ![1565 Wallace Street - Photo 32](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f223134124r.jpg) ![1565 Wallace Street - Photo 33](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1781637157r.jpg) ![1565 Wallace Street - Photo 34](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3227684401r.jpg) ![1565 Wallace Street - Photo 35](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2493664288r.jpg) ![1565 Wallace Street - Photo 36](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2264570600r.jpg) ![1565 Wallace Street - Photo 37](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3211793379r.jpg) ![1565 Wallace Street - Photo 38](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2291213952r.jpg) ![1565 Wallace Street - Photo 39](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2281771641r.jpg) ![1565 Wallace Street - Photo 40](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f350729402r.jpg) ![1565 Wallace Street - Photo 41](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3443341634r.jpg) ![1565 Wallace Street - Photo 42](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f2667896455r.jpg) ![1565 Wallace Street - Photo 43](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f1835634703r.jpg) ![1565 Wallace Street - Photo 44](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f675369543r.jpg) ![1565 Wallace Street - Photo 45](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f3049582227r.jpg) ![1565 Wallace Street - Photo 46](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f263853882r.jpg) ![1565 Wallace Street - Photo 47](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f408916186r.jpg) ![1565 Wallace Street - Photo 48](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f759174218r.jpg) ![1565 Wallace Street - Photo 49](http://lh.rdcpix.com/e144540e484045950cf774e1581cf37el-f836139877r.jpg) --- **MLS#:** 846697 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1565-wallace-street-gary-in-46404-b422f082e9764410a782a7aba26bbaae) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1565-wallace-street-gary-in-46404-b422f082e9764410a782a7aba26bbaae#listing", "url": "https://www.propertysimple.ai/listing/1565-wallace-street-gary-in-46404-b422f082e9764410a782a7aba26bbaae", "name": "1565 Wallace Street, Gary, IN 46404", "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. 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