$139,900

3940 Pierce Street, Gary, IN 46408

3 beds |
1 bath |
748 sqft

Single-Family Home
Built in 1955
3,746sqft lot
—— car garage
$187/sqft
Listed 1 day ago

Property Description

Welcome to a well kept home in Calumet Township offering both comfort and strong financial upside. With current rent at sixteen hundred per month, this property performs in the 10-12 perc cap rate range, making it an appealing option for buyers who want a move in ready residence that also builds long term equity. The home features a practical layout, a bright living area, and a spacious yard--ideal for everyday living, outdoor enjoyment, or future improvements. Its location near Indiana University Northwest, major employers, and key transit routes ensure steady demand and lasting value. Whether you're looking for an affordable primary home or a smart investment with immediate income potential, this property delivers versatility and long term stability.

Listing Status:: Active
Data Last Updated:: February 14, 2026 at 7:21AM
Listing Office:: McCormick Real Estate, Inc. : (219) 663-9300
Listing Agent:: Jeff McCormick :
MLS ID:: 834042

General: None
Rooms: Bedroom 2Primary BedroomLiving RoomKitchenBedroom 3
Appliances: MicrowaveRefrigeratorRange
Laundry: Gas Dryer HookupWasher Hookup
Basement: Unfinished
Heating: Forced Air

Parking: On Street

General: One

Originating MLS: nira
County: Lake

Zoning: 1ST SUB. OAKINGTON PARK N.30 FT. L.3 BL.1450828155012000004
View: None

Utilities: Electricity ConnectedWater ConnectedSewer ConnectedNatural Gas Connected100 Amp Service
Water: Public
Sewer: Public Sewer

Source: nira

This listing courtesy of Jeff McCormick , McCormick Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Glen Park Academy

5002 Madison St, Gary, IN, 46408

Grades KG-5

1.39 miles away

Bailly STEM Academy

4621 Georgia St, Gary, IN, 46409

Grades 6-8

1.61 miles away

Gary Career Center

1800 E 35th Ave, Gary, IN, 46409

Grades KG-12

1.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.