5012 Arthur Street, Gary, IN 46408

• 3 beds |
• 2 baths |
• 1,696 sqft

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!

Listing Status:

Active

Data Last Updated:

September 21, 2026 at 3:21AM

Listing Office:

SCHUPP Real Estate : (219) 696-3596

Listing Agent:

John Schupp :

MLS ID:

843337

Interior

• General: Vaulted Ceiling(s)Country Kitchen
• Rooms: Bonus RoomPrimary BedroomLiving RoomKitchenDining RoomBedroom 3Bedroom 2
• Appliances: None
• Laundry: Laundry Room
• Basement: Crawl Space
• Heating: Forced AirNatural Gas

Exterior

• Parking: AttachedGarage Faces FrontOff Street

Construction

• General: Tri-Level

Location

• Originating MLS: nira
• County: Lake

Lot

• Zoning: FERN OAKS ALL L.24 BL.E ALL L.25 BL.E450832430019000001
• View: Neighborhood

Utilities

• Utilities: Electricity ConnectedWater ConnectedNatural Gas Connected100 Amp Service
• Water: Public
• Sewer: Septic Tank

Financial

• Source: nira