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Key Facts

3Beds

1Baths

925Sq Ft

1955Year Built

0.17Lot (acres)

2Garage

$90,000

$95,000 · Price reduced

Active19 days on marketListed July 1, 2026

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Description

2040 Lane St, Gary, IN 46404 offers a 3 bed, 1 bath layout with 925 sq ft of living space in good condition with cosmetic updates. The home features a functional floor plan with comfortable living areas and well-sized bedrooms. The kitchen and dining spaces provide great potential for personalization. Foundation is solid, with electrical and plumbing systems reported in good condition. Ideal as a starter home or investment opportunity in a convenient location. Property sold AS-I

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Year Built

1955

Living Area

925 sq ft

Lot Size

0.17 acres

Garage Spaces

Days on Market

MLS® Listing#

841601

Property Features

Appliances

Gas RangeRefrigerator

Cooling

Ceiling Fan(s)

Heating

Forced Air

Parking

AttachedDriveway

Fencing

Back Yard

Lot Features

Back Yard

Sewer

Public Sewer

Water Source

Public

Financial Details

HOA

None

Annual Taxes

$1,196

Tax year 2024

Assessed Value

$47,700

Parcel Number

450807379013000004

Directions

20tu ave to lane to property

Affordability Calculator

Home Price

Down Payment

$18,000

Interest Rate (%)

Loan Term

Estimated monthly payment

$479/mo

Principal $72,000 · Est. interest $100,446 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Gary, IN

58
Median Days on Market: 1,397
Median Sq Ft: $91
Median Price / Sq Ft: 274
Active Listings

Its price per sq ft is 7% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Gary, IN.

Location

Map is currently unavailable for this location.

Points of Interest in Gary, IN

Commute Calculator

Nearby Homes

$90,000

3 bed · 1 bath

2040 Lane Street, Gary, IN

0.0 mi away

$119,000

3 bed · 1 bath

4138 W 20th Avenue, Gary, IN

0.0 mi away

$151,900

3 bed · 1 bath

2080 Wright Street, Gary, IN

0.1 mi away

$95,000

3 bed · 1 bath

4247 W 19th Place, Gary, IN

0.1 mi away

$119,900

4 bed · 2 bath

2003 Wright Street, Gary, IN

0.2 mi away

$610,000

20 bed · 6 bath

2059 Williams Street, Gary, IN

0.2 mi away

Similar Homes Nearby

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4 beds · 1 bath · 1,400 sq ft
1715 W Ridge Road, Gary, IN 46408
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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
1715 W Ridge Road, Gary, IN	$64,900	4	1	1,400
1300 Carolina Street, Gary, IN	$65,000	2	1	800
2456 Mount Street, Gary, IN	$67,000	2	1	525
437 Jackson Street, Gary, IN	$69,000	4	3	1,536
1273 New Jersey Street, Gary, IN	$69,000	3	1	947
216 Ellsworth Street, Gary, IN	$69,900	2	1	1,242

Moving Cost Estimate

EXIT Agents in Gary

Sonja Henson Powell
Associate Broker
EXIT Strategy RealtySchererville, IN
(773) 633-0900
sonjahenson525@gmail.com
Mohammed Doleh
Associate Broker
EXIT Strategy RealtySchererville, IN
(708) 478-9992
moe@doleh.us
Christine Mojica
Sales Representative
EXIT Strategy RealtySchererville, IN
(773) 879-2169
chrissysells4exit@gmail.com
Kyle Edlin
Sales Representative
EXIT Strategy RealtySchererville, IN
(270) 402-1744
kyleedlin1@yahoo.com
Nick Libert
Franchisee
EXIT Strategy RealtySchererville, IN
(773) 542-3781
nick@nicklibert.com
Eve Benton
Sales Representative
EXIT Strategy RealtySchererville, IN
(312) 834-4383
eve@evebenton.com

Listing Courtesy: Keri Hir - 7085601282

Presented by: Keri Hir

Based on information submitted to the MLS GRID as of 2026-07-01. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-07-01