4088 Monroe Street
Gary, IN 46408
Map
- 2 beds
- 2 baths
- 956 sqft
- 3,267 sqft lot
- $135 per sqft
- 1919 build
- – on site
Welcome to Your Dream Home in Gary, Indiana!This beautifully renovated 2-bedroom, 2 full-bath ranch with a bonus office and a spacious walkout basement offers the perfect blend of comfort, style, and value--ideal for first-time buyers, owner-occupants, or savvy investors looking for strong cash flow and minimal maintenance. Key Features:-**Fully Renovated**: Move right in with peace of mind--featuring brand-new siding, windows, roof, water heater, furnace, and updated plumbing.-**Stylish & Modern Kitchen**: The kitchen shines with quartz countertops, new cabinetry, glass tile backsplash, and stainless steel appliance package (refrigerator & stove included).-**Comfortable Living Spaces**: Fresh paint, modern light fixtures, ceiling fans, and a cozy living room create a welcoming atmosphere throughout.-**Versatile Walkout Basement**: Perfect for additional living space, Additional bedroom, storage, or future customization--plus a second full bathroom with updated ceramic tile finishes.-**Turnkey Investment**: With all major systems updated and low maintenance needed, this home is ready for immediate occupancy to generate above-market rent or become your forever home.-**Affordable Housing**: Enjoy low property taxes and a great price - monthly payment under 1,000!-**First-Time Buyer Friendly**: This home qualifies for a 15,000 grant that can be used toward your cash to close--possibly buy with no money down!This is the rare opportunity you've been waiting for. Whether you're looking for a smart investment or a beautiful place to call home, this property checks all the boxes. Schedule your showing today--this gem won't last long!
Last checked:
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Last updated Jun 3, 2025
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MLS# 821619 —
The Building
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Year Built:1919
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New Construction:false
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Levels:One
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Basement:Unfinished
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Basement:true
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Above Grade Finished Area:956
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Below Grade Unfinished Area:956
Interior
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Room Type:Bedroom 2, Primary Bedroom, Living Room, Kitchen, Bonus Room
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Interior Features:Ceiling Fan(s), Eat-in Kitchen
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Fireplace:false
Room Dimensions
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Living Area:956
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Living Area Source:Estimated
Location
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Directions:Head south on Grant St toward W 45th Ave.Turn right onto W 45th Ave and continue for approximately 0.5 miles.Turn left onto Monroe St.Proceed north on Monroe St for about 0.3 miles.Arrive at 4088 Monroe St, which will be on your right.
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Latitude:41.544212
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Longitude:-87.342797
The Property
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Parcel Number:450828257034000004
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Property Subtype:Single Family Residence
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Property Attached:false
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Lot Features:Corner Lot
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Lot Size Acres:0.075
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Lot Size Square Feet:3267
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Lot Size Source:Estimated
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Additional Parcels:false
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View:Rural
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Exterior Features:None
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (708) 259-6242
- Office phone:
- (888) 611-3912
Taxes
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Tax Year:2024
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Tax Annual Amount:885.08
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Tax Legal Description:Resub. Blks.5 & 15 Sub. blk 6 C.J. Willians 2nd add. Glen Park Lot 64, and Vac W. 3' Monroe St. Adj.
Beds
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Total Bedrooms:2
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Unbranded:https://my.matterport.com/show/?m=NxvVY6THP5P
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Stainless Steel Appliance(s), Refrigerator
The Community
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Subdivision Name:Jackson-Monroe Terraces Historic
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Pool Features:None
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Association:false
Parking
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Garage:false
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Parking Features:None
Monthly cost estimate
Asking price
$129,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$695
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| Taxes | $73 |
| Insurance | $35 |
| Utilities | $165 See report |
| Total | $968/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
