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Listing provided courtesy of @properties/Christie's Intl RENorthwest Indiana MLSas Distributed by MLSGrid- MLS# 840366MLS Provider

3987 Lincoln StreetGary, IN 46408

Single Family · 4 Beds · 2 Full Baths · 1,872 Sq. ft. | 0.23 Acres
$199,000 Active

3987 Lincoln Street Overview

Time on Site:
20 days
Visits:
0

Why rent when you can own? This completely remodeled 4-bedroom, 2-bath home offers an affordable path to homeownership in Gary with taxes that are incredibly low compared to many surrounding communities. Everything has been updated, including the kitchen, baths, flooring, mechanicals, siding, roof, and more, allowing you to move right in with confidence. The flexible layout offers plenty of space for family, guests, a home office, or hobbies. Buyers may also qualify for down payment assistance and grant programs available in the area, making ownership even more attainable. A rare opportunity to own a like-new home for less than many monthly rental payments.

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3987 Lincoln Street Facts & Features

  • Type Single Family
  • Sq. ft. 1,872
  • Price/Sq.ft. $106
  • Lot 0.23 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • New Construction: false
  • Year Built: 1955

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: 1st Sub Oakington Park Sec #40
  • Township: Calumet

Tax Information

  • Tax Annual Amount: 0
  • Tax Assessed Value: 50400
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,VA Loan,FHA,Conventional
  • Parcel Number: 450828154014000004
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 4

Building Interior

  • Above Grade Finished Area: 936

General Information

  • Appliances: Dishwasher,Microwave,Gas Water Heater,Gas Range
  • Electric: 100 Amp Service
  • Fireplace: false
  • Heating: Forced Air,Natural Gas
  • Interior Features: Open Floorplan
  • Laundry Features: Laundry Room
  • Levels: One
  • Living Area: 1872
  • Living Area Source: Assessor
  • Rooms Total: 7

Exterior

Lot Information

  • Additional Parcels: false
  • Lot Features: Back Yard,Landscaped
  • Lot Size Acres: 0.231
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10062
  • Water Source: Public

Waterfront/View

  • View: Neighborhood
  • Waterfront: false

Building Exterior/Construction

  • Property Attached: false

General Information

  • Pool Features: None
  • Sewer: Public Sewer

Room Information

Room: Bedroom 3

  • Level: Basement
  • Area: 99
  • Dimensions: 11.0 x 9.0
  • Length: 11
  • Width: 9

Room: Bedroom 4

  • Level: Basement
  • Area: 90
  • Dimensions: 10.0 x 9.0
  • Length: 10
  • Width: 9

Room: Bedroom 2

  • Level: Main
  • Area: 110
  • Dimensions: 11.0 x 10.0
  • Length: 11
  • Width: 10

Room: Family Room

  • Level: Main
  • Area: 240
  • Dimensions: 16.0 x 15.0
  • Length: 16
  • Width: 15

Room: Kitchen

  • Level: Main
  • Area: 168
  • Dimensions: 14.0 x 12.0
  • Length: 14
  • Width: 12

Room: Living Room

  • Level: Main
  • Area: 208
  • Dimensions: 16.0 x 13.0
  • Length: 16
  • Width: 13

Room: Primary Bedroom

  • Level: Main
  • Area: 143
  • Dimensions: 13.0 x 11.0
  • Length: 13
  • Width: 11

3987 Lincoln Street Neighborhood

Community

46408 (Gary) Demographics

40
Median Age
1,645
Population Density (per sq. mile)
18%
College Educated
$39,956
Estimated Median Income
4,301
Estimated Total Home Owners
2,429
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3987 Lincoln Street Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3987 Lincoln Street Market Data

Based on the last 30 days in this zip code

$132,494
Average List Price
$94
Average Price per Square Foot
13
Properties Sold
68
Average Days on Market
72
Properties for Sale
Calculations provided by Reliance Network

3987 Lincoln Street History

Date Event Value Agent
6/24/2026Source: Northwest Indiana MLS Price Reduction
$199,000 -4.8%
6/9/2026Source: Northwest Indiana MLS Added to Database
June 09, 2026