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1565 Wallace Street
Gary IN 46404 US

$100,000

Active Listing ID 846697
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3 bed
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2,497 square feet
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2.00 Bath (2 Full)
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Lot: 0.22 Acres
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Single Family Residence

$100,000

Active Listing ID 846697
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1565 Wallace Street Welcome to 1565 Wallace Street! This spacious, all-brick ranch offers over 3, 000 square feet of living space and endless potential. Featuring 3 bedrooms, 2 full bathrooms, an attached 2-car garage, and a concrete back patio perfect for outdoor entertaining, the bones and structure are ready for your vision. While the home is in need of some TLC, it presents an exceptional opportunity for investors seeking a profitable turn-key project or homebuyers looking to build immediate sweat equity. Situated on a classic, picture-perfect street lined with well-maintained brick ranches, this neighborhood charm makes the investment all the more rewarding. Needing some TLC, making it the perfect candidate for a home renovator, flipper, or buyer looking to customize their dream home while adding massive equity!! Opportunities with this much space on a block like this don't come around often. Bring your contractor and your creative vision! Don't miss out on unlocking the true value of this solid Gary home--schedule your showing today!

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Property Features

  • Facts
  • Lot Size: 0.22 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 2
  • Exterior Finish: Rain Gutters
  • Heating Fuels: Natural Gas, Central, Forced Air
  • Additional Features
  • Basement

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 100000
  • unparsedaddress: 1565 Wallace Street
  • postalcity: Gary
  • stateorprovince: IN
  • country: US
  • postalcode: 46404
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.215
  • lotsizeunits: Acres
  • lotsizearea: 0.215
  • livingarea: 2497
  • livingareaunits: Square Feet
  • latitude: 41.586658
  • longitude: -87.38251
  • listagentfullname: Alan Harrell
  • listagentemail: alan.harrell@mccolly.com
  • listagentkey: 3yd-GNIARIN-10692
  • listagentmlsid: 10692
  • listagentpreferredphone: 2192411556
  • listagentofficephone: 2192411556
  • listofficekey: 3yd-GNIARIN-266
  • listofficemlsid: 266
  • disclaimer: Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1964
  • listingcontractdate: 2026-10-09
  • listagenturl: http://www.mccolly.com
  • countyorparish: Lake
  • parcelnumber: 450807403012000004
  • elementaryschooldistrict: Gary
  • middleorjuniorschooldistrict: Gary
  • highschooldistrict: Gary
  • appliances: Dryer, Washer, Stainless Steel Appliance(s), Range Hood, Refrigerator, Gas Range
  • heating: Natural Gas, Central, Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Driveway, Off Street, Garage, Open
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Rain Gutters
  • windowfeatures: Blinds
  • rooms: Dining Room, Game Room, Basement, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Laundry Room
  • basement: Storage Space, Partially Finished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.38251, 41.58666
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"McColly Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"alan.harrell@mccolly.com", "ListBrokerageCity":"Schererville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"rmccolly@mccolly.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/b10a743147d611dfb0db00219b9aa4d8k-c48015075r.png", "ListBrokerageName":"McColly Real Estate", "ListBrokeragePhone":"(219) 864-7200", "ListBrokeragePostalCode":"46375", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"800 Deer Creek Drive", "ListBrokerageWebsiteUrl":"http://www.mccolly.com", "ListOfficeAddress1":"560-4 Indian Boundary Road ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"266", "ListOfficeCity":"Chesterton", "ListOfficeCountry":"US", "ListOfficeEmail":"chesterton@mccolly.com", "ListOfficePostalCode":"46304", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential, Gary, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1565-Wallace-St_Gary_IN_46404_M38902-95020?f=listhub&s=GNIARIN&m=846697&c=rexren", "MLSModificationTimestamp":"2026-10-11 23:01:16", "Neighborhoods":[{"Description":null, "Name":"Carlisle Add"}], "PostalCode":null, "RoomCount":9, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3043, "TaxDescription":"CARLISLE ADD. ALL LOTS 18, 19 & 20", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/11/2026 11:07:03 PM GMT
Source Updated Date: 10/12/2026 12:56:27 PM GMT

Courtesy of: Alan Harrell, McColly Real Estate, alan.harrell@mccolly.com

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.