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About this home
Great opportunity for homeowners and investors alike! Situated on nearly half an acre, this ranch-style home with a basement offers a spacious layout, recent improvements, and excellent rental potential. The main level features an inviting living area filled with natural light, an adjoining dining space, and a comfortable sunroom overlooking the property. The basement with 1/2 bath and additional separate shower provides additional space for storage or to make it your own! Recent updates include a new roof installed just two months ago, along with improvements to the main floor. Outside, you'll find a generous yard, ample driveway parking, and a detached two-car garage that needs a new garage door. Currently tenant-occupied at 1,150 per month, with the tenant responsible for all utilities, including water and trash. * * The tenant is on a month-to-month lease, offering flexibility for buyers looking to owner-occupy or investors seeking immediate rental income. The current tenant would love to stay, providing an opportunity to retain an established tenant while benefiting from potential future rent increases. * * Conveniently located near schools, restaurants, shopping, and major roadways, including I-80/94, providing easy access to Chicago. Washer and dryer belong to the tenant and are excluded from the sale. Property is being sold As-Is. A solid opportunity to add to your investment portfolio or make this property your future home!
Single-familyProperty Type
1936Year Built
0.5 acresLot Size
$104Price/Sq.Ft.
2 car garageParking
Listed by Merry Galindo• Listing Leaders Northwest
Black Oak, located between I-80/94 and the Indiana Toll Road, is a residential and industrial Gary neighborhood with a rail-lined edge and a patchwork of wooded lots. The neighborhood’s character concentrates around the Broadway corridor near 37th Avenue, where storefront signage, auto-oriented services, and corner carryouts set a working-day rhythm. Housing reads as modest mid-century ranches and bungalows with deep setbacks and wide driveways. Tree cover and utility corridors create long sightlines and a big-sky feel. Nearby green space and ballfields shape a practical, outdoors-forward routine. Local institutions such as the Gary SouthShore RailCats at the U.S. Steel Yard, the Indiana University Northwest Arts & Sciences Building, and the Gary Aquatorium anchor weekend plans.
Provided by Walk Score and Local Logic
Market insights
5200 W Ridge Rd · $159,000
DAYS ON MARKET
1 days
The average home goes pending in 35 days.
SALE-TO-LIST
97.5%
Most homes are selling 3% below list price.
LIST PRICE
$159,000
Median sale price in this area is $293,892. (85% higher than this home)
PRICE DROP
0 price drops
25% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Entrance foyer
Open floor plan
Full walk-out basement with storage space
Bathrooms
1 full bathroom
1 half bathroom
Kitchen
Freezer
Refrigerator
Gas range
Gas cooktop
Laundry & utility
Washer hookup
Gas dryer hookup
Laundry on the main level
Flooring
Hardwood
Vinyl
Heating & cooling
Central heating
Central air conditioning
Exterior features
Private yard
Enclosed, screened front porch
Home design
One level
Parking
Detached garage with front-facing entrance
Paved driveway
Security
Carbon monoxide detectors
Smoke detectors
Construction
Built in 1936
Vinyl siding
Shingle roof
Utilities
Public water
Septic tank
Electricity and solar
View estimated energy costs and solar savings for this home
Whether you're looking to start a new chapter in your life or seeking an investment with potential, this cutie on almost half an acre is worth exploring and sure to capture your heart. This charming ranch-style home with a basement offers a unique blend of comfort and convenience. Upon entering, you'll be greeted by a welcoming sunroom and then the bright and airy living space that seamlessly flows into the dining area. The open floor plan enhances the sense of space and connectivity within the home. The living room boasts large windows that allow natural light to flood the room, creating a warm and inviting atmosphere. Descend the stairs to discover a finished basement, perfect for a game room, storage, or additional living space. Cozy sunroom is ideal for enjoying the beautiful Indiana evenings. 2-car garage and a spacious driveway provide ample parking for you and your guests, plus 2nd garage! Easy access to schools, eateries, shopping, and minutes to 80/94 and on to Chicago. As-Is.
Year
Property tax
Land + Additions
Assessment*
2024
$1,978 (+8,477.6%)
$7,500 + $91,400
$98,900
2023
$23 (−86.6%)
$7,500 + $52,200
$59,700
2022
$172 (+127.7%)
$12,100 + $50,200
$62,300
2021
$76 (−74.3%)
$12,100 + $45,600
$57,700
2020
$295 (−39.1%)
$12,100 + $58,200
$70,300
2019
$484 (+26.3%)
$11,900 + $56,400
$68,300
2018
$383 (−3.2%)
$10,800 + $51,600
$62,400
2017
$396 (−6.2%)
$10,800 + $52,500
$63,300
2016
$422 (+0.7%)
$10,800 + $55,000
$65,800
2015
$419 (−27.5%)
$12,800 + $55,600
$68,400
2013
$578
$12,800 + $59,100
$71,900
Public record
Beds
2
Baths
1.5
Stories
1
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
1975
Finished Sq. Ft.
828
Unfinished Sq. Ft.
—
Total Sq. Ft.
828
Year built
1936
Style
Single Family Residential
County
Lake County
APN
450725201015000003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Gary, IN • 46408
Average low and high temperatures (°F)
30
17
38
23
55
35
62
43
68
50
81
63
85
69
80
64
77
58
68
48
51
38
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Gary. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5200 W Ridge Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $173,000 and $265,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $173K to $265K.