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1565 Wallace Street, 
Gary, IN 46404

$100,000

3

Beds

2

Baths

2,497

Sq Ft

Single Family

Active

Listed by

Alan Harrell

Mccolly Real Estate

219-926-1616

Last updated:

October 12, 2026, 02:33 PM

MLS#

846697

Source:

Northwest Indiana AOR as distributed by MLS GRID

About This Home

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!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1964

Subdivision & Development:

Carlisle Add

Price Summary

100,000

$40 per Sq. Ft.

MLS #:

846697

Last Updated:

October 12, 2026, 02:33 PM

Added:

4 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,497 Sq. Ft.

Structure

Structure

Building Area:

2,497 Sq. Ft.

Year Built:

1964

Lot

Lot Size (Sq. Ft):

9,365

Finances & Disclosures

Finances

Price:

$100,000

Price per Sq. Ft:

$40 per Sq. Ft.

Source:Northwest Indiana AOR as distributed by MLS GRID
Based on information submitted to the MLS GRID as of October 12, 2026. 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. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.