lake County Homes under $150,000

Welcome to Lake County, Indiana, a hidden gem that beautifully balances suburban charm with vibrant city life. Nestled just southeast of Chicago, Lake County offers a unique blend of tranquil living and easy access to urban amenities. With its picturesque landscapes, numerous parks, and a rich cultural heritage, this county is an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Lake County is its affordability, particularly when it comes to housing. For those on a budget, there are fantastic opportunities to find homes under $150,000. Whether you're a first-time homebuyer or looking to downsize, Lake County boasts a diverse array of properties that cater to all tastes and needs. From cozy bungalows to charming ranch-style homes, you can discover a variety of options that provide comfort without breaking the bank.

The community spirit in Lake County is palpable, with friendly neighbors and a welcoming atmosphere. Enjoy local farmers' markets, community events, and a thriving arts scene that showcases the talents of local artists. The county is also home to excellent schools and recreational facilities, making it a perfect place for families to settle down.

With its affordable housing market and a wealth of local amenities, Lake County, Indiana, is an ideal location to call home. Come explore the possibilities and discover your dream home in this vibrant community!

Newest lake County Homes under $150,000

$124,900

846327 MLS ⋅ Carla Ebert-Kienitz

PHENOMENAL POTENTIAL NEAR LAKE MICHIGAN! This spacious bi-level home is a fantastic opportunity just minutes from beautiful Lake Michigan and all that Michigan City has to offer! The home has been completely gutted and cleaned out, leaving a blank canvas ready for someone to bring it back to life. With great bones, generous living space, and a terrific layout, the possibilities are endless. The main level offers a spacious kitchen area and plenty of room to create the perfect living and entertaining spaces. The lower level features a large family room, with the home previously offering 3 bedrooms and 1 bathroom. Outside, the property really shines with a phenomenal-sized front yard and an expansive backyard featuring a large balcony deck, a peaceful and private setting that would be wonderful for relaxing or entertaining. And the location? It's hard to beat! With Lake Michigan, beaches, dining, shopping, entertainment and everything Michigan City has to offer nearby, this could make an incredible primary residence, vacation home or Airbnb investment, subject to applicable regulations. If you're looking for a project with serious potential and the opportunity to build substantial equity, this one deserves a look. The work has already been started... the finishing touches are waiting for you!

138 Memorial Drive, Michigan City

Listing courtesy of Carla Ebert-Kienitz from Century 21 Circle.

$79,999

2 Beds ⋅ 1 Baths ⋅ 202641130 MLS ⋅ 864 SqFt. ⋅ Darian Dobson

Attention investors and/or river enthusiasts! This two bedroom 1 bathroom property is waiting for the right owner to come and finish the final touches inside! Sellers have already ran electric and plumbing. A new septic and well were installed. They bought and paid for a majority of the insulation for the walls and ceiling, some paneling to finish the ceilings, kitchen cabinets and countertop and vanity for the bathroom. They have a beautiful view of the Tippecanoe River with a good sized back yard. Make this property yours! CASH ONLY

4174 S Port Edward Rd, Winamac

Listing courtesy of Darian Dobson from New Chapter Real Estate. Cell: 219-869-0824

$129,000

3 Beds ⋅ 1 Baths ⋅ 846315 MLS ⋅ 936 SqFt. ⋅ Lake Estates Sub BLDG. ⋅ Sarah Perez

Welcome home to this charming 3-bedroom, 1-bath ranch offering comfortable, easy one-level living! This home features a functional layout with an eat-in kitchen, a dedicated laundry room, and three bedrooms. With no stairs to worry about and everything conveniently located on one level, it's a great option for first-time buyers, downsizers, or anyone looking for an affordable place to call home. Step outside and enjoy the backyard with plenty of room to relax, play, garden, or create your own outdoor space. With its practical layout and great potential, this home is ready for its next owner. Why rent when you can make a home of your own? Schedule your showing today!

1208 E Greene Place, Gary

Listing courtesy of Sarah Perez from Starz Realty, LLC.

$40,000

3 Beds ⋅ 2 Baths ⋅ 846309 MLS ⋅ 989 SqFt. ⋅ Brittnea Tait

Great Investor/ Rehab opportunity available! There is endless opportunity with this space= approximately 2,050 total square footage; not including the basement. Agent and Buyers should take their own measurements! The Interior shows some rehab progress started on the main and upper level, including open framing and drywall work started. Sold AS-IS.

265 Harrison Street, Gary

Listing courtesy of Brittnea Tait from Coldwell Banker Realty.

$27,900

3 Beds ⋅ 2 Baths ⋅ 846282 MLS ⋅ 2,777 SqFt. ⋅ Halina Zdanowski

INVESTOR SPECIAL ! Bring your vision and renovation ideas to this property located in Gary, Indiana. Great opportunity for experienced investors or buyers looking for a complete renovation project. Property is being sold strictly AS-IS.

638 Carolina Street, Gary

Listing courtesy of Halina Zdanowski from LPT Realty LLC.

$120,000

2 Beds ⋅ 1 Baths ⋅ 846279 MLS ⋅ 720 SqFt. ⋅ Diana Franz

Welcome to this well-maintained 2-bedroom, 1-bathroom home in Gary, Indiana! This move-in ready residence features updated finishes throughout, offering a comfortable and stylish living environment. You'll enjoy total peace of mind with a roof(6) furnace, water heater, and central air conditioning that are all only 5 years old. Outside, you'll find a spacious 2-car detached garage along with additional storage space, perfect for vehicles, tools, or extra belongings. Conveniently located near local casinos and just 30 minutes from downtown Chicago, this home is a fantastic opportunity for home buyers or investors looking for a turn-key property--schedule your showing today!

6620 W 25th Avenue, Gary

Listing courtesy of Diana Franz from Brokerworks Group.

$125,000

3 Beds ⋅ 1 Baths ⋅ 202641010 MLS ⋅ 807 SqFt. ⋅ Billie Shively

Why rent when you could have a place to call your own? This charming 3-bedroom home has been lovingly cared for and offers an affordable opportunity to enjoy the benefits of homeownership and a lower-cost lifestyle. Whether you're purchasing your first home, ready to downsize, or simply looking for a comfortable home without a large monthly expense, this one deserves a look. The large, fully fenced backyard provides plenty of space for pets, gardening, summer cookouts, entertaining, or simply relaxing in your own private outdoor space. Conveniently located in Winamac, this cozy home offers comfortable living at an approachable price point. Instead of paying rent for someone else's property, explore the possibility of investing in a home you can truly call your own. Simple, affordable, and lovingly maintained—come see if this is the home you've been waiting for!

304 W Narrow St, Winamac

Listing courtesy of Billie Shively from eXp Realty, LLC. Cell: 574-527-1533

$49,900

2 Beds ⋅ 3 Baths ⋅ 846265 MLS ⋅ 680 SqFt. ⋅ Craig Frendling

Good investment opportunity. Property needs almost complete remodeling. Good location and would make a great rehab property or even a rental to add to a portfolio. Main floor is decent. House has vinyl siding and windows and the roof appears to be in decent shape as well. Main source of work needed is in the basement which is a partial walkout.

2517 Lincoln Street, Gary

Listing courtesy of Craig Frendling from Advanced Real Estate, LLC.

$82,000

3 Beds ⋅ 1 Baths ⋅ 846263 MLS ⋅ 1,440 SqFt. ⋅ Mark Keene

Investors, Rehabbers, HGTV Enthusiasts!! This House has everything you want to get started!! Open Concept, Newer HVAC, Newer Roof, Unfinished DRY Basement, XL Rooms, Cleaned Out, Flooring Removed, Solid House, Great Layout, Nice yard!! Become apart of Bringing the once GREAT City of Gary back to life. Jump in now because the Home Values will continue to go up!! ARV is 145 add a 2nd Bathroom and increase that some more.

3929 Jackson Street, Gary

Listing courtesy of Mark Keene from BS Realty Services Indiana LLC.

$149,900

3 Beds ⋅ 1 Baths ⋅ 846253 MLS ⋅ 2,700 SqFt. ⋅ Miguel Tovar

INVESTOR SPECIAL! Incredible opportunity to renovate, rebuild, or create your dream home on nearly 2 wooded acres in a prime Valparaiso location. Situated just off US Highway 30 and backing up to the desirable Shorewood Forest area, this property offers a rare combination of privacy, space, and convenience. The home features cathedral ceilings and a basement, providing a solid starting point for a full transformation. Surrounded by trees in a wooded setting, the property offers plenty of room to reimagine the space and create a truly special home. Whether you're looking to renovate the existing structure or explore the possibility of building your dream home, this property presents an exciting opportunity in a sought-after Valparaiso location.

398 W Us Highway 30 W, Valparaiso

Listing courtesy of Miguel Tovar from Weichert Realtors - Shoreline.

$133,000

2 Beds ⋅ 1 Baths ⋅ 202640844 MLS ⋅ 1,183 SqFt. ⋅ Angela Thornton

Opportunity awaits!! This 2-bedroom, 1-bath home sits on a nice lot and offers plenty of potential. Featuring a large living room with a brick fireplace, kitchen with dining area and an additional bonus room off the kitchen offering flexible additional living space, this home is ready for your personal touch. Major updates include: Water heater in 2026, roof and gutters in 2024 and HVAC in 2019. Property is being sold AS-IS. Public lake access is located at the end of Abbott St.

8607 Abbott St, Bremen

Listing courtesy of Angela Thornton from RE/MAX OAK CREST -BREMEN. Cell: 574-209-0010

$115,000

2 Beds ⋅ 1 Baths ⋅ 846225 MLS ⋅ 898 SqFt. ⋅ Trisha Potts

Check out this affordable housing opportunity, with the 2 bedroom, 1 bath home located directly across from the intermediate school! This home is the perfect opportunity for the buyer looking to build a little sweat equity and features a large primary bedroom and generously sized laundry room with plenty of space for additional storage. Outside is a nice-sized backyard with room to relax, play, garden or entertain. This home is ready for updates and personal touches, but with a little work, it has the potential to become a charming and comfortable place to call home, Whether you're a first time buyer, downsized, or looking for your next project, this property is full of possibilities. Call an agent today.

124 W School Street, Wolcott

Listing courtesy of Trisha Potts from RE/MAX Executives.

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Updated . Information deemed reliable but not guaranteed.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.