Lake County Homes under $400,000

Lake County Homes under $400,000

Welcome to Lake County, Indiana – a hidden gem nestled in the heart of the Midwest! Known for its picturesque landscapes, vibrant communities, and rich cultural heritage, Lake County offers a unique blend of suburban charm and urban convenience. With its close proximity to Chicago, residents enjoy easy access to big-city amenities while relishing the tranquility of a more relaxed lifestyle.

Lake County is celebrated for its diverse recreational opportunities, from the stunning shores of Lake Michigan to the extensive network of parks and nature reserves. Whether you're hiking through the scenic trails of the Indiana Dunes or enjoying a leisurely day at one of the many local lakes, outdoor enthusiasts will find plenty to love in this region.

For those looking to settle down, Lake County boasts an impressive selection of homes priced under $400,000. From cozy bungalows to spacious family homes, there is something to suit every taste and budget. These properties often feature modern amenities, beautiful yards, and access to excellent schools, making them perfect for families, first-time buyers, or anyone seeking a welcoming community.

With a strong sense of community, friendly neighbors, and numerous local events throughout the year, Lake County is more than just a place to live; it’s a place to thrive. Explore the charm of Lake County, Indiana, where your dream home awaits! Whether you’re looking to buy your first home or invest in a property, this is the ideal location to start your next chapter.

Newest Lake County Homes under $400,000

1525 N Indiana Street, Griffith
$294,999
3 Beds ⋅ 2 Baths
This is the kind of home where the big projects--and plenty of the little ones--have already been handled. 1525 N Indiana St offers a spacious layout with a kitchen and bathrooms that were recently refreshed, giving the home an updated feel while still leaving plenty of room for the next owner to make it their own. The kitchen has seen major improvements over the years with additional updates just completed, and the home is packed with practical features you'll appreciate after moving in. Wi-Fi light bulbs, Wi-Fi switches in two bedrooms, smart-home capabilities, and under-cabinet lighting add convenience without taking away from the character of the home. Even better, several of the expensive items have already been addressed: furnace replaced in 2026, patio door in 2023, A/C in 2017, and roof in 2012. The home also includes newer appliances, including a washer from 2021 and dryer from 2024. If you've been waiting for a Griffith home with space, meaningful updates, and fewer projects waiting for you after closing, 1525 N Indiana St deserves a look.

1525 N Indiana Street, Griffith
638 Carolina Street, Gary
$27,900
3 Beds ⋅ 2 Baths
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
6620 W 25th Avenue, Gary
$120,000
2 Beds ⋅ 1 Baths
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
no property photo
$254,500
4 Beds ⋅ 2 Baths
Walk into luxury with this completely rehabbed house with 4 bedrooms, 2 full baths. No expense was spared in this beautifully transformed house. Everything new including siding, furnace, A/C, HWH, plumbing, electric, drywall, lighting. Expert craftsmanship throughout with attention given to every detail. The main floor has LR, kitchen with a breakfast nook, quartz countertops, SS appliances, generous storage with soft close cabinets and separate breakfast room large enough for a DR table. Crown molding, recessed lighting, beautiful railing inside and outside, Gorgeous bathrooms with marble tub surrounds, unique vanities and lighting. Basement has a huge bedroom, full bath, walk-in closet and a separate 11 x 15 office/TV area. Large laundry room with space for storage and oversized furnace room. Nice sized back yard. Garage (2 car) has new concrete pad and is newly painted.

1562 Mckinley Street, Gary
7076 Johnson Street, Merrillville
$291,635
2 Beds ⋅ 2 Baths
***Nearing Completion*** The wait is finally over!!! The Dogwood floor plan returns to Savannah Cove after nearly a year, offering a highly sought after ranch style design with a basement. This new construction home features 2 bedrooms and 2 full bathrooms on the main level with 1,292 square feet of thoughtfully designed living space. The open concept layout is enhanced by 9 foot ceilings and a spacious kitchen that flows seamlessly into the living and dining areas. The primary suite offers comfort and functionality with a private bath, while the second bedroom also enjoys convenient access to a full bathroom. The unfinished basement adds an additional 528 square feet and includes the option to rough in a future bathroom, creating flexibility for expanded living space, guest accommodations, or recreation. A concrete patio extends your living outdoors, and the attached garage includes an opener for everyday convenience. Energy efficient features include a tankless water heater and modern mechanical systems throughout. For added convenience, kitchen appliances are included. Opportunities like this do not come around often. Schedule your showing or builder consultation today and secure this sought after floor plan while it is available. Photos may reflect model home finishes.

7076 Johnson Street, Merrillville
7083 Johnson Street, Merrillville
$281,685
3 Beds ⋅ 2 Baths
****UNDER CONSTRUCTION with a November delivery*** Welcome to this beautifully designed Azalea model in the sought-after Savannah Cove community where modern living meets everyday comfort. This thoughtfully crafted ranch style home offers the convenience of main level living paired with an open concept layout that is ideal for both relaxing and entertaining. This 3 bedroom, 2 full bath home features a well designed floor plan that includes a spacious kitchen with a pantry, a bright and inviting living area. The primary suite offers a comfortable retreat with a single en suite bath and generous closet space. Buyers currently have the opportunity to personalize this home by selecting the final finishes, allowing you to create a space that reflects your style and preferences. Additional highlights include a two-car attached garage and a low maintenance lifestyle designed for convenience. Quality construction, energy efficient features, and thoughtful design come together to make this home a standout. Ask about builder incentives when you schedule your showing and take your next step toward calling Savannah Cove your home! Photos may reflect model home finishes.

7083 Johnson Street, Merrillville
6614 Lyman Avenue, Hammond
$162,000
2 Beds ⋅ 1 Baths
Come tour this MOVE IN CONDITION ranch home in South Hammond area. New carpet 2026. Professionally painted 2026. Full unfinished basement and 3 car garage add value. Enclosed front porch just painted- great for relaxing or reading. Large country kitchen with pantry and appliances. (needs updating). Amazing large back yard. 2 YEAR Home Warranty Included. Close to New South Shore Line Station.

6614 Lyman Avenue, Hammond
1471 Lakewood Lane, Schererville
$255,000
2 Beds ⋅ 2 Baths
Enjoy main-floor living in this lakeside condo with nearly 1,600 square feet of living space, an attached garage, and lake views from nearly every room. Wake up to the sunrise over the water and unwind on your covered patio at the end of the day. Tucked along a quiet stretch of Lakewood Lake in Schererville, this condo offers low-maintenance living with a low HOA fee that includes lawn care, snow removal, irrigation, and exterior maintenance. The spacious living and dining area features a wide bank of windows and a sliding glass door that fill the space with natural light and offer panoramic lake views. The eat-in kitchen features beautiful cherry cabinets, solid-surface countertops, a generous breakfast bar, and stainless steel appliances, including a gas range, over-the-range microwave, and dishwasher. A dedicated laundry area is conveniently located just off the kitchen. The primary bedroom offers a private en-suite bathroom and a large walk-in closet. A second bedroom and full hallway bathroom provide comfortable space for guests or everyday use. Shopping, dining, and access to US 30 and US 41 are just a short drive away, with Chicago within commuting range. Spacious, well-priced, and easy to maintain--schedule your showing and see what lakeside living has to offer!

1471 Lakewood Lane, Schererville
1168 Capitol Drive, Hobart
$349,000
3 Beds ⋅ 3 Baths
Welcome home to 1168 Capitol Drive in Hobart's Barrington Ridge neighborhood! From the inviting covered front porch and classic brick exterior to the spacious interior and backyard, this 3-bedroom, 2.5-bath home offers plenty of room to live, relax and entertain. Step inside to a dramatic two-story entry highlighted by a large arched window that fills the space with natural light and showcases the home's warm wood trim and architectural details. The main level offers multiple living spaces, including a front flex room ideal for a home office or sitting room. Opposite is the equivalently-sized formal dining area. The spacious great room at the back of the house features a gas fireplace with beautiful wood surround, abundant windows and an adjoining casual dining area. The kitchen offers plentiful white cabinetry, and a full suite of white appliances. Just off the kitchen, the laundry area includes the washer and dryer for added everyday convenience, while mechanicals are tucked into an interior closet for easy access. Upstairs you'll find three bedrooms, including a spacious primary suite with tray ceilings and a generous walk-in closet. The private primary bath offers plenty of space to unwind with a jetted soaking tub, separate stand-up shower, vanity area and dedicated toilet and bidet area. Two additional bedrooms and another full bath complete the upper level. Step outside to an expansive backyard with mature trees providing a beautiful backdrop. A deck and large brick-paver patio create multiple spaces for grilling, outdoor dining and entertaining, while the huge 18' x 12' storage shed provides exceptional space for lawn equipment, bicycles, outdoor gear and more. The hot tub and car lift in garage area negotiable. Major updates include a 4 year old roof, 2 year old A/C, 2 years old and gas water heater 3 months old. Located in Barrington Ridge and conveniently situated near area shopping, dining, recreation, schools and everyday amenities.

1168 Capitol Drive, Hobart
7185 Grant Street, Merrillville
$294,995
3 Beds ⋅ 3 Baths
MOVE IN READY!!! Don't miss your opportunity to own this beautifully appointed new construction Monterey floor plan in Savannah Cove. This thoughtfully designed 3-bedroom, 2.5-bath home offers low-maintenance living with modern finishes and an open-concept layout perfect for everyday living and entertaining. The spacious great room flows seamlessly into the kitchen and dining area, featuring quartz countertops, 42-inch Georgetown Slate cabinetry, stainless steel Whirlpool appliances, a pantry, and an oversized island ideal for gathering with family and friends. Luxury vinyl plank flooring extends throughout the main living areas, creating a stylish and durable living space. The first-floor primary suite is designed for comfort with a spacious layout, upgraded universal shower, dual vanities, and generous closet space. Upstairs, two additional bedrooms and a full bath provide flexibility for guests, family, or a home office. Enjoy outdoor living on the 12 x 12 concrete patio, plus the convenience of a two-car attached garage with opener, tankless water heater, high-efficiency furnace, and numerous builder upgrades throughout. Conveniently located in Merrillville, Savannah Cove offers easy access to shopping, dining, parks, and major commuter routes while providing the ease of low-maintenance living. Photos may reflect model home finishes. Schedule your personal tour today and discover why Savannah Cove continues to be one of Northwest Indiana's most sought-after new home communities!

7185 Grant Street, Merrillville
2517 Lincoln Street, Gary
$49,900
2 Beds ⋅ 3 Baths
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
9243 Waymond Avenue, Highland
$225,000
2 Beds ⋅ 2 Baths
Don't want home maintenance, but want a real neighborhood? You can have the best of both worlds! This charming condo offers first floor,worry-free living, nestled on a pretty block with single family homes.You'll love the big kitchen; it's the real deal, with room for cooking from scratch. Clean up is a breeze with your newer dishwasher. The lovely living room includes a recently inspected gas fireplace and beautiful views of one of Highland's most sought after neighborhoods. Step onto your delightful patio to relax and enjoy a breeze.The dining room completes the package with space for a full table and chairs. Head to the primary bedroom and imagine how you'll fill this space - there's plenty of room for a king bed and all the extras! An attached bath features a walk-in shower and a vanity with storage. The guest bedroom/office is nicely sized, and is across the hall from a full bath with easy to clean surround and a granite vanity top. The in unit laundry includes a utility sink and more storage, along with a newer furnace. You'll appreciate the assigned one car garage and additional parking space. Small pets are welcome! A unit like this doesn't come along often - see it today!

9243 Waymond Avenue, Highland
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