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Sold on 02/25/2024
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1934 W 5th Ave, Gary, IN 46404

$450,000

Last sold 02/25/2024

  • 50

    bed

  • 28

    bath

  • 23,660

    Sqft ($19/Sqft)

Multi-family not for sale
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About 1934 W 5th Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Lot size 8,500 Sqft
Property description
Rare opportunity! Well-maintained 28 unit brick apartment building. Over $118,000 gross income! Low vacancy rate. Each unit has its own furnace, stove and refrigerator. Please do not disturb tenants. Pre-approved buyers only. The figure listed in the Annual Tax Amount field is the most recent annual tax amount available from the Lake County Assessor's Office. A decision on the final property tax amounts for all Lake County properties is pending in the courts. Please contact the Lake County Assessor's Office if you have any questions.
Listed by
Listing Agent - Laura Getting
Listing Office - McColly Real Estate
Source: NIRA mls logo
MLS#106231 • last updated 2 years ago
Movoto checked NIRA for data 4 minutes ago
Overview
Type Residential Income
SqFt 23660
Status Closed
MLS # 106231
Lot Size (Acres) 0.1951
Lot Size (SqFt) 8500
Year Built 1961
Interior
Total # of Bathrooms 28
# of Full Baths 28
# Bedrooms 50
Total # of Rooms 107
Laundry Common Area
Interior Features Elevator
Exterior
Parking Desc Off Street
# of Parking Spaces 5
Lot Dimensions 68x125
Amenities / Utilities
Utilities Cable Available, Sewer Available
Water Source Public
Location
County Lake
Subdivision N/a
High School District Gary
Directions East On 5th Avenue. Across From Horace Mann School. No Sign On Property.
APN 1254401760
Multifamily Details
Gross Scheduled Income 118125
Total Rent 118125
Gross Income 118558
We are not permitted to show value estimates for this property.
  • Feb 2024
    mls logo MLS # 106231
  • Feb 25, 2024 Sold
    $450,000 (-14.3%)
  • Apr 23, 2004 Listed
    $525,000
  • Year Property taxes Tax assessment
  • 2024
    $9,735 -70.8%
    $371,200 -1.98%
  • 2023
    $33,390 +185.1%
    $378,700 -17.1%
  • 2022
    $11,710 -71.0%
    $456,800
  • 2021
    $40,388 +7.0%
    $456,800 +6.68%
  • 2020
    $37,729 +280.4%
    $428,200
  • 2019
    $9,918
    $428,200
  • 1934 W 5th Ave
    $450K
  • Ambridge Mann
    $170K -5% y/y
  • 46404
    $125K -11% y/y
  • Gary
    $124K -5% y/y
No chart available
Statistics calculated by Movoto

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3/10
Beveridge Elementary School
public Grades K-5
Gary Community School Corp
3/10
Bailly Preparatory Academy
public Grades 6-8
Gary Community School Corp
1/10
West Side Leadership Academy
public Grades 9-12
Gary Community School Corp
Source: GreatSchools.org © 2026. All rights reserved.

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