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Sold on 02/28/2024

3240 W 40th Ave, Gary, IN 46408

$164,697

Last sold 02/28/2024

  • 6

    bed

  • 2

    bath

  • 2,050

    Sqft ($80/Sqft)

Multi-family not for sale
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About 3240 W 40th Ave

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 0.68 Acre
Property description
Have you been looking for an opportunity to house hack, or become an investor? This property presents the optimal opportunity for either. Each unit is tenant occupied totaling over 1000 sq ft each, not including the basement. Situated on a quiet block, with the lot size at just under one acre, close to all of the major expressways, neighborhood, and shopping. Schedule a showing to get your investment portfolio started! Property is being sold as-is
Listed by
Listing Agent - Larita M. Thomas
Listing Office - @properties/Christie's Intl RE
Source: NIRA mls logo
MLS#540079 • last updated 2 years ago
Movoto checked NIRA for data 13 minutes ago
Overview
Type Residential Income
SubType Duplex
SqFt 2050
Status Closed
MLS # 540079
Lot Size (Acres) 0.684
Lot Size (SqFt) 29795
Year Built 1969
Interior
Total # of Bathrooms 2
# of Full Baths 2
# Bedrooms 6
Total # of Rooms 8
Interior Features Elevator
Exterior
Parking Desc None
# of Parking Spaces 4
Lot Dimensions 100 X 298
Amenities / Utilities
Utilities Electricity Available, Natural Gas Available
Water Source Well
Location
County Lake
Subdivision Lohman Oaks
Directions From Ridge Rd. Proceed South On Chase, Go Westbound On 40th Ave. Property Is On The Right
APN 450830276020000000
Zoning Residential
Multifamily Details
Gross Scheduled Income 20300
Total Rent 20300
Net Operating Income 16254
Lot/ Land Details
Road Surface Gravel
We are not permitted to show value estimates for this property.
  • Feb 2024
    mls logo MLS # 540079
  • Feb 28, 2024 Sold
    $164,697 (+3.0%)
  • Nov 16, 2023 Price Change
    $159,900 (-3.0%)
  • Oct 25, 2023 Price Change
    $164,900 (-2.9%)
  • Oct 12, 2023 Listed
    $169,900
  • Year Property taxes Tax assessment
  • 2024
    $1,868 -47.7%
    $89,900 +7.15%
  • 2023
    $3,574 +110.7%
    $83,900 -0.59%
  • 2022
    $1,696 -51.4%
    $84,400
  • 2021
    $3,488 +9.9%
    $84,400 +7.11%
  • 2020
    $3,173 +82.7%
    $78,800 +1.16%
  • 2019
    $1,737 -39.0%
    $77,900 -5.0%
  • 2018
    $2,849 +104.8%
    $82,000 -14.85%
  • 2017
    $1,391 +33.6%
    $96,300 -16.11%
  • 2016
    $1,041
    $114,800 -1.88%
  • 2015
    $1,041 +1.5%
    $117,000
  • 2014
    $1,026
    —
  • 3240 W 40th Ave
    $164K
  • Lohman Oaks
    —
  • 46408
    $149K +2% y/y
  • Gary
    $125K -5% y/y
No chart available
Statistics calculated by Movoto

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3/10
Calumet High School
public Grades 9-12
Lake Ridge New Technical Schools
Source: GreatSchools.org © 2026. All rights reserved.

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