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Sold on 02/28/2024

3501 W 40th Ave, Gary, IN 46408

$230,000

Last sold 02/28/2024 for $30K

  • 8

    bed

  • 4

    bath

  • 4,711

    Sqft ($6/Sqft)

Multi-family not for sale
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About 3501 W 40th Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 0.38 Acre
Movoto estimate
Parking 3 garage spaces
Property description
GREAT INVESTMENT OPPORTUNITY! This Large 2 Unit Property has a lot to offer. The Lower Level Unit has a full finished basement with a total of 5 Beds 2 Baths. The upper Level unit has 3 Beds 2 Baths. There is an attached garage and so many endless possibilities. The owner lived in the Lower Level unit and rented the upper level for $1,000 a Month!
Listed by
Listing Agent - Brent Wright
Listing Office - McColly Real Estate
Source: NIRA mls logo
MLS#462645 • last updated 2 years ago
Movoto checked NIRA for data 7 minutes ago
Overview
Heating Baseboard, Hot Water, Natural Gas, Radiant
Type Residential Income
SubType Apartment
SqFt 4711
Status Closed
MLS # 462645
Lot Size (Acres) 0.383
Lot Size (SqFt) 16683
Year Built 1978
Interior
Total # of Bathrooms 4
# of Full Baths 4
# Bedrooms 8
Total # of Rooms 18
Laundry In Unit, Other
Interior Features Elevator
Appliances Range, Refrigerator
Exterior
Parking Desc Attached, Garage Door Opener, Off Street
# Garage Spaces 2.5
# of Parking Spaces 4
Lot Dimensions Irregular
Patio/Porch Deck, Patio
Amenities / Utilities
Utilities Cable Available, Electricity Available, Natural Gas Available
Water Source Well
Pets Allowed Yes
Location
County Lake
Subdivision Geisers Add
Directions From Ridge Rd Go South On Chase St. Then West On 40th Ave To Home On The South Side Of The Rd.
APN 450830252023000000
Multifamily Details
Gross Scheduled Income 12000
Total Rent 12000
Lot/ Land Details
Road Surface Concrete
$230K
Range: $128K-$331K
Last 30 days 
  • Feb 2024
    mls logo MLS # 306803
  • Feb 28, 2024 Sold
    $30,008 (-82.9%)
  • May 3, 2012 Listed
    $33,000 (-63.3%)
  • Feb 2024
    mls logo MLS # 462645
  • Feb 28, 2024 Sold
    $175,000 (+104.7%)
  • Sep 15, 2019 Listed
    $171,900 (+420.9%)
  • Feb 2024
    mls logo MLS # 94382
  • Feb 25, 2024 Sold
    $85,500 (-50.3%)
  • Sep 29, 2003 Listed
    $89,900
  • Year Property taxes Tax assessment
  • 2024
    $3,313 -64.8%
    $228,200 +3.16%
  • 2023
    $9,423 +198.1%
    $221,200
  • 2022
    $3,161 -44.9%
    $221,200 +1.75%
  • 2021
    $5,736 +6.5%
    $217,400 +8.7%
  • 2020
    $5,387 +102.9%
    $200,000 -1.57%
  • 2019
    $2,655 -18.7%
    $203,200 +14.54%
  • 2018
    $3,265 -2.3%
    $177,400 +10.46%
  • 2017
    $3,341 +1.2%
    $160,600 -3.83%
  • 2016
    $3,302
    $167,000 +1.71%
  • 2015
    $3,302 -8.6%
    $164,200
  • 2014
    $3,613
    —
  • 3501 W 40th Ave
    $30K
  • Geisers Add
    —
  • 46408
    $154K +3% y/y
  • Gary
    $129K -4% 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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