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1124 Wallace St; Gary, IN Property Details

1124 Wallace St, Gary, IN is a Single Family that was built in 1951. This property is currently a cash purchase and is not for sale. Our records show that 1124 Wallace St has 2 bedrooms, and 1.5 bathrooms, and a total of 1,496 square feet. The lot size of 1124 Wallace St is 3,746 square feet.

Off market
1124 Wallace St Gary, IN 46404
$99,900 Listing Price
2 Beds
1.5 Baths
1,496 SqFt
Property Type
Single Family
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Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1951
  • Est. Equity / %: $94,000 / 100%
  • Gross Yield: 11.017%
  • APN: 45-08-07-252-016.000-004
  • Situs County: Lake
  • Length Of Ownership: 2 years, 5 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Building Style: Brick
  • Stories: 1
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,496/SqFt
  • Lot: 3,746/SqFt
  • Gross: 1,496/SqFt
  • Garage: 748/SqFt
  • Living: 1,496/SqFt
  • Building: 1,496/SqFt
  • Ground: 748/SqFt

Legal Description

  • Description: GARY HEIGHTS L.12 BL.10
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Gary Community School Corporation
  • Lat / Lon: 41.59092 / -87.38321
  • Subdivision: Gary Heights
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1847
  • Bathroom Fixtures: 7
  • Cooling: Central
  • Heating: Central

Ownership Info

1124 Wallace St has no associated ownership info
1124 Wallace St has no associated ownership info.

Taxes

1124 Wallace St has 10 associated Taxes items

1124 Wallace St, Gary, IN pays taxes in Lake County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $82,500. The APN we've located for 1124 Wallace St is 45-08-07-252-016.000-004.

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Taxes
  • Assessed Value:  $82,500
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-07-252-016.000-004
  • Assessed Land Value:  7100
  • Market Land Value:  7100
  • Tax Amount:  730.76
  • Tax Year:  2024
  • Market Value:  82500
  • Market Year:  2025

Tax History

1124 Wallace St has 14 associated Tax History items

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YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $82,500 Land Value $7,100 Improvement Value $75,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $61,700 Land Value $6,800 Improvement Value $54,900 Tax Amount $730.76 Change Rate -0.688415% Assessed CR Tax Rate +0.011844%
Year 2023 Assessed Value $26,600 Land Value $6,800 Improvement Value $19,800 Tax Amount $2,345.3 Change Rate +2.862611% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value $23,700 Land Value $3,600 Improvement Value $20,100 Tax Amount $607.18 Change Rate -0.048188% Assessed CR Tax Rate +0.025619%
Year 2021 Assessed Value $24,900 Land Value $3,600 Improvement Value $21,300 Tax Amount $637.92 Change Rate -0.709235% Assessed CR Tax Rate +0.025619%
Year 2020 Assessed Value $24,900 Land Value $3,600 Improvement Value $21,300 Tax Amount $2,193.94 Change Rate +1.652409% Assessed CR Tax Rate +0.08811%
Year 2019 Assessed Value $25,700 Land Value $3,600 Improvement Value $22,100 Tax Amount $827.15 Change Rate -0.093007% Assessed CR Tax Rate +0.032185%
Year 2018 Assessed Value $25,700 Land Value $3,600 Improvement Value $22,100 Tax Amount $911.97 Change Rate +0.616338% Assessed CR Tax Rate +0.035485%
Year 2017 Assessed Value $26,100 Land Value $3,600 Improvement Value $22,500 Tax Amount $564.22 Change Rate -0.080086% Assessed CR Tax Rate +0.021618%
Year 2016 Assessed Value $27,100 Land Value $3,600 Improvement Value $23,500 Tax Amount $613.34 Change Rate Assessed CR Tax Rate +0.022632%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $613.34 Change Rate -0.093175% Assessed CR Tax Rate
Year 2014 Assessed Value $28,900 Land Value $4,100 Improvement Value $24,800 Tax Amount $676.36 Change Rate Assessed CR Tax Rate +0.023403%
Year 2013 Assessed Value $28,000 Land Value $4,100 Improvement Value $23,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $629.18 Change Rate Assessed CR Tax Rate
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