Taxes
- Assessed Value: $62,800
- Assessed Year: 2025
- Assessed County: Lake
- APN: 45-08-29-280-008.000-001
- Assessed Land Value: 5300
- Market Land Value: 5300
- Tax Amount: 347.12
- Tax Year: 2024
- Market Value: 62800
- Market Year: 2025
1639 W 40th Ave; Gary, IN Property Details
Off market
1639 W 40th Ave Gary, IN 46408
$62,800 Estimated Value
2 Beds
1 Baths
1,400 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1947
- Open Loans / Balance: 1 / $40,580
- Est. Equity / %: $101,420 / 71.42%
- Gross Yield: 6.161%
- APN: 45-08-29-280-008.000-001
- Situs County: Lake
- Length Of Ownership: 3 years, 2 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
- Full Bathrooms: 1
- Total Rooms: 5
Structure
- Building Style: Masonry
- Stories: 1
- Building Condition: Average
- Building Quality: C
- Roof Cover Type: Asphalt
- Sewer Type: None
- Water Source: Municipal
Measurements
- Total: 1,400/SqFt
- Lot: 6,447/SqFt
- Gross: 2,100/SqFt
- Garage: 700/SqFt
- Living: 1,400/SqFt
- Basement: 700/SqFt
- Building: 2,100/SqFt
- Ground: 700/SqFt
Legal Description
- Description: ADDITION TO GRANT TERRACE L.12
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Lake Ridge Schools
- Lat / Lon: 41.545437 / -87.35698
- Subdivision: Addition To Grant Terrace
- Property Class: Residential
- County Use Code: 510
Amenities
- Heating Fuel Type: Gas
- Plus Four: 2403
- Bathroom Fixtures: 5
- Cooling: Central
- Heating: Central
Ownership Info
1639 W 40th Ave has no associated ownership info
1639 W 40th Ave has no associated ownership info.
Taxes
1639 W 40th Ave has 10 associated Taxes items
1639 W 40th Ave, 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 $62,800. The APN we've located for 1639 W 40th Ave is 45-08-29-280-008.000-001.
Unlock the full reportTax History
1639 W 40th Ave has 14 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $62,800 | Land Value $5,300 | Improvement Value $57,500 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value | Land Value | Improvement Value | Tax Amount $347.12 | Change Rate -0.735437% | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value $30,800 | Land Value $4,500 | Improvement Value $26,300 | Tax Amount $1,312.05 | Change Rate +5.536718% | Assessed CR | Tax Rate +0.042599% |
| Year 2022 | Assessed Value $30,300 | Land Value $3,900 | Improvement Value $26,400 | Tax Amount $200.72 | Change Rate +0.181957% | Assessed CR | Tax Rate +0.006624% |
| Year 2021 | Assessed Value $28,100 | Land Value $3,900 | Improvement Value $24,200 | Tax Amount $169.82 | Change Rate -0.094197% | Assessed CR | Tax Rate +0.006043% |
| Year 2020 | Assessed Value $28,100 | Land Value $3,900 | Improvement Value $24,200 | Tax Amount $187.48 | Change Rate -0.244093% | Assessed CR | Tax Rate +0.006672% |
| Year 2019 | Assessed Value $28,100 | Land Value $3,900 | Improvement Value $24,200 | Tax Amount $248.02 | Change Rate -0.076688% | Assessed CR | Tax Rate +0.008826% |
| Year 2018 | Assessed Value $28,200 | Land Value $3,900 | Improvement Value $24,300 | Tax Amount $268.62 | Change Rate -0.710095% | Assessed CR | Tax Rate +0.009526% |
| Year 2017 | Assessed Value $32,000 | Land Value $3,900 | Improvement Value $28,100 | Tax Amount $926.58 | Change Rate +0.280054% | Assessed CR | Tax Rate +0.028956% |
| Year 2016 | Assessed Value $23,700 | Land Value $3,900 | Improvement Value $19,800 | Tax Amount $723.86 | Change Rate | Assessed CR | Tax Rate +0.030543% |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $723.86 | Change Rate +0.012562% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $24,400 | Land Value $4,800 | Improvement Value $19,600 | Tax Amount $714.88 | Change Rate | Assessed CR | Tax Rate +0.029298% |
| Year 2013 | Assessed Value $24,200 | Land Value $4,800 | Improvement Value $19,400 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2012 | Assessed Value | Land Value | Improvement Value | Tax Amount $111.74 | Change Rate | Assessed CR | Tax Rate |