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2137 W 48th Ave; Gary, IN Property Details

2137 W 48th Ave, Gary, IN is a Single Family that was built in 1955. This property is currently a cash purchase and is not for sale. Our records show that 2137 W 48th Ave has 2 bedrooms, and 1 bathroom, and a total of 1,248 square feet. The lot size of 2137 W 48th Ave is 7,667 square feet.

Off market
2137 W 48th Ave Gary, IN 46408
$70,000 Listing Price
2 Beds
1 Baths
1,248 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1955
  • Purchase Price: $85,000
  • Open Loans / Balance: 1 / $110,679
  • Est. Equity / %: $33,321 / 23.14%
  • Gross Yield: 9.725%
  • APN: 45-08-32-257-001.000-001
  • Situs County: Lake
  • Length Of Ownership: 3 years, 2 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 5

Structure

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

Measurements

  • Total: 1,248/SqFt
  • Lot: 7,667/SqFt
  • Gross: 1,248/SqFt
  • Garage: 456/SqFt
  • Living: 1,248/SqFt
  • Building: 1,248/SqFt
  • Ground: 624/SqFt
  • Price Per Square Foot: $68.11

Legal Description

  • Description: ORCHARD HILL ADD. GARY ALL LOTS 23 & 24 BL.1
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: 41.53125 / -87.36263
  • Subdivision: Orchard Hill Add
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4203
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Garage: Carport
  • Heating: Central
  • Parking: 2

Ownership Info

2137 W 48th Ave has no associated ownership info
2137 W 48th Ave has no associated ownership info.

Taxes

2137 W 48th Ave has 10 associated Taxes items

2137 W 48th 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 $78,200. The APN we've located for 2137 W 48th Ave is 45-08-32-257-001.000-001.

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Taxes
  • Assessed Value:  $78,200
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-32-257-001.000-001
  • Assessed Land Value:  10800
  • Market Land Value:  10800
  • Tax Amount:  958.6
  • Tax Year:  2024
  • Market Value:  78200
  • Market Year:  2025

Tax History

2137 W 48th Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $78,200 Land Value $10,800 Improvement Value $67,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $958.6 Change Rate -0.485061% Assessed CR Tax Rate
Year 2023 Assessed Value $43,700 Land Value $11,500 Improvement Value $32,200 Tax Amount $1,861.58 Change Rate +1.129954% Assessed CR Tax Rate +0.042599%
Year 2022 Assessed Value $43,700 Land Value $11,300 Improvement Value $32,400 Tax Amount $874 Change Rate +0.06326% Assessed CR Tax Rate +0.02%
Year 2021 Assessed Value $41,100 Land Value $11,300 Improvement Value $29,800 Tax Amount $822 Change Rate -0.502999% Assessed CR Tax Rate +0.02%
Year 2020 Assessed Value $40,600 Land Value $11,300 Improvement Value $29,300 Tax Amount $1,653.92 Change Rate +0.886744% Assessed CR Tax Rate +0.040737%
Year 2019 Assessed Value $39,600 Land Value $10,800 Improvement Value $28,800 Tax Amount $876.6 Change Rate -0.202554% Assessed CR Tax Rate +0.022136%
Year 2018 Assessed Value $35,500 Land Value $10,300 Improvement Value $25,200 Tax Amount $1,099.26 Change Rate +0.031375% Assessed CR Tax Rate +0.030965%
Year 2017 Assessed Value $37,000 Land Value $10,300 Improvement Value $26,700 Tax Amount $1,065.82 Change Rate +1.809818% Assessed CR Tax Rate +0.028806%
Year 2016 Assessed Value $37,500 Land Value $10,100 Improvement Value $27,400 Tax Amount $379.32 Change Rate Assessed CR Tax Rate +0.010115%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $379.32 Change Rate +0.116501% Assessed CR Tax Rate
Year 2014 Assessed Value $41,700 Land Value $10,300 Improvement Value $31,400 Tax Amount $339.74 Change Rate Assessed CR Tax Rate +0.008147%
Year 2013 Assessed Value $41,500 Land Value $10,300 Improvement Value $31,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,170.58 Change Rate Assessed CR Tax Rate