Taxes
- Assessed Value: $63,400
- Assessed Year: 2025
- Assessed County: Lake
- APN: 45-08-28-280-003.000-004
- Assessed Land Value: 6500
- Market Land Value: 6500
- Tax Amount: 447.94
- Tax Year: 2024
- Market Value: 63400
- Market Year: 2025
225 W 40th Ave; Gary, IN Property Details
Off market
4000 Adams St Gary, IN 46408
$63,400 Estimated Value
5 Beds
2.5 Baths
2,821 SqFt
Property Type
Duplex 2 UnitsProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 1939
- Est. Equity / %: $180,000 / 100%
- Gross Yield: 3.393%
- APN: 45-08-28-280-003.000-004
- Situs County: Lake
- Length Of Ownership: 1 year, 3 months
Rooms
- Bedrooms: 5
- Bathrooms: 2.5
- Full Bathrooms: 2
- Total Rooms: 8
- Partial Bathrooms: 1
Structure
- Building Style: Frame
- Stories: 2
- Building Condition: Poor
- Building Quality: C
- Roof Cover Type: Asphalt
- Sewer Type: Municipal
- Water Source: Municipal
Measurements
- Total: 2,821/SqFt
- Lot: 4,792/SqFt
- Gross: 4,830/SqFt
- Garage: 1,669/SqFt
- Living: 2,821/SqFt
- Basement: 1,433/SqFt
- Building: 4,830/SqFt
- Ground: 576/SqFt
Legal Description
- Description: GEO. & WM. EARLES 2ND GLEN PARK ADD. ALL L.1 BL.15 N.1/2 L.2 BL.15
Building Insights
Land Information
- Property Type: Duplex 2 Units
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Gary Community School Corporation
- Lat / Lon: 41.545708 / -87.33915
- Subdivision: Glen Park Add
- Property Class: Residential
- County Use Code: 520
Amenities
- Heating Fuel Type: Gas
- Plus Four: 2830
- Bathroom Fixtures: 12
- Cooling: None
- Heating: Central
Ownership Info
4000 Adams St has no associated ownership info
4000 Adams St has no associated ownership info.
Taxes
4000 Adams St has 10 associated Taxes items
225 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 $63,400. The APN we've located for 225 W 40th Ave is 45-08-28-280-003.000-004.
Unlock the full reportTax History
4000 Adams St 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 $63,400 | Land Value $6,500 | Improvement Value $56,900 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $14,300 | Land Value $6,200 | Improvement Value $8,100 | Tax Amount $447.94 | Change Rate -0.626436% | Assessed CR | Tax Rate +0.031324% |
| Year 2023 | Assessed Value $13,600 | Land Value $6,200 | Improvement Value $7,400 | Tax Amount $1,199.1 | Change Rate +4.479346% | Assessed CR | Tax Rate +0.088169% |
| Year 2022 | Assessed Value | Land Value | Improvement Value | Tax Amount $218.84 | Change Rate +0.075487% | Assessed CR | Tax Rate |
| Year 2021 | Assessed Value $8,600 | Land Value $2,300 | Improvement Value $6,300 | Tax Amount $203.48 | Change Rate -0.882174% | Assessed CR | Tax Rate +0.02366% |
| Year 2020 | Assessed Value $22,600 | Land Value $2,300 | Improvement Value $20,300 | Tax Amount $1,726.96 | Change Rate -0.618319% | Assessed CR | Tax Rate +0.076414% |
| Year 2019 | Assessed Value $25,900 | Land Value $2,600 | Improvement Value $23,300 | Tax Amount $4,524.62 | Change Rate +1.468477% | Assessed CR | Tax Rate +0.174696% |
| Year 2018 | Assessed Value $27,600 | Land Value $2,800 | Improvement Value $24,800 | Tax Amount $1,832.96 | Change Rate +2.052695% | Assessed CR | Tax Rate +0.066412% |
| Year 2017 | Assessed Value $28,000 | Land Value $2,800 | Improvement Value $25,200 | Tax Amount $600.44 | Change Rate -0.195336% | Assessed CR | Tax Rate +0.021444% |
| Year 2016 | Assessed Value $71,600 | Land Value $2,800 | Improvement Value $68,800 | Tax Amount $746.2 | Change Rate | Assessed CR | Tax Rate +0.010422% |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $746.2 | Change Rate -0.047339% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $72,900 | Land Value $3,600 | Improvement Value $69,300 | Tax Amount $783.28 | Change Rate | Assessed CR | Tax Rate +0.010745% |
| Year 2013 | Assessed Value $71,400 | Land Value $3,600 | Improvement Value $67,800 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2012 | Assessed Value | Land Value | Improvement Value | Tax Amount $752.44 | Change Rate | Assessed CR | Tax Rate |