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2601 W 42nd Ave; Gary, IN Property Details

2601 W 42nd Ave, Gary, IN is a Single Family that was built in 1950. This property is currently Financed and is not for sale. Our records show that 2601 W 42nd Ave has 3 bedrooms, and 1.5 bathrooms, and a total of 2,220 square feet. The lot size of 2601 W 42nd Ave is 17,729 square feet.

Off market
2601 W 42nd Ave Gary, IN 46408
$107,900 Listing Price
3 Beds
1.5 Baths
2,220 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1950
  • Purchase Price: $95,500
  • Open Loans / Balance: 1 / $70,247
  • Est. Equity / %: $158,753 / 69.32%
  • Gross Yield: 13.305%
  • APN: 45-08-29-328-003.000-001
  • Situs County: Lake
  • Length Of Ownership: 11 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,220/SqFt
  • Lot: 17,729/SqFt
  • Gross: 2,220/SqFt
  • Garage: 528/SqFt
  • Living: 2,220/SqFt
  • Building: 2,220/SqFt
  • Ground: 2,220/SqFt
  • Price Per Square Foot: $43.02

Legal Description

  • Description: LOHMANS ADD. TO RANBURN WOODS ALL L.44
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Lake Ridge Schools
  • Lat / Lon: 41.54231 / -87.36941
  • Subdivision: Lohmans Add
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2415
  • Bathroom Fixtures: 7
  • Cooling: None
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

2601 W 42nd Ave has no associated ownership info
2601 W 42nd Ave has no associated ownership info.

Taxes

2601 W 42nd Ave has 10 associated Taxes items

2601 W 42nd 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 $166,700. The APN we've located for 2601 W 42nd Ave is 45-08-29-328-003.000-001.

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Taxes
  • Assessed Value:  $166,700
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-29-328-003.000-001
  • Assessed Land Value:  17300
  • Market Land Value:  17300
  • Tax Amount:  1155.6
  • Tax Year:  2024
  • Market Value:  166700
  • Market Year:  2025

Tax History

2601 W 42nd Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $166,700 Land Value $17,300 Improvement Value $149,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $110,800 Land Value $18,600 Improvement Value $92,200 Tax Amount $1,155.6 Change Rate -0.746709% Assessed CR Tax Rate +0.01043%
Year 2023 Assessed Value $107,100 Land Value $18,600 Improvement Value $88,500 Tax Amount $4,562.35 Change Rate +3.357545% Assessed CR Tax Rate +0.042599%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $1,047 Change Rate +0.036634% Assessed CR Tax Rate
Year 2021 Assessed Value $102,400 Land Value $18,400 Improvement Value $84,000 Tax Amount $1,010 Change Rate -0.282915% Assessed CR Tax Rate +0.009863%
Year 2020 Assessed Value $102,000 Land Value $18,400 Improvement Value $83,600 Tax Amount $1,408.48 Change Rate +0.309483% Assessed CR Tax Rate +0.013809%
Year 2019 Assessed Value $100,600 Land Value $17,800 Improvement Value $82,800 Tax Amount $1,075.6 Change Rate -0.078794% Assessed CR Tax Rate +0.010692%
Year 2018 Assessed Value $91,400 Land Value $16,900 Improvement Value $74,500 Tax Amount $1,167.6 Change Rate +0.114803% Assessed CR Tax Rate +0.012775%
Year 2017 Assessed Value $90,800 Land Value $16,500 Improvement Value $74,300 Tax Amount $1,047.36 Change Rate +0.057064% Assessed CR Tax Rate +0.011535%
Year 2016 Assessed Value $89,100 Land Value $15,600 Improvement Value $73,500 Tax Amount $990.82 Change Rate Assessed CR Tax Rate +0.01112%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $990.82 Change Rate -0.125891% Assessed CR Tax Rate
Year 2014 Assessed Value $102,300 Land Value $18,800 Improvement Value $83,500 Tax Amount $1,133.52 Change Rate Assessed CR Tax Rate +0.01108%
Year 2013 Assessed Value $99,100 Land Value $18,800 Improvement Value $80,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $997.5 Change Rate Assessed CR Tax Rate