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2724 W 42nd Ave; Gary, IN Property Details

2724 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 2724 W 42nd Ave has 2 bedrooms, and 1 bathroom, and a total of 1,728 square feet. The lot size of 2724 W 42nd Ave is 18,077 square feet.

Off market
2724 W 42nd Ave Gary, IN 46408
$153,522 Listing Price
2 Beds
1 Baths
1,728 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1950
  • Purchase Price: $153,521
  • Open Loans / Balance: 1 / $111,000
  • Est. Equity / %: $35,000 / 23.97%
  • Gross Yield: 11.236%
  • APN: 45-08-29-302-014.000-001
  • Situs County: Lake
  • Length Of Ownership: 3 years, 7 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: 1,728/SqFt
  • Lot: 18,077/SqFt
  • Gross: 1,728/SqFt
  • Garage: 352/SqFt
  • Living: 1,728/SqFt
  • Building: 1,728/SqFt
  • Ground: 864/SqFt
  • Price Per Square Foot: $88.84

Legal Description

  • Description: LOHMANS ADD. TO RANBURN WOODS ALL L.34
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: 41.543213 / -87.370995
  • Subdivision: Lohmans Add
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2418
  • Bathroom Fixtures: 5
  • Cooling: None
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 1

Ownership Info

2724 W 42nd Ave has no associated ownership info
2724 W 42nd Ave has no associated ownership info.

Taxes

2724 W 42nd Ave has 10 associated Taxes items

2724 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 $89,900. The APN we've located for 2724 W 42nd Ave is 45-08-29-302-014.000-001.

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Taxes
  • Assessed Value:  $89,900
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-29-302-014.000-001
  • Assessed Land Value:  17600
  • Market Land Value:  17600
  • Tax Amount:  941.18
  • Tax Year:  2024
  • Market Value:  89900
  • Market Year:  2025

Tax History

2724 W 42nd Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $89,900 Land Value $17,600 Improvement Value $72,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $89,700 Land Value $16,200 Improvement Value $73,500 Tax Amount $941.18 Change Rate -0.749502% Assessed CR Tax Rate +0.010493%
Year 2023 Assessed Value $88,200 Land Value $16,200 Improvement Value $72,000 Tax Amount $3,757.23 Change Rate +6.686955% Assessed CR Tax Rate +0.042599%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $488.78 Change Rate -0.561239% Assessed CR Tax Rate
Year 2021 Assessed Value $55,700 Land Value $16,000 Improvement Value $39,700 Tax Amount $1,114 Change Rate -0.498234% Assessed CR Tax Rate +0.02%
Year 2020 Assessed Value $57,500 Land Value $16,000 Improvement Value $41,500 Tax Amount $2,220.16 Change Rate +0.824889% Assessed CR Tax Rate +0.038611%
Year 2019 Assessed Value $56,600 Land Value $15,500 Improvement Value $41,100 Tax Amount $1,216.6 Change Rate -0.206734% Assessed CR Tax Rate +0.021495%
Year 2018 Assessed Value $51,600 Land Value $14,700 Improvement Value $36,900 Tax Amount $1,533.66 Change Rate +0.058821% Assessed CR Tax Rate +0.029722%
Year 2017 Assessed Value $51,200 Land Value $14,400 Improvement Value $36,800 Tax Amount $1,448.46 Change Rate -0.05136% Assessed CR Tax Rate +0.02829%
Year 2016 Assessed Value $49,900 Land Value $13,600 Improvement Value $36,300 Tax Amount $1,526.88 Change Rate Assessed CR Tax Rate +0.030599%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,526.88 Change Rate -0.030023% Assessed CR Tax Rate
Year 2014 Assessed Value $54,800 Land Value $16,300 Improvement Value $38,500 Tax Amount $1,574.14 Change Rate Assessed CR Tax Rate +0.028725%
Year 2013 Assessed Value $53,300 Land Value $16,300 Improvement Value $37,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $1,468.1 Change Rate Assessed CR Tax Rate