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2925 W 40th Ave; Gary, IN Property Details

2925 W 40th Ave, Gary, IN is a Single Family that was built in 1942. This property is currently Financed and is not for sale. Our records show that 2925 W 40th Ave has 2 bedrooms, and 1 bathroom, and a total of 2,472 square feet. The lot size of 2925 W 40th Ave is 9,148 square feet.

Off market
2925 W 40th Ave Gary, IN 46408
$85,000 Listing Price
2 Beds
1 Baths
2,472 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1942
  • Purchase Price: $62,091
  • Open Loans / Balance: 1 / $58,022
  • Est. Equity / %: $125,978 / 68.47%
  • Gross Yield: 10.22%
  • APN: 45-08-29-153-010.000-001
  • 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: C
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,472/SqFt
  • Lot: 9,148/SqFt
  • Gross: 3,708/SqFt
  • Garage: 528/SqFt
  • Living: 2,472/SqFt
  • Basement: 1,236/SqFt
  • Building: 3,708/SqFt
  • Ground: 1,236/SqFt
  • Price Per Square Foot: $25.12

Legal Description

  • Description: BEVERLY HIGHLANDS BLK F LOTS 22&23
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: 41.545734 / -87.37335
  • Subdivision: Beverly Highlands
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2301
  • Bathroom Fixtures: 6
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

2925 W 40th Ave has no associated ownership info
2925 W 40th Ave has no associated ownership info.

Taxes

2925 W 40th Ave has 10 associated Taxes items

2925 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 $133,100. The APN we've located for 2925 W 40th Ave is 45-08-29-153-010.000-001.

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Taxes
  • Assessed Value:  $133,100
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-29-153-010.000-001
  • Assessed Land Value:  13000
  • Market Land Value:  13000
  • Tax Amount:  1004.6
  • Tax Year:  2024
  • Market Value:  133100
  • Market Year:  2025

Tax History

2925 W 40th Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $133,100 Land Value $13,000 Improvement Value $120,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,004.6 Change Rate -0.743666% Assessed CR Tax Rate
Year 2023 Assessed Value $92,000 Land Value $15,600 Improvement Value $76,400 Tax Amount $3,919.11 Change Rate +3.292563% Assessed CR Tax Rate +0.042599%
Year 2022 Assessed Value $91,300 Land Value $15,400 Improvement Value $75,900 Tax Amount $913 Change Rate +0.077922% Assessed CR Tax Rate +0.01%
Year 2021 Assessed Value $84,700 Land Value $15,400 Improvement Value $69,300 Tax Amount $847 Change Rate -0.072411% Assessed CR Tax Rate +0.01%
Year 2020 Assessed Value $84,100 Land Value $15,400 Improvement Value $68,700 Tax Amount $913.12 Change Rate +0.048093% Assessed CR Tax Rate +0.010858%
Year 2019 Assessed Value $83,200 Land Value $15,000 Improvement Value $68,200 Tax Amount $871.22 Change Rate +0.166823% Assessed CR Tax Rate +0.010471%
Year 2018 Assessed Value $75,600 Land Value $14,200 Improvement Value $61,400 Tax Amount $746.66 Change Rate +0.928258% Assessed CR Tax Rate +0.009876%
Year 2017 Assessed Value $50,300 Land Value $6,700 Improvement Value $43,600 Tax Amount $387.22 Change Rate +0.094522% Assessed CR Tax Rate +0.007698%
Year 2016 Assessed Value $49,500 Land Value $6,300 Improvement Value $43,200 Tax Amount $353.78 Change Rate Assessed CR Tax Rate +0.007147%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $353.78 Change Rate -0.134293% Assessed CR Tax Rate
Year 2014 Assessed Value $59,800 Land Value $7,600 Improvement Value $52,200 Tax Amount $408.66 Change Rate Assessed CR Tax Rate +0.006834%
Year 2013 Assessed Value $57,900 Land Value $7,600 Improvement Value $50,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $367.82 Change Rate Assessed CR Tax Rate