Large Location Icon

2949 W 40th Ave; Gary, IN Property Details

2949 W 40th Ave, Gary, IN is a Single Family that was built in 1942. This property is currently a cash purchase and is not for sale. Our records show that 2949 W 40th Ave has 3 bedrooms, and 1 bathroom, and a total of 2,802 square feet. The lot size of 2949 W 40th Ave is 11,543 square feet.

Off market
2949 W 40th Ave Gary, IN 46408
$151,400 Estimated Value
3 Beds
1 Baths
2,802 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1942
  • Est. Equity / %: $167,000 / 100%
  • Gross Yield: 11.978%
  • APN: 45-08-29-153-007.000-001
  • Situs County: Lake
  • Length Of Ownership: 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 3

Structure

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

Measurements

  • Total: 2,802/SqFt
  • Lot: 11,543/SqFt
  • Gross: 4,203/SqFt
  • Garage: 1,401/SqFt
  • Living: 2,802/SqFt
  • Basement: 1,401/SqFt
  • Building: 4,203/SqFt
  • Ground: 1,401/SqFt

Legal Description

  • Description: BEVERLY HIGHLANDS ALL LOTS 25 & 26 BL.F
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: 41.54563 / -87.37388
  • Subdivision: Beverly Highlands
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2301
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Fireplaces: 1
  • Heating: Central

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

2949 W 40th Ave has no associated ownership info
2949 W 40th Ave has no associated ownership info.

Taxes

2949 W 40th Ave has 10 associated Taxes items

2949 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 $151,400. The APN we've located for 2949 W 40th Ave is 45-08-29-153-007.000-001.

Unlock the full report
Taxes
  • Assessed Value:  $151,400
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-29-153-007.000-001
  • Assessed Land Value:  13400
  • Market Land Value:  13400
  • Tax Amount:  1056.6
  • Tax Year:  2024
  • Market Value:  151400
  • Market Year:  2025

Tax History

2949 W 40th Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $151,400 Land Value $13,400 Improvement Value $138,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $100,000 Land Value $15,000 Improvement Value $85,000 Tax Amount $1,056.6 Change Rate -0.744821% Assessed CR Tax Rate +0.010566%
Year 2023 Assessed Value $97,200 Land Value $15,000 Improvement Value $82,200 Tax Amount $4,140.62 Change Rate +3.414307% Assessed CR Tax Rate +0.042599%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $938 Change Rate +0.079402% Assessed CR Tax Rate
Year 2021 Assessed Value $88,700 Land Value $14,800 Improvement Value $73,900 Tax Amount $869 Change Rate -0.166075% Assessed CR Tax Rate +0.009797%
Year 2020 Assessed Value $88,000 Land Value $14,800 Improvement Value $73,200 Tax Amount $1,042.06 Change Rate +0.113788% Assessed CR Tax Rate +0.011842%
Year 2019 Assessed Value $86,900 Land Value $14,400 Improvement Value $72,500 Tax Amount $935.6 Change Rate +0.091868% Assessed CR Tax Rate +0.010766%
Year 2018 Assessed Value $79,000 Land Value $13,600 Improvement Value $65,400 Tax Amount $856.88 Change Rate +0.168877% Assessed CR Tax Rate +0.010847%
Year 2017 Assessed Value $78,000 Land Value $13,300 Improvement Value $64,700 Tax Amount $733.08 Change Rate -0.047651% Assessed CR Tax Rate +0.009398%
Year 2016 Assessed Value $80,300 Land Value $12,600 Improvement Value $67,700 Tax Amount $769.76 Change Rate Assessed CR Tax Rate +0.009586%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $769.76 Change Rate -0.084404% Assessed CR Tax Rate
Year 2014 Assessed Value $88,200 Land Value $15,100 Improvement Value $73,100 Tax Amount $840.72 Change Rate Assessed CR Tax Rate +0.009532%
Year 2013 Assessed Value $85,300 Land Value $15,100 Improvement Value $70,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $729.14 Change Rate Assessed CR Tax Rate