Large Location Icon

506 E 46th Ave; Gary, IN Property Details

506 E 46th Ave, Gary, IN is a Single Family that was built in 1960. This property is currently Cash Purchase,Foreclosure and is not for sale. Our records show that 506 E 46th Ave has 3 bedrooms, and 1 bathroom, and a total of 1,976 square feet. The lot size of 506 E 46th Ave is 6,490 square feet.

Off market
506 E 46th Ave Gary, IN 46409
$67,400 Estimated Value
3 Beds
1 Baths
1,976 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1960
  • Purchase Price: $500
  • Est. Equity / %: $147,000 / 100%
  • Gross Yield: 7.894%
  • APN: 45-08-34-126-011.000-004
  • Situs County: Lake
  • Length Of Ownership: 9 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

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

Measurements

  • Total: 1,976/SqFt
  • Lot: 6,490/SqFt
  • Gross: 2,944/SqFt
  • Garage: 988/SqFt
  • Living: 1,976/SqFt
  • Basement: 968/SqFt
  • Building: 2,944/SqFt
  • Ground: 988/SqFt
  • Price Per Square Foot: $0.25

Legal Description

  • Description: S.120FT OF E.53.98FT OF W.379.46FT OF NE1/4 NW1/4 S.34 T.36 R.8 LYG N. OF 46TH AVE 0.149AC
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Gary Community School Corporation
  • Lat / Lon: 41.535156 / -87.32997
  • Property Class: Residential
  • Zoning: R3
  • County Use Code: 511

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 2506
  • Bathroom Fixtures: 5
  • Cooling: None
  • Heating: Central

Ownership Info

506 E 46th Ave has no associated ownership info
506 E 46th Ave has no associated ownership info.

Taxes

506 E 46th Ave has 10 associated Taxes items

506 E 46th 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 $67,400. The APN we've located for 506 E 46th Ave is 45-08-34-126-011.000-004.

Unlock the full report
Taxes
  • Assessed Value:  $67,400
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-34-126-011.000-004
  • Assessed Land Value:  7100
  • Market Land Value:  7100
  • Tax Amount:  1141.38
  • Tax Year:  2024
  • Market Value:  67400
  • Market Year:  2025

Tax History

506 E 46th Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $67,400 Land Value $7,100 Improvement Value $60,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $56,000 Land Value $7,100 Improvement Value $48,900 Tax Amount $1,141.38 Change Rate -0.644358% Assessed CR Tax Rate +0.020382%
Year 2023 Assessed Value $36,400 Land Value $7,200 Improvement Value $29,200 Tax Amount $3,209.35 Change Rate +2.854427% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $832.64 Change Rate +0.120676% Assessed CR Tax Rate
Year 2021 Assessed Value $29,000 Land Value $1,600 Improvement Value $27,400 Tax Amount $742.98 Change Rate +0.686445% Assessed CR Tax Rate +0.02562%
Year 2020 Assessed Value $5,000 Land Value $1,600 Improvement Value $3,400 Tax Amount $440.56 Change Rate +0.851092% Assessed CR Tax Rate +0.088112%
Year 2019 Assessed Value $5,000 Land Value $1,600 Improvement Value $3,400 Tax Amount $238 Change Rate -0.298556% Assessed CR Tax Rate +0.0476%
Year 2018 Assessed Value $5,600 Land Value $1,800 Improvement Value $3,800 Tax Amount $339.3 Change Rate +1.906957% Assessed CR Tax Rate +0.060589%
Year 2017 Assessed Value $5,400 Land Value $1,800 Improvement Value $3,600 Tax Amount $116.72 Change Rate -0.844007% Assessed CR Tax Rate +0.021615%
Year 2016 Assessed Value $35,500 Land Value $1,800 Improvement Value $33,700 Tax Amount $748.24 Change Rate Assessed CR Tax Rate +0.021077%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $748.24 Change Rate -0.238742% Assessed CR Tax Rate
Year 2014 Assessed Value $42,000 Land Value $2,200 Improvement Value $39,800 Tax Amount $982.9 Change Rate Assessed CR Tax Rate +0.023402%
Year 2013 Assessed Value $40,800 Land Value $2,200 Improvement Value $38,600 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $916.8 Change Rate Assessed CR Tax Rate