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5305 W 3rd Ave; Gary, IN Property Details

5305 W 3rd Ave, Gary, IN is a Single Family that was built in 1950. This property is currently a cash purchase and is not for sale. Our records show that 5305 W 3rd Ave has 2 bedrooms, and 1 bathroom, and a total of 1,550 square feet. The lot size of 5305 W 3rd Ave is 4,095 square feet.

Off market
5305 W 3rd Ave Gary, IN 46406
$30,000 Estimated Value
2 Beds
1 Baths
1,550 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1950
  • Purchase Price: $10,000
  • Est. Equity / %: $140,000 / 100%
  • Gross Yield: 10.56%
  • APN: 45-07-01-252-006.000-004
  • Situs County: Lake
  • Length Of Ownership: 14 years, 3 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 2

Structure

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

Measurements

  • Total: 1,550/SqFt
  • Lot: 4,095/SqFt
  • Gross: 1,550/SqFt
  • Living: 1,550/SqFt
  • Building: 1,550/SqFt
  • Ground: 775/SqFt
  • Price Per Square Foot: $6.45

Legal Description

  • Description: GRAND CALUMET ADD. L.14 BL.6 W. 8 FT.L.13 BL.6 E. 3 FT. L.15 BL.6
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: 41.605007 / -87.40259
  • Subdivision: Grand Calumet Add
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1504
  • Bathroom Fixtures: 5
  • Cooling: None
  • Heating: Central

Ownership Info

5305 W 3rd Ave has no associated ownership info
5305 W 3rd Ave has no associated ownership info.

Taxes

5305 W 3rd Ave has 10 associated Taxes items

5305 W 3rd 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 $30,000. The APN we've located for 5305 W 3rd Ave is 45-07-01-252-006.000-004.

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Taxes
  • Assessed Value:  $30,000
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-07-01-252-006.000-004
  • Assessed Land Value:  6600
  • Market Land Value:  6600
  • Tax Amount:  715.62
  • Tax Year:  2024
  • Market Value:  30000
  • Market Year:  2025

Tax History

5305 W 3rd Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $30,000 Land Value $6,600 Improvement Value $23,400 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $27,400 Land Value $6,600 Improvement Value $20,800 Tax Amount $715.62 Change Rate -0.687828% Assessed CR Tax Rate +0.026118%
Year 2023 Assessed Value $26,000 Land Value $6,600 Improvement Value $19,400 Tax Amount $2,292.39 Change Rate +2.942472% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $581.46 Change Rate +0.072765% Assessed CR Tax Rate
Year 2021 Assessed Value $21,000 Land Value $3,800 Improvement Value $17,200 Tax Amount $542.02 Change Rate -0.726595% Assessed CR Tax Rate +0.02581%
Year 2020 Assessed Value $22,500 Land Value $3,800 Improvement Value $18,700 Tax Amount $1,982.48 Change Rate +2.933492% Assessed CR Tax Rate +0.08811%
Year 2019 Assessed Value $22,000 Land Value $3,800 Improvement Value $18,200 Tax Amount $504 Change Rate -0.06908% Assessed CR Tax Rate +0.022909%
Year 2018 Assessed Value $22,500 Land Value $3,800 Improvement Value $18,700 Tax Amount $541.4 Change Rate +0.089643% Assessed CR Tax Rate +0.024062%
Year 2017 Assessed Value $22,800 Land Value $3,800 Improvement Value $19,000 Tax Amount $496.86 Change Rate +0.00783% Assessed CR Tax Rate +0.021792%
Year 2016 Assessed Value $23,700 Land Value $3,800 Improvement Value $19,900 Tax Amount $493 Change Rate Assessed CR Tax Rate +0.020802%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $493 Change Rate -0.094748% Assessed CR Tax Rate
Year 2014 Assessed Value $23,100 Land Value $4,700 Improvement Value $18,400 Tax Amount $544.6 Change Rate Assessed CR Tax Rate +0.023576%
Year 2013 Assessed Value $22,500 Land Value $4,700 Improvement Value $17,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $509.58 Change Rate Assessed CR Tax Rate