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540 E 52nd Ave; Gary, IN Property Details

540 E 52nd Ave, Gary, IN is a Single Family that was built in 1961. This property is currently Cash Purchase,Bank Sale and is not for sale. Our records show that 540 E 52nd Ave has 3 bedrooms, and 1.5 bathrooms, and a total of 2,454 square feet. The lot size of 540 E 52nd Ave is 8,015 square feet.

Off market
540 E 52nd Ave Merrillville, IN 46410
$120,555 Listing Price
3 Beds
1.5 Baths
2,454 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Trust
  • Owner Status: Trust
  • Year Built: 1961
  • Open Loans / Balance: 1 / $858,529
  • Est. Equity / %: $-576,529 / -204.44%
  • Gross Yield: 7.609%
  • APN: 45-08-34-380-009.000-004
  • Situs County: Lake
  • Length Of Ownership: 13 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 3
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 2,454/SqFt
  • Lot: 8,015/SqFt
  • Gross: 3,834/SqFt
  • Garage: 288/SqFt
  • Living: 2,454/SqFt
  • Basement: 1,092/SqFt
  • Building: 3,834/SqFt
  • Ground: 1,227/SqFt

Legal Description

  • Description: MEADOWLAND MANOR UNIT NO.1 ALL L.9 BL.C
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: 41.523605 / -87.32908
  • Subdivision: Meadowland Manor Unit No.1
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 1521
  • Bathroom Fixtures: 7
  • Cooling: Central
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 1

Ownership Info

540 E 52nd Ave has no associated ownership info
540 E 52nd Ave has no associated ownership info.

Taxes

540 E 52nd Ave has 10 associated Taxes items

540 E 52nd 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 $157,200. The APN we've located for 540 E 52nd Ave is 45-08-34-380-009.000-004.

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Taxes
  • Assessed Value:  $157,200
  • Assessed Year:  2025
  • Assessed County:  Lake
  • APN:  45-08-34-380-009.000-004
  • Assessed Land Value:  14300
  • Market Land Value:  14300
  • Tax Amount:  3065.36
  • Tax Year:  2024
  • Market Value:  157200
  • Market Year:  2025

Tax History

540 E 52nd Ave has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $157,200 Land Value $14,300 Improvement Value $142,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $143,000 Land Value $14,300 Improvement Value $128,700 Tax Amount $3,065.36 Change Rate -0.70386% Assessed CR Tax Rate +0.021436%
Year 2023 Assessed Value $117,400 Land Value $14,500 Improvement Value $102,900 Tax Amount $10,351.04 Change Rate +3.038863% Assessed CR Tax Rate +0.088169%
Year 2022 Assessed Value Land Value Improvement Value Tax Amount $2,562.86 Change Rate +0.039911% Assessed CR Tax Rate
Year 2021 Assessed Value $96,000 Land Value $13,900 Improvement Value $82,100 Tax Amount $2,464.5 Change Rate -0.715745% Assessed CR Tax Rate +0.025672%
Year 2020 Assessed Value $98,400 Land Value $13,900 Improvement Value $84,500 Tax Amount $8,670.02 Change Rate +3.501568% Assessed CR Tax Rate +0.08811%
Year 2019 Assessed Value $90,800 Land Value $12,800 Improvement Value $78,000 Tax Amount $1,926 Change Rate +0.061215% Assessed CR Tax Rate +0.021211%
Year 2018 Assessed Value $80,400 Land Value $11,300 Improvement Value $69,100 Tax Amount $1,814.9 Change Rate +0.031592% Assessed CR Tax Rate +0.022573%
Year 2017 Assessed Value $81,200 Land Value $11,300 Improvement Value $69,900 Tax Amount $1,759.32 Change Rate -0.03877% Assessed CR Tax Rate +0.021667%
Year 2016 Assessed Value $84,600 Land Value $11,300 Improvement Value $73,300 Tax Amount $1,830.28 Change Rate Assessed CR Tax Rate +0.021635%
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,830.28 Change Rate -0.209334% Assessed CR Tax Rate
Year 2014 Assessed Value $98,700 Land Value $13,300 Improvement Value $85,400 Tax Amount $2,314.86 Change Rate Assessed CR Tax Rate +0.023453%
Year 2013 Assessed Value $108,800 Land Value $13,300 Improvement Value $95,500 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $2,449.78 Change Rate Assessed CR Tax Rate