NOT LISTED FOR SALE

1550-56 E 34th Ave Gary, IN 46408

Estimated Value: $277,000

8 Beds
8 Baths
4,480 Sq Ft
$62/Sq Ft Est. Value

Last Sold December 29, 2016

Last sale price $180,000 $40 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,998/month

208 Days on Market

About This Home

As of December 2016

Amazing Investment Opportunity! 4 units, each with 2 Bdrms, a utility room, 900+ sf, and 1.5 baths, and all are tenant occupied! 3 of the 4 units have been recently updated. Plenty of off street parking. Don't pass this one by!! Turn-key Investment Opportunity! See it today!!!

Last Agent to Sell the Property

Eric Lopez

RE/MAX Realty Associates License #RB14044362 Listed on: 05/05/2016

RE/MAX Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 1969

Lot Details

  • 0.27 Acre Lot

Parking

  • Driveway

Home Design

  • 4,480 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 450920305016000020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,000

Year Built

Built in 1969

Lot Details

0.27 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1969
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: None
  • Co List Office Mls Id: GNR337
  • Subdivision Name: None
  • GNR_TotalBathrooms: 8
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • GNR_ParkingSurface: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Acres: 0.269

Garage/Parking

  • Parking Features: None

Schools

  • Junior High Dist: River Forest

Lot Info

  • Lot Size Sq Ft: 11718
  • ResoLotSizeUnits: Acres
  • Parcel #: 450920305016000020
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2016
Closed on
Dec 29, 2016
Sold by
Robinson Charlotte
Bought by
Geraci Sam J and Chevalier Elizabeth J
Seller's Agent
Eric Lopez
RE/MAX Realty Associates
List Price
$180,000
Sold Price
$180,000
Current Estimated Value
$277,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,000
Avg. Annual Appreciation
4.79%
Original Mortgage
$135,000
Outstanding Balance
$109,565
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$167,435
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Geraci Sam J -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geraci Sam J $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2016 12/29/16 Sold $180,000 0.0% $40 / Sq Ft
11/29/2016 11/29/16 Pending -- -- --
05/05/2016 05/05/16 For Sale $180,000 -- $40 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,688 $231,900 $15,400 $216,500
2024 $10,280 $195,100 $15,400 $179,700
2023 $6,077 $191,900 $15,400 $176,500
2022 $6,077 $190,500 $15,400 $175,100
2021 $5,681 $178,100 $15,400 $162,700
2020 $5,503 $178,100 $15,400 $162,700
2019 $5,883 $178,100 $15,400 $162,700
2018 $5,916 $178,100 $15,400 $162,700
2017 $6,088 $180,600 $15,400 $165,200
2016 $6,140 $179,800 $15,400 $164,400
2014 $2,491 $83,800 $15,400 $68,400
2013 $2,673 $82,600 $15,400 $67,200
Source: Public Records

Agents Affiliated with this Home

  • Eric Lopez

    Seller's Agent in 2016

    Eric Lopez

    RE/MAX

    (219) 798-3181

    8 in this area

    73 Total Sales

    Eric Lopez
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR393192

Northwest Indiana Association of REALTORS®

APN: 45-09-20-305-016.000-020

Indiana Lake County Gary 46342

1550-56 E 34th Ave, Gary, IN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

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