Brent Wright
McColly Real Estate
(219) 248-2295
302 Total Sales
1 in Ross
$235,000 Price
3240 W 40th Ave Gary, IN 46408
Ross NeighborhoodEstimated Value: $173,928 - $214,000
6
Beds
2
Baths
2,050
Sq Ft
$93/Sq Ft
Est. Value
About This Home
As of January 2024Have you been looking for an opportunity to house hack, or become an investor? This property presents the optimal opportunity for either. Each unit is tenant occupied totaling over 1000 sq ft each, not including the basement. Situated on a quiet block, with the lot size at just under one acre, close to all of the major expressways, neighborhood, and shopping. Schedule a showing to get your investment portfolio started! Property is being sold as-is
Last Agent to Sell the Property
@properties/Christie's Intl RE License #RB18000650 Listed on: 10/12/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1969
Lot Details
- 29,795 Sq Ft Lot
- Lot Dimensions are 100 x 298
Parking
- 4 Parking Spaces
Home Design
- Duplex
Interior Spaces
- 2,050 Sq Ft Home
- Elevator
- Vinyl Flooring
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Utilities
- Well
Listing and Financial Details
- Total Actual Rent $20,300
- Tenant pays for electricity, gas
- Assessor Parcel Number 450830276020000001
Community Details
Overview
- 2 Units
- Lohman Oaks Subdivision
Building Details
- Insurance Expense $1,130
- New Taxes Expense $1,116
- Net Operating Income $16,254
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2023
Closed on
Jan 19, 2024
Sold by
Bought by
Seller's Agent
Larita Thomas
@properties/Christie's Intl RE
Buyer's Agent
Dierdra Shittu
@properties/Christie's Intl RE
List Price
$169,900
Sold Price
$164,697
Premium/Discount to List
-$5,203
-3.06%
Views
122
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,535
Avg. Annual Appreciation
6.06%
Original Mortgage
$156,462
Outstanding Balance
$152,385
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$38,847
Purchase Details
Closed on
May 15, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
4.4%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ross, IN
-
Brent Wright
-
Erika Avitia
Erika Avitia
@properties Christie's International Real Estate
(877) 761-3762
80 Total Sales
1 in Ross
$145,000 Price
-
Alejandrina Perez de Davila
Alejandrina Perez de Davila
Homes on Demand Realty
(219) 247-7472
101 Total Sales
2 in Ross
$42K - $257K Price Range
-
Jason Moon
Jason Moon
Trueblood Real Estate, LLC
(219) 351-6237
464 Total Sales
2 in Ross
$30K - $141K Price Range
-
Anthony Sobczak
Anthony Sobczak
(773) 692-3012
86 Total Sales
1 in Ross
$5,500 Price
-
Bill Vossos
Bill Vossos
BVG Realty, LLC
(219) 351-6123
75 Total Sales
1 in Ross
$158,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | Meridian Title Corp |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $156,462 | ||
| Previous Owner | $126,000 | ||
| Previous Owner | $86,625 | ||
| Previous Owner | $58,500 | ||
| Previous Owner | $30,000 | ||
| Previous Owner | $36,100 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2024 01/19/24 | Sold | $164,697 | +3.0% | $80 / Sq Ft |
| 12/16/2023 12/16/23 | Pending | -- | -- | -- |
| 11/16/2023 11/16/23 | Price Changed | $159,900 | -3.0% | $78 / Sq Ft |
| 10/25/2023 10/25/23 | Price Changed | $164,900 | -2.9% | $80 / Sq Ft |
| 10/12/2023 10/12/23 | For Sale | $169,900 | -- | $83 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,868 | $99,900 | $24,800 | $75,100 |
| 2024 | $3,574 | $89,900 | $21,200 | $68,700 |
| 2023 | $1,696 | $83,900 | $21,200 | $62,700 |
| 2022 | $1,696 | $84,400 | $21,000 | $63,400 |
| 2021 | $1,583 | $78,800 | $21,000 | $57,800 |
| 2020 | $1,565 | $77,900 | $21,000 | $56,900 |
| 2019 | $1,737 | $82,000 | $20,000 | $62,000 |
| 2018 | $2,849 | $96,300 | $19,100 | $77,200 |
| 2017 | $1,482 | $114,800 | $19,100 | $95,700 |
| 2016 | $1,515 | $117,000 | $18,700 | $98,300 |
| 2014 | $1,026 | $114,400 | $19,100 | $95,300 |
| 2013 | $1,861 | $151,300 | $19,100 | $132,200 |
Source: Public Records
Agents Affiliated with this Home
-
Larita Thomas
Seller's Agent in 2024
Larita Thomas
@ Properties
(219) 973-8481
2 in this area
231 Total Sales
-
Dierdra Shittu
Buyer's Agent in 2024
Dierdra Shittu
@ Properties
(219) 614-9961
1 in this area
46 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 540079
APN: 45-08-30-276-020.000-001
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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.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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