$160,000
SOLD NOV 17, 2025

4305 Colfax St Gary, IN 46408

Ross Neighborhood
-- Bed
-- Bath
1,442 Sq Ft
1939 Built

Recently Sold

$111 Per Sq Ft

9% Below List Price

79 Days on Market

Highlights

  • Wooded Lot
  • 1-Story Property
  • Forced Air Heating System
  • No HOA
  • Outdoor Storage

About This Home

As of November 2025

Great established investment property. Two 1 bed/ 1 bath homes on a single parcel. Great, extra deep wooded lot with plenty of room for both tenants. More photos to come! Being sold as-is.

Last Agent to Sell the Property

Bill Loy

McColly Real Estate License #RB17001333 Listed on: 08/27/2025

McColly Real Estate

Last Buyer's Agent

Sonia Diaz

Elite Source Realty, Inc. License #RB14038892

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1939

Parking

  • Off-Street Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1,442 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Washer and Gas Dryer Hookup

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Outdoor Storage
  • Wooded Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Not Stated Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, water, taxes, sewer, insurance, grounds care
  • Assessor Parcel Number 450725351002000001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,300

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1939
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Gas Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Front Yard, Wooded, Rectangular Lot
  • Co List Office Mls Id: NRA254
  • Subdivision Name: Not stated
  • Above Grade Finished Sq Ft: 1442
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator, Range
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Kitchen Island
  • Basement: Crawl Space
  • Basement YN: No

Exterior Features

  • Exterior Features: Rain Gutters, Storage
  • Waterfront: No
  • Reso Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Driveway, Off Street, Gravel

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
  • Cooling: Individual Units
  • Heating: Forced Air, Individual Unit, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 0.44
  • Additional Parcels: No
  • Parcel #: 450725351002000001

Rental Info

  • Pets Allowed: Number Limit, Yes, Size Limit
  • Tenant Pays: All Utilities
  • Owner Pays: Exterior Maintenance, Water, Taxes, Sewer, Insurance, Grounds Care

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2300

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2025
Closed on
Nov 3, 2025
Sold by
Fdtm Properties Llc
Bought by
Armas Gilbert
Seller's Agent
Bill Loy
McColly Real Estate
Buyer's Agent
Sonia Diaz
Elite Source Realty, Inc.
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%
Views
113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.60%
Original Mortgage
$152,000
Outstanding Balance
$152,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$14,508
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $152,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 Sold $160,000 -8.6% $111 / Sq Ft
08/27/2025 08/27/25 For Sale $175,000 -- $121 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $4,358 $110,500 $17,400 $93,100
2023 $1,968 $102,300 $17,400 $84,900
2022 $1,968 $99,600 $13,700 $85,900
2021 $1,832 $92,700 $13,700 $79,000
2020 $1,804 $91,300 $13,700 $77,600
2019 $1,859 $89,500 $13,100 $76,400
2018 $2,332 $79,200 $12,500 $66,700
2017 $2,247 $76,000 $12,500 $63,500
2016 $2,338 $78,600 $12,200 $66,400
2014 $2,172 $74,300 $12,600 $61,700
2013 $2,063 $73,700 $12,600 $61,100
Source: Public Records

Agents Affiliated with this Home

  • Bill Loy

    Seller's Agent in 2025

    Bill Loy

    McColly Real Estate

    (219) 670-2864

    2 in this area

    28 Total Sales

    Bill Loy
    Section Image
  • Sonia Diaz

    Buyer's Agent in 2025

    Sonia Diaz

    Elite Source Realty, Inc.

    (219) 406-2396

    1 in this area

    45 Total Sales

    Sonia Diaz
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 826786

Northwest Indiana Association of REALTORS®

APN: 45-07-25-351-002.000-001

Indiana Lake County Gary 46408 Ross

4305 Colfax St, Gary, IN

Sold

MultiFamily

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Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple 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.

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