NOT LISTED FOR SALE

5040 Jefferson St Gary, IN 46408

Glen Park Neighborhood

Estimated Value: $129,000 - $157,000

4 Beds
3 Baths
1,740 Sq Ft
$82/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $145,000 $83 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $933/month

41 Days on Market

About This Home

As of June 2024

Attention Investors.....fully rented duplex property. Monthly Rent brings in $1650/month and is below market rent. Tenants pay all utilities Two unit duplex features basements on both sides; 2nd floor on each side hosts 2 bedrooms and full bath; unit 5042 has an extra 3/4 bath and main floor laundry; nice sized living rooms and main floor flex room on each side. Building has been inspected and qualified for housing voucher participation and is professionally managed. Newer furnace and water heater on 5040 side also has been completely renovated within last 2 years, large fenced in back yard, shed.

Last Listed By

Rebecca Olson

Listing Leaders Affiliated License #RB18001745 Listed on: 03/22/2024

Listing Leaders Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,450

Year Built

  • Built in 1942

Lot Details

  • 7,579 Sq Ft Lot

Interior Spaces

  • 1,740 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • 2 Units
  • Junedale Sub Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for repairs, taxes
  • Assessor Parcel Number 45-08-33-430-023.000-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,450

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1942
  • Co List Office Mls Id: NRA2191
  • Subdivision Name: Junedale Sub
  • Above Grade Finished Sq Ft: 1740
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement: Full
  • Flooring: Hardwood
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: None
  • Acres: 0.174

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Central, Forced Air
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 7579.44
  • Parcel #: 45-08-33-430-023.000-004

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Repairs, Taxes

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2450

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2024
Closed on
Jun 25, 2024
Sold by
Newton Timothy and Newton Jessica
Bought by
Banks Lanear and Ear Mellicent Z
Seller's Agent
Rebecca Olson
Listing Leaders Affiliated
Buyer's Agent
Anthony Gutierrez
Realty Executives Premier
List Price
$165,000
Sold Price
$145,000
Premium/Discount to List
-$20,000
-12.12%
Total Days on Market
41
Views
121
Current Estimated Value
$142,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,475
Avg. Annual Appreciation
-2.01%
Original Mortgage
$108,750
Outstanding Balance
$107,932
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$34,593

Purchase Details

Listed on
Sep 2, 2021
Closed on
Nov 12, 2021
Sold by
Sosa Santana and Sosa Rose Linda
Bought by
Newton Timothy and Newton Jessica
Seller's Agent
Hortencia Moreno
Coldwell Banker Real Estate Gr
Buyer's Agent
Rebecca Olson
Listing Leaders Affiliated
List Price
$90,000
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.97%
Original Mortgage
$67,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Range of Values:

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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
Banks Lanear $145,000 None Listed On Document
Newton Timothy -- Chicago Title Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Lanear $108,750
Previous Owner Newton Timothy $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $145,000 -9.4% $83 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/05/2024 04/05/24 Price Changed $160,000 -3.0% $92 / Sq Ft
03/22/2024 03/22/24 For Sale $165,000 +83.3% $95 / Sq Ft
11/15/2021 11/15/21 Sold $90,000 0.0% $52 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $90,000 -- $52 / 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 $8,667 $106,600 $13,500 $93,100
2023 $2,447 $98,300 $13,500 $84,800
2022 $2,447 $95,200 $9,100 $86,100
2021 $1,232 $47,800 $9,100 $38,700
2020 $1,175 $45,600 $9,100 $36,500
2019 $1,026 $45,700 $9,200 $36,500
2018 $1,136 $48,200 $9,400 $38,800
2017 $873 $35,200 $9,400 $25,800
2016 $893 $36,600 $9,400 $27,200
2014 $1,465 $62,200 $11,100 $51,100
2013 $1,398 $61,800 $11,000 $50,800
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Olson

    Seller's Agent in 2024

    Rebecca Olson

    Listing Leaders Affiliated

    (219) 384-7957

    36 in this area

    267 Total Sales

    Rebecca Olson
    Section Image

  • A

    Buyer's Agent in 2024

    Anthony Gutierrez

    Realty Executives

    (219) 670-5930

    14 in this area

    141 Total Sales

    Anthony Gutierrez
    Section Image
  • Hortencia Moreno

    Seller's Agent in 2021

    Hortencia Moreno

    Coldwell Banker Real Estate Gr

    (773) 742-5918

    2 in this area

    74 Total Sales

    Hortencia Moreno
    Section Image
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Source: Northwest Indiana Association of REALTORS®

MLS Number: 801141

Northwest Indiana Association of REALTORS®

APN: 45-08-33-430-023.000-004

Indiana Lake County Gary 46408 Glen Park

5040 Jefferson St, Gary, IN

Homes for Sale in Gary, IN

This home is located at 5040 Jefferson St, Gary, IN 46408 since 22 March 2024 and is currently estimated at $142,525, approximately $81 per square foot. This property was built in 1942. 5040 Jefferson St is a home located in Lake County with nearby schools including Glen Park Academy for Excellence in Learning, Bailly Preparatory Academy, and West Side Leadership Academy.

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® 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.