5816 E 7th Ave Gary, IN 46403
Aetna Neighborhood
2
Beds
2
Baths
1,433
Sq Ft
7,100
Sq Ft Lot
Highlights
- Deck
- 1-minute walk to Miller (Gary) Station
- Covered patio or porch
- Wood Flooring
- No HOA
- Restaurant
About This Home
As of February 2025Welcome to 5816 East 7th Avenue! Located within the "East Lakefront District" this is a RARE chance to own a Prime Mixed - Use Building. Located directly across from the new Miller Beach South Shore Train Station! This property presents an extraordinary opportunity for the Astute Investor or Business Visionary! With its Strategic location, expansive parking capacity, centered directly within the Miller Lake Street TOD zone and Business district! The possibilities for this Mixed-use space, business or residential, is limitless! Don't miss out on this rare chance to own a piece of prime real estate in one of Miller Beach's most sought-after locations. The Sale includes 3 adjoining Parcels with parking for 18 Vehicles. Conveniently located, and just steps away from Millers Business district for boutique shopping, dining options, a craft brewery, coffee shops, banking, public library and post office. Experience the "Miller Beach Creative Arts District" for ongoing artists and cultural events. Only minutes away by bike or car to Lake Street Beach access! Miller, a community unparalleled in its offerings. Don't miss out on this exceptional property! Explore the endless possibilities this property has to offer!
Last Agent to Sell the Property
McColly Real Estate License #RB14052205 Listed on: 04/27/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,211
Year Built
- Built in 1924
Lot Details
- 7,100 Sq Ft Lot
- Wood Fence
- Back Yard Fenced
- Zoning described as Mixed Use
Parking
- 1 Car Garage
Home Design
- Brick Foundation
- Block Foundation
Interior Spaces
- 1,433 Sq Ft Home
- 1-Story Property
- Gas Log Fireplace
- Natural lighting in basement
- Attic Stairs
Flooring
- Wood
- Carpet
- Slate Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Outdoor Features
- Deck
- Covered patio or porch
Utilities
- Forced Air Heating and Cooling System
- Three-Phase Power
Listing and Financial Details
- Assessor Parcel Number 450906409012000004
Community Details
Overview
- No Home Owners Association
- Ridge Sub Subdivision
Amenities
- Restaurant
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2024
Closed on
Feb 6, 2025
Sold by
Divich Daniel A
Bought by
Parker-Wright Mashone and Wright Corey
Seller's Agent
Alan Harrell
McColly Real Estate
Buyer's Agent
Javier Ledesma
Horizon Realty, LLC
List Price
$485,000
Sold Price
$250,000
Premium/Discount to List
-$235,000
-48.45%
Total Days on Market
208
Views
59
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
-$11,026
Avg. Annual Appreciation
-11.78%
Purchase Details
Closed on
Oct 14, 2022
Sold by
Sheriff Of Lake County
Bought by
Fassa Charlene
Purchase Details
Closed on
Nov 4, 2020
Sold by
Settle Debra and Estate Of Barbara R Divich
Bought by
Divich Daniel A
Purchase Details
Closed on
Dec 22, 2016
Sold by
Settle Debra
Bought by
Divich Daniel A
Purchase Details
Closed on
Dec 15, 2016
Sold by
Divich Daniel A
Bought by
Divich Daniel A
Similar Homes in Gary, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Personal Reps Deed | -- | Community Title Company | |
| Sheriffs Deed | $45,000 | -- | |
| Personal Reps Deed | -- | None Available | |
| Personal Reps Deed | -- | None Available | |
| Personal Reps Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $250,000 | -12.3% | $174 / Sq Ft |
| 11/07/2024 11/07/24 | Price Changed | $285,000 | -26.0% | $199 / Sq Ft |
| 06/21/2024 06/21/24 | Price Changed | $385,000 | -20.6% | $269 / Sq Ft |
| 04/27/2024 04/27/24 | For Sale | $485,000 | -- | $338 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
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 | $8,755 | $8,600 | $8,200 | $400 |
| 2023 | $2,504 | $99,300 | $8,300 | $91,000 |
| 2022 | $2,211 | $86,300 | $8,200 | $78,100 |
| 2021 | $2,047 | $79,900 | $8,200 | $71,700 |
| 2020 | $1,988 | $77,600 | $8,200 | $69,400 |
| 2019 | $1,612 | $77,600 | $8,200 | $69,400 |
| 2018 | $1,738 | $77,600 | $8,200 | $69,400 |
| 2017 | $1,757 | $78,500 | $8,200 | $70,300 |
| 2016 | $1,332 | $59,700 | $8,200 | $51,500 |
| 2014 | $1,399 | $59,800 | $8,900 | $50,900 |
| 2013 | $1,299 | $57,800 | $8,900 | $48,900 |
Source: Public Records
Agents Affiliated with this Home
-
Alan Harrell
A
Seller's Agent in 2025
Alan Harrell
McColly Real Estate
5 in this area
103 Total Sales
-
Javier Ledesma
Buyer's Agent in 2025
Javier Ledesma
Horizon Realty, LLC
(219) 380-8023
2 in this area
19 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 802839
APN: 45-09-06-409-012.000-004
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.
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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