NOT LISTED FOR SALE

630 E 8th Ave Gary, IN 46402

Downtown Gary Neighborhood
7 Beds
7 Baths
6,156 Sq Ft
1,860 Sq Ft Lot

Last Sold January 29, 2013

Last sale price $9,500 $2 Per Sq Ft

364 Days on Market

About This Home

As of January 2013

This 7 unit brick gem needs a new investor to unlock the earning potential for this building. Current owner ready to retire.Property is need of some repair. Bring any and all offers.

Last Agent to Sell the Property

Eric Griffin

Griffin Realty, LLC License #RB14032666 Listed on: 01/16/2012

Last Buyer's Agent

Eric Griffin

Griffin Realty, LLC License #RB14032666 Listed on: 01/16/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 1,860 Sq Ft Lot
  • Lot Dimensions are 62x30

Home Design

  • Brick Foundation

Interior Spaces

  • 7 Bedrooms
  • 6,156 Sq Ft Home
  • Elevator
  • Basement

Listing and Financial Details

  • Total Actual Rent $3,500
  • Assessor Parcel Number 450803378038000004

Community Details

Overview

  • 7 Units
  • Gary Land Co Subdivision

Building Details

  • Electric Expense $3,000
  • Insurance Expense $500
  • Water Sewer Expense $1,608
  • New Taxes Expense $2,579
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1924
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA670
  • Subdivision Name: Gary land Co
  • WaterExpense: 1608.00
  • SewerExpense: 2125.00
  • NumberOfStores: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement YN: Yes
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.0427
  • Construction Type: Brick

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 62x30
  • Lot Size Sq Ft: 1860
  • Parcel #: 450803378038000004

Rental Info

  • Lease Term: Month To Month
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 3000
  • Insurance Expense: 500
  • Total Actual Rent: 3500

Tax Info

  • New Taxes Expense: 2579

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2013 01/29/13 Sold $9,500 0.0% $2 / Sq Ft
12/30/2012 12/30/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $9,500 -- $2 / 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
2025 $1,340 $32,800 $1,400 $31,400
2024 $2,954 $32,900 $1,400 $31,500
2023 $845 $33,500 $1,400 $32,100
2022 $892 $34,800 $1,400 $33,400
2021 $833 $32,500 $1,400 $31,100
2020 $592 $23,100 $1,400 $21,700
2019 $2,784 $23,100 $1,400 $21,700
2018 $2,458 $25,900 $4,200 $21,700
2017 $656 $26,200 $4,200 $22,000
2016 $670 $27,200 $4,200 $23,000
2014 $2,608 $111,300 $1,500 $109,800
2013 $2,308 $102,600 $1,500 $101,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Eric Griffin

    Griffin Realty, LLC

    (219) 313-3359

    3 in this area

    27 Total Sales

    Eric Griffin
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 300050

Northwest Indiana Association of REALTORS®
Indiana Lake County Gary 46402 Downtown Gary

630 E 8th Ave, Gary, IN

Not Listed for Sale

MultiFamily

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