NEW CARPETS WERE INSTALLED THROUGHOUT THE ENTIRE HOME! Updated photos are attached. Newly Renovated 3 Bed, 2 Bath Single-Family Home. This recently vacated, fully renovated 3-bedroom, 2-bathroom single-family features a fenced backyard, a 1-car garage with alley access, and an unfinished basement with a newer sump pump. The home has been expertly managed by Property Boss for the past 7 years and boasts a great rental history, with the average tenant staying for 4 years. The median market rent in this area is 1,100-1,300 per month. Key features include a brand new furnace installed in October 2024, a 6-year-old hot water heater, and an 8-year-old roof.This move-in-ready property presents an excellent investment opportunity. Schedule a showing today!
Closed
$115,000
512 W 49th Ave, Gary, IN 46408
3beds
1,901sqft
Single Family Residence
Built in 1948
5,619.24 Square Feet Lot
$120,400 Zestimate®
$60/sqft
$1,650 Estimated rent
Home value
$120,400
$108,000 - $134,000
$1,650/mo
Zestimate® history
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$580/mo
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Zillow last checked:
Listing updated:
Listed by:
Kiyah Marshall,
Property Boss 219-801-6123
Bought with:
Mark Keene, RB18001895
BS Realty Services Indiana LLC
Source: NIRA as distributed by MLS GRID,MLS#: 816391
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 2
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 3
- Area: 0
- Dimensions: 0.0 x 0.0
Den
- Area: 0
- Dimensions: 0.0 x 0.0
Kitchen
- Area: 0
- Dimensions: 0.0 x 0.0
Living room
- Area: 0
- Dimensions: 0.0 x 0.0
Other
- Area: 0
- Dimensions: 0.0 x 0.0
Heating
- Natural Gas
Appliances
- Included: Dryer, Refrigerator, Washer
Features
- Other
- Basement: Other
- Number of fireplaces: 1
Interior area
- Total structure area: 1,901
- Total interior livable area: 1,901 sqft
- Finished area above ground: 1,901
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One and One Half,Two
- Exterior features: Other
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,619 sqft
- Dimensions: 45 x 125
- Features: Other
Details
- Parcel number: 450833257024000004
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Gary
- Subdivision: Junedale Sub
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,Conventional
- Road surface type: None
Price history
| Date | Event | Price |
|---|---|---|
| 11/23/2025 | Listing removed | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/11/2025 | Price change | $2,000-1.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/2/2025 | Price change | $2,025-1.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/25/2025 | Price change | $2,050-2.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/11/2025 | Listed for rent | $2,100+68%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/30/2025 | Sold | $115,000-10.9%$60/sqft |
Source:  NIRA as distributed by MLS GRID #816391 Report a problem | ||
| 4/14/2025 | Contingent | $129,000$68/sqft |
Source: NIRA as distributed by MLS GRID #816391 Report a problem | ||
| 3/14/2025 | Price change | $129,000-7.2%$68/sqft |
Source: NIRA as distributed by MLS GRID #816391 Report a problem | ||
| 2/21/2025 | Listed for sale | $139,000+46.3%$73/sqft |
Source: NIRA as distributed by MLS GRID #816391 Report a problem | ||
| 1/22/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/16/2025 | Listed for rent | $1,250+31.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/4/2021 | Listing removed | -- |
Source: NIRA as distributed by MLS GRID #492593 Report a problem | ||
| 5/7/2021 | Listed for sale | $95,000+72.7%$50/sqft |
Source: NIRA as distributed by MLS GRID #492593 Report a problem | ||
| 4/18/2019 | Listing removed | $950 |
Source: Property Boss LLC Report a problem | ||
| 3/18/2019 | Listed for rent | $950-5% |
Source: Property Boss LLC Report a problem | ||
| 1/5/2019 | Listing removed | $1,000$1/sqft |
Source: Property Boss LLC Report a problem | ||
| 12/19/2018 | Listed for rent | $1,000$1/sqft |
Source: Property Boss LLC Report a problem | ||
| 6/1/2018 | Listing removed | $55,000$29/sqft |
Source: Premier Region Real Estate #432017 Report a problem | ||
| 4/5/2018 | Listed for sale | $55,000$29/sqft |
Source: Premier Region Real Estate #432017 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,145 +7% | $133,000 +55.6% |
| 2024 | $2,005 +1.5% | $85,500 +7.5% |
| 2023 | $1,975 +7.7% | $79,500 +3.1% |
| 2022 | $1,834 +5.5% | $77,100 +7.7% |
| 2021 | $1,740 +27.9% | $71,600 +5.4% |
| 2020 | $1,360 +102.3% | $67,900 -0.1% |
| 2019 | $672 -23.5% | $68,000 -9.9% |
| 2018 | $879 +60.5% | $75,500 -3.8% |
| 2017 | $547 | $78,500 -4% |
| 2016 | $547 -5.4% | $81,800 -4.6% |
| 2014 | $578 +2.4% | $85,700 +0.1% |
| 2013 | $565 -8.8% | $85,600 +1.3% |
| 2012 | $619 +653.9% | $84,500 +30.8% |
| 2011 | $82 | $64,600 +11.2% |
| 2010 | -- | $58,100 -27.8% |
| 2009 | -- | $80,500 +27.4% |
| 2007 | -- | $63,200 +28.5% |
| 2006 | -- | $49,200 |
| 2005 | -- | $49,200 -10.7% |
| 2004 | -- | $55,100 +69.5% |
| 2003 | -- | $32,500 |
| 2002 | -- | $32,500 +200.1% |
| 2001 | -- | $10,830 |
Find assessor info on the county website
Neighborhood: University Park
Nearby schools
GreatSchools rating
- 3/10Glen Park AcademyGrades: K-5Distance: 0.1 mi
- 4/10Bailly Preparatory AcademyGrades: 6-8Distance: 1 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 5.6 mi
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- Indiana
- Lake County
- Gary
- 46408
- University Park
- 512 W 49th Ave
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