This home is a gem for investors with a masterful vision and resourcefulness to restore and gain maximum value. This apartment/ home is priced to sell quickly and move fast at only 50k. it's a steal. This multi family 6 bd home with 5 separate units. With over 9,000 sq ft , the lot can easily be made into a parking area or playground. With so many new developments and motivated renters moving from the expensive surrounding areas looking for cheaper alternatives, it's sure to occupy fast after rehab ,repairs and updates. Gary Indiana has been recently listed on roofstock.com as 2022 top trending areas and one of the fastest growing housing markets in the U.S. Quickly becoming a popular suburb of Chicago due it's affordable homes. If you're looking to establish equitable assets or increase your monthly income without having to get a second job to afford the rising cost of inflation ; the anticipation of long-term possibilities from the projected growth and economic redevelopment, makes this buy a no brainer. For the price of a new car, this generational wealth generator is an incredible addition to any buyers financial portfolio. This won't last long. Motivated Sellers. Only serious inquiries. CASH BUY ONLY. AS IS.
Sold for $4,694
$4,694
538 W 43rd Ave, Gary, IN 46408
6beds
4,640sqft
MultiFamily
Built in 1925
-- sqft lot
$-- Zestimate®
$1/sqft
$1,193 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,193/mo
Zestimate® history
Owner options
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$1,193/mo
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$1,193/mo
Rent Zestimate®
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$24/mo
Est. payment
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Est. payment
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List your homeWhat's special
Surrounding areas
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Other
Features
- Basement: Partially finished
- Has fireplace: Yes
- Fireplace features: masonry
Interior area
- Total interior livable area: 4,640 sqft
Property
Lot
- Size: 9,234 Square Feet
Details
- Parcel number: 450828407026000004
Construction
Type & style
- Home type: MultiFamily
Materials
- masonry
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1925
Community & HOA
Location
- Region: Gary
Financial & listing details
- Price per square foot: $1/sqft
- Tax assessed value: $34,100
- Annual tax amount: $2,187
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2025 | Sold | $4,694-91.6%$1/sqft |
Source: Public Record Report a problem | ||
| 6/29/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/15/2022 | Listed for sale | $56,000$12/sqft |
Source: Owner Report a problem | ||
| 4/13/2022 | Pending sale | $56,000$12/sqft |
Source: Owner Report a problem | ||
| 4/13/2022 | Listed for sale | $56,000$12/sqft |
Source: Owner Report a problem | ||
| 3/24/2022 | Pending sale | $56,000$12/sqft |
Source: Owner Report a problem | ||
| 3/23/2022 | Listed for sale | $56,000+6900%$12/sqft |
Source: Owner Report a problem | ||
| 6/10/2020 | Sold | $800+166.7% |
Source: Public Record Report a problem | ||
| 8/25/2014 | Sold | $300 |
Source: Public Record Report a problem | ||
| 4/1/2014 | Sold | $300 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,187 +7.6% | $34,100 -60.9% |
| 2024 | $2,032 +3.3% | $87,200 +8.2% |
| 2023 | $1,968 +7.6% | $80,600 +4.9% |
| 2022 | $1,829 -21.6% | $76,800 +7.6% |
| 2021 | $2,334 +28% | $71,400 -21.6% |
| 2020 | $1,824 -90.9% | $91,100 -0.1% |
| 2019 | $20,146 +28.2% | $91,200 -5.3% |
| 2018 | $15,712 +346.4% | $96,300 +1.6% |
| 2017 | $3,520 | $94,800 -42.5% |
| 2016 | $3,520 +74.9% | $164,900 -5.1% |
| 2014 | $2,013 +4.6% | $173,800 +0.6% |
| 2013 | $1,925 -0.7% | $172,700 +2.2% |
| 2012 | $1,937 -15% | $168,900 +24.8% |
| 2011 | $2,278 +4.1% | $135,300 +10.9% |
| 2010 | $2,189 | $122,000 -28.3% |
| 2009 | -- | $170,100 +27.2% |
| 2007 | -- | $133,700 +56% |
| 2006 | -- | $85,700 +3.4% |
| 2005 | -- | $82,900 |
Find assessor info on the county website
Neighborhood: University Park
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Nearby schools
GreatSchools rating
- 3/10Glen Park AcademyGrades: K-5Distance: 0.9 mi
- 3/10Bailly Preparatory AcademyGrades: 6-8Distance: 1.1 mi
- 2/10West Side Leadership AcademyGrades: 9-12Distance: 5 mi
- Indiana
- Lake County
- Gary
- 46408
- University Park
- 538 W 43rd Ave