$485,000 Price Analysis    ♡   Gary, IN 46403 2 bed 2 bath 1,433 SqFt ($338/SqFt) 7,100SqFt lot. Built 1924 Listed 2024-04-28, Taxes $2,047 | Ⓧ USDA Ineligible due to location near Gary |
Welcome 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 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 ths exceptional property! Explore the limitless possibilities this property has to offer!
Presented by Alan Harrell at
McCOLLY Real Estate.
Property MLS #802839 from NIRA
Great Room, Utility Room, Workshop, Media Room, Primary Bedroom, Other Room, Office, Kitchen
Primary Bedroom: 14.8 x 11.8
Primary Bedroom: 11.8
Primary Bedroom: 14.8
Primary Bedroom Sqft: 174.64
Other: 10.7 x 7.1
Other: 7.1
Other: 10.7
Other Sqft: 75.97
Utility Room: 19.4 x 8.3
Utility Room: 8.3
Utility Room: 19.4
Utility Room Sqft: 161.02
Other: 20.6 x 10.2
Other: 10.2
Other: 20.6
Other Sqft: 210.12
Other: 19.8 x 8.3
Other: 8.3
Other: 19.8
Other Sqft: 164.34
Workshop: 11.11 x 11.5
Workshop: 11.5
Workshop: 11.11
Workshop Sqft: 127.77
Other: 4.1 x 12.0
Other: 12
Other: 4.1
Other Sqft: 49.2
Basement Features: Apartment, Partially Finished, Walk-Out Access, Storage Space, Concrete, Interior Entry, Exterior Entry, Daylight, Bath/Stubbed, Block
Great Room Dimensions: 23.3 x 20.0
Media Room Dimensions: 9.7 x 9.5
Office/Study Room Dimensions: 21.3 x 10.8
Great Room Sqft: 466
Media Room Sqft: 92
Office/Study Room Sqft: 230
1/2 Bathrooms: 2
Recessed Lighting
Storage
Natural Woodwork
Built-in Features
Entrance Foyer
Eat-in Kitchen
Ceiling Fan(s)
Cathedral Ceiling(s)
Window Features: Blinds, Screens, Skylight(s), Insulated Windows
Laundry Features: In Basement, Washer Hookup, Sink
Heating Features: Forced Air
Number of Fireplaces: 1
Kitchen Sqft: 96
Private Entrance
Rain Gutters
Covered
Rear Porch
Front Porch
Deck
Fencing: Back Yard, Wood, Partial
Patio And Porch Features: Covered, Rear Porch, Front Porch, Deck
Road Surface Type: Asphalt
Lot Size Acres: 0.163
Lot Size Dimensions: Irregular, see legal descriptions
Lot Size Square Feet: 7100
Calculated Total Monthly Association Fees: 0
School District: Gary
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Lake
Directions: From Route 20 and Lake Street. Proceed North across train tracks. Turn Immediately onto 7th Ave. Proceed to property on your right.
Tax Year: 2022
Source Property Type: Residential
Source Neighborhood: Ridge Sub
Subdivision: Ridge Sub
Township: Calumet
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $71,700 + $8,200 $79,900 | $2,047 |
| 2020 | $69,400 + $8,200 $77,600 | $1,988 |
| 2019 | $69,400 + $8,200 $77,600 | $1,612 |
| 2018 | $69,400 + $8,200 $77,600 | $1,738 |
| 2017 | $51,500 + $8,200 $59,700 | $1,756 |
| 2017 | $70,300 + $8,200 $78,500 | $1,756 |
| 2016 | $51,800 + $8,900 $60,700 | $1,332 |
| 2015 | $50,900 + $8,900 $59,800 | $1,279 |
| 2013 | $48,900 + $8,900 $57,800 | $3,411 |
| 2012 | $48,400 + $8,900 $57,300 | $3,479 |
| 2011 | $42,600 + $8,900 $51,500 | $3,213 |
| 2010 | $42,600 + $8,900 $51,500 | $1,441 |
| 2008 | $44,000 + $9,300 $53,300 | $3,258 |
| 2008 | $45,700 + $9,300 $55,000 | $3,258 |
| 2005 | $41,000 + $9,000 $50,000 | $1,031 |
$485,000
NIRA
Year Built: 1924
Above Grade Finished Area: 1433
Levels: One
Property Age: 100
Property Attached: Yes
Property Condition: Updated/Remodeled
House Style: Bungalow
Total Area Sqft: 1433
Architectural Style: Bungalow
Sewer: Public Sewer
Cable Available
Sewer Connected
Water Connected
Natural Gas Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.