5816 E 7th Avenue Gary, IN $ 485,000
5816 E 7th Avenue
$ 485,000
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5816 E 7th Avenue

Gary, IN, 46403
$ 485,000
Bedrooms2 Baths2.2 Sq 1,433

Monthly Estimate*

$ 3,388

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Single Family Home for sale in Gary, IN

for $485,000 with 2 bedrooms and 2 full baths, 2 half baths. This 1,433 square foot home was built in 1924 on a lot size of 0.163.

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 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!

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Single Family Active

Price

$ 485,000

Bedrooms

2

Full Bath

2

Half Bath

2

Property Type

Single Family

Taxes

$ 2,211

Style

Bungalow

Lot Size

0.163

Year Built

1924

Town/City

Gary

County/Region

Lake

MLS | Web ID

802839

Features
General
Interior Features Attic Stairway Built-in Features Cathedral Ceiling(s) Ceiling Fan(s) Eat-in Kitchen Entrance Foyer Natural Woodwork Recessed Lighting Storage
Sewer Public Sewer
Heating Forced Air
Utilities Cable Available Natural Gas Connected Sewer Connected Water Connected
Appliances Gas Water Heater
Exterior Features Lighting Private Entrance Rain Gutters
Garage Spaces 1
Patio/Porch Features Covered Deck Front Porch Rear Porch
Architectural Style Bungalow
Pool Features None
Security Features Security Lights Smoke Detector(s)
Year Built 1924
Electric 200+ Amp Service Three Phase Circuit Breakers
View Neighborhood Panoramic See Remarks
Township Calumet
Levels One
Property SubType Single Family Residence
Tax Year 2022
Community Features Curbs Restaurant Sidewalks Street Lights
County Lake
New Construction N
Property Type Residential
HOA / Comm Assn N
Subdivision Name Ridge Sub
Garage Y/N Y
Total Rooms 11
Status Active
Directions From Route 20 and Lake Street. Proceed North across train tracks. Turn Immediately onto 7th Ave. Proceed to property on your right.
City Gary
High School District Gary
Zoning Description Mixed Use
Lot Size Square Feet 7100.28
Waterfront Y/N N
Street Name 7th
Property Attached Y/N Y
Tax Annual Amount 2211
Property Condition Updated/Remodeled
Standard Status Active
Tax Assessed Value 86300
Legal Description RIDGE SUB. E. 50 FT. OF LOTS 22-23-24 BL.1
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Exterior
Fencing Back Yard Partial Wood
Parking Features Additional Parking Alley Access Asphalt Parking Lot
Lot Features Back Yard Front Yard Irregular Lot Level Near Public Transit Views
Water Source Public
Lot Dimensions Irregular see legal descriptions
Lot Size Acres 0.163
Road Surface Type Asphalt
Frontage Length 50
Lot Size Source Assessor
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Interior
Total Fireplaces 1
Fireplace Features Gas Gas Log
Window Features Blinds Insulated Windows Screens Skylight(s)
Fireplace Y/N Y
Above Grade Finished Area 1433
Full Baths 0
Half Baths 2
3/4 Baths 0
Street Suffix Avenue
Laundry Features In Basement Sink Washer Hookup
Total Bedrooms 2
Room Type Great Room Kitchen Media Room Office Other Room Primary Bedroom Utility Room Workshop
Total Baths 2
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* Excluded Features
List By
Alan Harrell

Listing Agent

Mccolly Real Estate

Broker

AlanHarrell@att.net

Email

Affordability Calculator

$3,572
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,388
Monthly Property Taxes
$184
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4001616 Elementary School
4001695 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2024$485,000 Listed Price

Map


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5816 E 7th Avenue, Gary, IN, 46403 is a Single Family Home for sale at $485,000 with 1,433 sqft and a lot size of 0.163. 5816 E 7th Avenue has 2 bedrooms, 2.2 baths, and was built in 1924. The property's zip code is 46403 which is in Gary, IN