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7613 Oak Avenue, Gary, IN 46403
$380,000
7613 Oak Avenue, Gary, IN 46403View this property at 7613 Oak Avenue, Gary, IN 46403
7613 Oak AvenueGaryIN46403
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Property Description
Rare Investment Opportunity: 3-Unit Property Across from Lake Michigan in Miller BeachDiscover a unique investment opportunity with this 3-unit property situated directly across the street from the pristine shores of Lake Michigan in the sought-after Miller Beach neighborhood. This versatile property offers the perfect blend of residential comfort and income-generating potential.Property Overview:Top Floor Penthouse Unit:Layout: 1 bedroomFeatures: Private deck with stunning lake viewsCurrent Rent: $1150 per month, leased until 9/30/24Second Floor Unit:Layout: 1 bedroom with a sunroom, enclosed porch Features: Private back deck with views of the lakeCurrent Use: $1150 per month, leased until 4/30/25Ground Level Unit:Layout: 2 bedroomsCurrent Use: $895, per month, leased until 7/31/24Amenities:Each unit offers its own designated outdoor space, providing tenants with personal areas to relax and enjoy the beautiful surroundings.A common laundry area is available for all tenants.The property provides 2 tandem parking spaces for each unitLocation Highlights:Proximity to Lake Michigan: Enjoy immediate access to the lake, perfect for beach activities, water sports. Just steps away! Miller Beach offers a vibrant community with diverse dining, shopping, and cultural experiences, including the nearby historic Marquette Park and the Tuskegee Air Museum.Convenience: Easy access to transportation options Via the South Shore Train, 80/94, I-65, and the Indiana Tollway.This property is ideal for investors looking to capitalize on the thriving vacation rental market while providing long-term rental options. Don't miss this chance to own a prime piece of real estate in one of Miller Beach's most desirable locations. Seize this rare opportunity to elevate your investment portfolio and enjoy the benefits of lakeside living. Miller Beach, Unparalleled in it offerings! Make it your today!
Full Property Details
Full Property Details for 7613 Oak Ave
General
- Price: $380,000
- Taxes: $7,339 (2023)
- Status: Under Contract
- Type: Multi-Family
- MLS ID: 803924
- Updated: 5/18/2024
- Added to Site: 16 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Ceiling Fan(s), Open Floorplan, High Speed Internet, Laminate Counters, Eat-in Kitchen
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Dryer, Refrigerator, Washer, Stainless Steel Appliance(s), Oven, Microwave, Gas Water Heater, Gas Range, Free-Standing Refrigerator, Free-Standing Gas Range
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Balcony, Uncovered Courtyard, Rain Gutters, Lighting, Garden
Parking
- Parking Features: Common, Tandem, Unassigned, Off Street, On Site
Location
- County: Lake
- Township: Calumet
- Subdivision: Norcotts Add
- Driving Directions: From Route 12 or Route 20 and County Line road, proceed North on County Line Road to Oak Ave. Turn left ( west ) on Oak Ave to address on left.
School Information
- High School District: Gary
Community
- Pets Allowed: Yes
Heating & Cooling
- Heating Type: Common, Steam, Radiant, Hot Water
Structural Information
- Year Built: 1922
Lot Features
- Lot Size (Acres): 0.075
- Lot Size (Sq. Ft.): 3,267
- Lot Dimensions: 26 x 125
- Lot Features: Back Yard, Views, Near Public Transit, Level, Few Trees
- Zoning: Residential
Financial Considerations
- Tax Amount: $7,339
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
- Legal Description: NORCOTTS ADD. INDIANA CITY ALL L.21 BL.22 AND W. 1 FT. OF L.20 BL.22
- Property ID: 45-05-32-228-004.000-004
Listed by McColly Real Estate
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Schools
Schools serving 7613 Oak Ave
School District:Gary Community School Corporation
Rating | Name | Grades | Distance |
---|---|---|---|
Jacques Marquette Elementary School
6401 Hemlock Ave, Gary, IN 46403 | K-5 | 1 mi | |
2100 Union St, Lake Station, IN 46405 | K-5 | 2.8 mi | |
2900 Lake St, Lake Station, IN 46405 | K-5 | 3.9 mi | |
301 N Parke St, Gary, IN 46403 | 6-8 | 0.7 mi | |
5384 Stone Ave, Portage, IN 46368 | 6-8 | 4.2 mi | |
3300 Indiana St, Hobart, IN 46342 | 6-8 | 4.6 mi | |
Gary Career Center
1800 E 35th Ave, Gary, IN 46409 | 9-12 | 5.7 mi | |
Marting Luther King School Alternative
1800 E 35th Ave, Gary, IN 46409 | 9-12 | 5.7 mi | |
2211 E 10th St, Hobart, IN 46342 | 9-12 | 6.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7613 Oak Ave
Date
Details
Price
Change
Source
5/18/2024
Listed
$380,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7613 Oak Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,732
—
$234,800
27%
2022
$4,732
-67%
$184,400
9%
2020
$14,265
341%
$169,800
5%
2019
$3,234
—
$161,900
2%
2019
$3,234
12%
$158,300
19%
2018
$2,881
-3%
$132,600
-1%
2017
$2,969
—
$134,200
-11%
2017
$2,969
-25%
$150,000
4%
2016
$3,957
7%
$143,600
-7%
2015
$3,694
-58%
$155,200
5%
2013
$8,730
-6%
$147,900
-4%
2012
$9,334
—
$153,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7613 Oak Ave
7613 Oak Avenue, Gary, IN 46403 (MLS# 803924) is a Multi-Family property with units containing 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 7613 Oak Avenue is currently listed for $380,000 and was received on May 18, 2024. Want to learn more about 7613 Oak Avenue? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.