1240 W 49th Ave, Gary, IN 46408 Property Records

Lake County property record for 1240 W 49th Ave, Gary, IN 46408

Property Summary

Property Type	Commercial
Details	4,636 sqft · built 1972
Lot Size	0.391 acres (17,032 sqft)
Owner	Individual Name on Record
Tax Bill	$2,538 (2024)
Deeds & Mortgages	Sep 2026 Mortgage Aug 2026 Transfer + 2 more
Flood Zone	Zone X (minimal risk)
APN	`001-01-39-0185-0014`

Property Details

APN / Parcel Number

Primary APN	`001-01-39-0185-0014`
Alternative APNs	`45-08-33-158-007.000-001` `013901850014`

Interior

Units	4 Units
Stories	1 Story
Building Area	4,636 sqft Gross Area
1st Floor Area	4,636 sqft

Exterior

Year Built	Built 1972
Effective Year Built	Effective 1972
Exterior Material	Brick
Construction Type	Brick
Lot Area	17,032 sqft (0.391 acres)
Garage Area	4,636 sqft
Shed	1 Shed
Shed Area	96 sqft

Utilities, Heating & Cooling

Heating Fuel	Gas
Sewer	Municipal
Water Source	Commercial

Location & Zoning

Street Address	1240 W 49TH AVE
City	GARY
State	IN
Zip	46408-4475
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	HYDE PARK ADD LOTS 14, 15 & 16 BL.5 & S1/2 VAC ALLEY ADJ.
Legal Subdivision	HYDE PARK ADD
Legal Block	5
Legal Lot Number	14,15
Jurisdiction	LAKE IN
Township / Civil Division	CALUMET
Census Block Group	1
Census Block	1013
Census Tract	41500

Owner

Source: Lake County records, as of September 11, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on Record
Mailing Address	2351 W 20TH AVE, GARY, IN 46404-3012
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Sep 1, 2026	Deed of Trust, Mortgage · Conventional Mortgage PEOPLES BANK
Aug 20, 2026	Quit Claim Deed, Transfer NONE LISTED ON DOCUMENT
Feb 7, 2023	Intrafamily Transfer, Transfer
Jun 22, 2017	Grant Deed, Foreclosure GREATER INDIANA TITLE COMPANY, GREATER INDIANA TITLE CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 22, 2017
Deed Sale	Jun 22, 2017
Deed Document Number	201738103
Last Transfer Date	Jan 30, 2023
Transfer Doc	0000004902
Record Updated	Oct 29, 2026

September 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE IN
Recording Date	Sep 1, 2026
Property Address	1240 W 49TH AVE, GARY, IN 46408-4475
Document Number	0000537351
Instrument Date	Aug 31, 2026
Instrument	2026537351
Transaction Type	Mortgage
Record Updated	Sep 11, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2351 W 20TH AVE, GARY, IN 46404-3012

Mortgage

Document Number	0000537351,
Date	Sep 1, 2026
Instrument	2026537351

Lender

Name	PEOPLES BANK

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

August 2026: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	LAKE IN
Recording Date	Aug 20, 2026
Property Address	1240 W 49TH AVE, GARY, IN 46408-4475
Document Number	0000019210
Instrument Date	Aug 19, 2026
Instrument	202619210
Transaction Type	Transfer
Record Updated	Aug 27, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2351 W 20TH AVE, GARY, IN 46404-3012

February 2023: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	LAKE IN
Recording Date	Feb 7, 2023
Property Address	1240 W 49TH AVE, GARY, IN 46408-4475
Document Number	0000004902
Map Reference	MB 21 PG 35
Instrument Date	Jan 30, 2023
Instrument	2023-004902
Transaction Type	Transfer
Record Updated	Mar 19, 2026

Transaction

Tax	$0.00
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	2351 W 20TH AVE, GARY, IN 46404-3012

June 2017: Grant Deed, Foreclosure

Document Type	Grant Deed
Jurisdiction	LAKE IN
Recording Date	Jun 22, 2017
Property Address	1240 W 49TH AVE, GARY, IN 46408-4475
Document Number	0000038103
Instrument Date	Jun 8, 2017
Instrument	38103
Transaction Type	Foreclosure
Record Updated	Jul 4, 2017
Title Company	GREATER INDIANA TITLE COMPANY, GREATER INDIANA TITLE CO

Transaction

Tax	$0.00

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2351 W 20TH AVE GARY IN 464043012, GARY, IN 46404-3012

Tax Assessment & Valuation

Source: Lake County assessment roll, as of December 29, 2025

Property Jurisdictions

Type	Name
State	Indiana
County	Lake County
County Subdivision	Calumet Township
Unified School District	Lake Ridge Schools (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$122,600 (+6.61%) Land $18,700 Building $103,900	$122,600 (+6.61%) Land $18,700 Building $103,900
2024	$2,538.00 (+6.82%)
2023		$115,000 (-3.2%) Land $18,700 Building $96,300	$115,000 (-3.2%) Land $18,700 Building $96,300
2022	$2,376.00	$118,800 Land $18,700 Building $100,100	$118,800 Land $18,700 Building $100,100

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective October 16, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 10 (0% premium discount)
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 94% of the US · above 40% of Indiana
Wildfire Likelihood	0.03% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	INDIANA AMERICAN WATER - NORTHWEST private · serves 210,510 people · EPA ID IN5245015
Water Source	Surface water
Last State Inspection	Jun 2025
Lead	3 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 310 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
AT&T DSL · Fiber in parts of the area	100 / 20

May also be available: T-Mobile.

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