1240 W 52nd Dr, Gary (Merrillville), IN 46410 Property Records

Lake County property record for 1240 W 52nd Dr, Gary, IN 46410 · Last verified July 2026

Property Highlights

Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Year Built	Built 1983
Square Footage	125,160 sqft Living Area
Lot Size	259,182 sqft (5.95 acres)
Last Sale	$32,900,000 (2025)
Tax Bill	$53,370.00 (2024)

Owner

Source: Lake County records · APN 001-38-39-0031-0005

Assessment roll updated December 29, 2025 · Last verified July 2026

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

Owner of Record	Company Name on File
Mailing Address	1240 W 52ND DR, MERRILLVILLE, IN 46410-1209
Owner Type	Owner is a Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Sep 03, 2025 · Amount on Record
Deed Sale	Sep 03, 2025 · Amount on Record
Prior Sale	Mar 01, 2017
Deed Doc Number	2025533439
Prior Transfer Date	Jul 30, 2015
Prior Transfer Doc	0000054936
Record Refreshed	Sep 20, 2026

March 2017: Trustee's Deed, Transfer

Document Type	Trustee's Deed
Jurisdiction	LAKE IN
Recording Date	Mar 01, 2017
Property Address	1240 W 52ND DR, GARY, IN 46410-1209
Document Number	0000012888
Instrument Date	Feb 10, 2017
Instrument	12888
Transaction Type	Transfer
Record Updated	Dec 09, 2019
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

Tax	$0.00
Additional	Arms Length Transaction Multiple parcels conveyed, unknown impact to APN

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	806 GREENWOOD ST EVANSTON IL 602014312, EVANSTON, IL 60201-4312

Mortgage

Document Number	12889
Date	Mar 01, 2017
Instrument	12889

Lender

Name	LADDER CAP FIN
Type	Funding / Finance Company
Address	WILMINGTON, DE

Agreement

Amount	Amount Recorded

Tax Assessment & Valuation

Source: Lake County records · Assessment roll updated December 29, 2025 · Last verified July 2026

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

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$2,360,100 (-11.26%) Land $193,400 Building $2,166,700	$2,360,100 (-11.26%) Land $193,400 Building $2,166,700
2024	$53,370.00 (-3.25%)
2023		$2,659,500 (-3.57%) Land $193,400 Building $2,466,100	$2,659,500 (-3.57%) Land $193,400 Building $2,466,100
2022	$55,160.00	$2,758,000 Land $193,400 Building $2,564,600	$2,758,000 Land $193,400 Building $2,564,600

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Lake County (18089C), updated October 16, 2024 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified: October 2026

Flood

FEMA Flood Zone	Zone X
Flood Hazard	Minimal
500-Year Floodplain	No
Special Flood Hazard Area	No

Wildfire

Wildfire Risk	Low above 5% of the US · above 32% of Indiana
Wildfire Likelihood	About 1 in 5,882 per year
Exposure	Direct burnable vegetation at the parcel

Values are read at the parcel center point; lenders make the official flood determination.

Property Details

APN / Parcel Number

Primary APN	`001-38-39-0031-0005`
Alternative APNs	`45-08-33-376-005.000-002` `383900310005`

Interior

Units	33 Units
Building Area	125,160 sqft Living Area
1st Floor	62,580 sqft 1st Floor
Stories	1 Stories

Exterior

Year Built	Built 1975
Effective Year Built	Effective 1983
Exterior Material	Brick Exterior
Construction Type	Brick Construction
Lot Area	259,182 sqft (5.95 acres)
Total Buildings	4 Total Buildings
Patio Area	128 sqft Patio

Utilities and HVAC

Heating Fuel	Gas Heating Fuel
Sewage	Municipal Sewage
Water Source	Commercial Water Source

Location & Zoning

Street Address	1240 W 52ND DR
City	MERRILLVILLE
State	IN
Zip	46410-1209
Property Usage	Residential Property Usage
Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	PT S 1/2 SE SW LYG S. OF R.R. 6.213AC
Legal Lot Number	1
Jurisdiction	LAKE IN
Minor Civil Division	CALUMET
Census Blockgroup	1
Census Block	1021
Census Tract	41500