3240 W 5th Ave, Gary, IN 46406 Property Records

Lake County property record for 3240 W 5th Ave, Gary, IN 46406

Property Summary

Property Type	General Industrial
Details	3,000 sqft · built 1973
Lot Size	0.273 acres (11,892 sqft)
Owner	Company Name on Record
Tax Bill	$2,483 (2024)
Deeds & Mortgages	May 2018 Mortgage Jan 2018 Loan Modification + 2 more
Flood Zone	Zone X (minimal risk)
APN	`001-25-40-0032-0061`

Property Details

APN / Parcel Number

Primary APN	`001-25-40-0032-0061`
Alternative APNs	`45-08-06-426-009.000-004` `254000320061`

Interior

Stories	1 Story
Building Area	3,000 sqft Total Area

Exterior

Year Built	Built 1973
Exterior Material	Concrete Block/Stucco
Construction Type	Wood
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	11,892 sqft (0.273 acres)
Fence	Fence

Utilities, Heating & Cooling

Sewer	Connected

Location & Zoning

Account Number	001-25-40-0032-0061
Old Parcel Number	254000320061
Street Address	3240 W 5TH AVE
City	GARY
State	IN
Zip	46406-1724
Property Category	Industrial
Property Type	Industrial > General Industrial
Legal Description	E. 95.12FT. OF W. 2007.30FT. OF 125FT. STRIP ADJ. N. LINE 5TH AVE E1/2 S.6 T.36 R.8 S.6FT. IN U.S.20 & S.1/2 OF VAC. ADJ. PUB
Legal Range	08
Legal Township	36
Legal Section	06
Legal Subdivision	GARY LAND CO
Legal Lot Number	1
Jurisdiction	LAKE IN
Township / Civil Division	CALUMET
Census Block Group	3
Census Block	3029
Census Tract	10203

Owner

Source: Lake County records, as of March 18, 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 Record
Mailing Address	3240 W 5TH AVE, GARY, IN 46406-1724
Occupancy	Owner Occupied
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
May 1, 2018	Warranty Deed, Transfer 1ST SOURCE BANK
Jan 5, 2018	Loan Modification, Mortgage MB FIN'L BK
Jun 9, 2017	Loan Modification, Mortgage MB FIN'L BK
Jun 16, 2017	Grant Deed, Mortgage · Line of Credit MB FIN'L BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 1, 2018
Deed Sale	May 1, 2018
Deed Document Number	2018 026667
Record Updated	Jun 8, 2026

May 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LAKE IN
Recording Date	May 1, 2018
Property Address	3240 W 5TH AVE, GARY, IN 46406-1724
Document Number	0000026667
Instrument Date	Apr 23, 2018
Instrument	2018 026667
Transaction Type	Transfer
Record Updated	Aug 8, 2022

Transaction

Tax	$0.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name
Address	00000

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3240 W 5TH AVE, GARY, IN 46406-1724
Investor	Possibly a Property Investor

Mortgage

Document Number	0000026671
Date	May 1, 2018
Instrument	2018 026671

Lender

Name	1ST SOURCE BANK
Type	Bank

Agreement

Amount	Amount Recorded

Mortgage

Document Number	0000026668
Date	May 1, 2018
Instrument	2018 026668

Lender

Name	1ST SOURCE BANK
Type	Bank
Address	SOUTH BEND, IN 46634

Agreement

Amount	Amount Recorded

January 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	LAKE IN
Property Address	3240 W 5TH AVE, GARY, IN 46406-1724
Document Number	0000008948
Instrument Date	Jan 5, 2018
Transaction Type	Mortgage
Record Updated	Apr 4, 2018

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	3240 W 5TH AVE GARY IN 464061724, GARY, IN 46406-1724

Mortgage

Document Number	0000008948
Date	Feb 7, 2018
Instrument	8948

Lender

Name	MB FIN'L BK
Type	Bank
Address	6111 N RIVER RD, ROSEMONT, IL 60018-5158

Agreement

Amount	Amount Recorded

June 2017: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	LAKE IN
Property Address	3240 W 5TH AVE, GARY, IN 46406-1724
Document Number	0000040913
Instrument Date	Jun 9, 2017
Transaction Type	Mortgage
Record Updated	Jan 10, 2019
Title Company	NOT AVAILABLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	3240 W 5TH AVE GARY IN 464061724, GARY, IN 46406-1724

Mortgage

Document Number	0000040913
Date	Jun 30, 2017
Instrument	40913

Lender

Name	MB FIN'L BK
Type	Bank
Address	ROSEMONT, IL 60018

Agreement

Amount	Amount Recorded
Term	240 Months
Due	Jun 29, 2037

June 2017: Grant Deed, Mortgage

Document Type	Grant Deed
Jurisdiction	LAKE IN
Recording Date	Jun 16, 2017
Property Address	3240 W 5TH AVE, GARY, IN 46406-1724
Instrument Date	Jun 1, 2017
Instrument	36842
Transaction Type	Mortgage
Record Updated	Jun 27, 2017
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

Tax	$0.00
Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	3240 W 5TH AVE GARY IN 464061724, GARY, IN 46406-1724

Mortgage

Document Number	0000036842
Date	Jun 16, 2017
Instrument	36842

Lender

Name	MB FIN'L BK
Type	Bank
Address	6111 N RIVER RD, ROSEMONT, IL 60018-5158

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	Jun 15, 2037

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Lake County assessment roll, as of July 1, 2025

Property Jurisdictions

Type	Name
State	Indiana
County	Lake County
County Subdivision	Calumet Township
Municipality	Gary City
Unified School District	Gary Community School Corporation (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$60,700 (+3.58%) Land $9,500 Building $51,200	$60,700 (+3.58%) Land $9,500 Building $51,200
2024	$2,483.00 (+15.43%)
2023		$58,600 (-2.98%) Land $9,500 Building $49,100	$58,600 (-2.98%) Land $9,500 Building $49,100
2022	$2,151.00	$60,400 Land $9,500 Building $50,900	$60,400 Land $9,500 Building $50,900

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
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	Not rated no burnable land within ember reach

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 157 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20
Starlink Satellite	280 / 30

May also be available: AT&T, T-Mobile.

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