3540 W 40th Ave, Gary, IN 46408 Property Records

Lake County property record for 3540 W 40th Ave, Gary, IN 46408

Property Summary

Property Type	Single Family Home
Details	3 bd · 1 ba · 1,532 sqft · built 1967
Lot Size	0.398 acres (17,380 sqft)
Owner	Individual Name on File
Last Sale	$75,000 (May 2017)
Tax Bill	$945 (2024)
Deeds & Mortgages	May 2017 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`001-01-39-0532-0001`

Property Details

APN / Parcel Number

Primary APN	`001-01-39-0532-0001`
Alternative APNs	`45-08-30-251-031.000-001` `013905320001`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Plumbing Fixtures	5 Plumbing Fixtures
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,532 sqft Living Area
Basement Area	1,532 sqft

Exterior

Year Built	Built 1967
Effective Year Built	Effective 1975
Construction Type	Masonry / Concrete Block
Roof Material	Asphalt
Lot Area	17,380 sqft (0.398 acres)
Lot Dimensions	200 ft deep x 87 ft wide
Garage Type	Attached
Garage Area	525 sqft
Parking Spaces	2 Parking Spaces
Shed	1 Shed
Shed Area	130 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Sewer	Connected

Location & Zoning

Account Number	001-01-39-0532-0001
Old Parcel Number	013905320001
Street Address	3540 W 40TH AVE
City	GARY
State	IN
Zip	46408-1811
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOHMAN OAKS SECOND ADD. LOT 1
Legal Subdivision	LOHMAN OAKS SECOND ADD
Legal Lot Number	1
Jurisdiction	LAKE IN
Township / Civil Division	CALUMET
Census Block Group	2
Census Block	2004
Census Tract	41302

Owner

3540 W 40th Ave is owned and occupied by an individual who bought it in May 2017.

Source: Lake County records, as of March 18, 2026

Owner of Record	Individual Name on File
Mailing Address	3540 W 40TH AVE, GARY, IN 46408-1811
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 24, 2017 · Amount on File
Deed Sale	May 24, 2017 · Amount on File
Deed Document Number	2017 032109
Record Updated	Jun 8, 2026

May 2017: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LAKE IN
Recording Date	May 24, 2017
Property Address	3540 W 40TH AVE, GARY, IN 46408-1811
Document Number	0000032109
Map Reference	MB36 PG82
Instrument Date	May 13, 2017
Instrument	2017 032109
Transaction Type	Transfer
Record Updated	Dec 30, 2021
Title Company	COMMUNITY TITLE CO

Transaction

Tax	$0.00
Additional	Lis Pendens Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	00000

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants in Common
Address	3540 W 40TH AVE, GARY, IN 46408-1811

Mortgage

Document Number	0000032110
Date	May 24, 2017
Instrument	2017 032110

Lender

Name	NTFN INC
Type	Funding / Finance Company

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	181 Months
Due	Jun 1, 2032

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
Unified School District	Lake Ridge Schools (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$98,400 Land $17,200 Building $81,200	$98,400 Land $17,200 Building $81,200
2024	$945.00
2023		$88,400 (+8.47%) Land $18,400 Building $70,000	$88,400 (+8.47%) Land $18,400 Building $70,000
2022	$810.00	$81,500 Land $18,500 Building $63,000	$81,500 Land $18,500 Building $63,000

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

Flood

FEMA maps place 3540 W 40th Ave in Zone X, an area of minimal flood risk.

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	2 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

Wildfire risk around 3540 W 40th Ave is low, with less than a 0.01% annual chance of wildfire.

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

Wildfire Risk	Low lower than 98% of the US · lower than 85% of Indiana
Wildfire Likelihood	Under 0.01% 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 294 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
T-Mobile Fixed Wireless	100 / 20
AT&T DSL	100 / 20