3501 W 40th Ave, Gary, IN 46408
Property image
Property image
OFF MARKET

$336,300

Trulia Estimate
  • 8 Beds
  • 4 Baths
  • 4,711 sqft (on 0.38 acres)

3501 W 40th Ave, Gary, IN 46408

Ross
Refinance Your Home
Currently Off Market - Sold Nov 8, 2019 for $175,000

Home Value

Trulia Estimate
$336K
Since last month
Decreased$8K (-2.3%)
Since last year
Increased$800 (+0.2%)
Since last sale
Increased$163K (+92.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +106% in the last 10 years
MonthEstimated value
2026
August 2026$338K
August 2026$336K
July 2026$345K
June 2026$353K
May 2026$351K
April 2026$345K
March 2026$347K
February 2026$338K
January 2026$332K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4401 Taft St, Gary, IN
0.95
Multi-Family Home
$64,100
06/12/26
5
4
3,900
3521-23 W 47th Ave, Gary, IN
0.91
Multi-Family Home
$295,000
02/02/26
8
3
-
3044 W Ridge Rd, Gary, IN
0.33
Multi-Family Home
$135,000
12/30/25
4
2
-
3415 W 47th Ave, Gary, IN
0.91
Multi-Family Home
$238,000
06/23/26
4
2
-
3780 Jackson St, Gary, IN
1.90
Multi-Family Home
$250,000
11/12/25
8
4
-
3704 Adams St, Gary, IN
2.16
Multi-Family Home
$90,000
10/07/25
2
3
2,230
902 N Wood St, Griffith, IN
2.26
Multi-Family Home
$275,000
05/27/26
5
2
-
4468 Massachusetts St, Gary, IN
2.41
Multi-Family Home
$11,800
01/13/26
6
3
2,132
2923 W 61st Pl, Merrillville, IN
2.74
Multi-Family Home
$549,000
10/15/25
9
4
-
6016 W 41st Ave, Gary, IN
1.60
Multi-Family Home
$325,000
01/30/26
-
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3240 W 40th Ave, Gary, IN 46408
0.16
$247,100
6
2
2,050
Off Market
3230 W 40th Pl, Gary, IN 46408
0.17
$159,900
4
1
1,497
Off Market
3222 W 40th Pl, Gary, IN 46408
0.18
$256,900
5
2
1,670
Off Market
3740 W 41st Ave, Gary, IN 46408
0.18
$252,200
4
2
2,751
Off Market
3135 W 41st Ave, Gary, IN 46408
0.24
$239,700
4
3
2,160
Off Market
4002 Chase St, Gary, IN 46408
0.25
$151,200
3
1
1,192
Off Market
3125 W Ridge Rd, Gary, IN 46408
0.25
$159,500
3
1
1,698
Off Market
4108 Whitcomb St, Gary, IN 46408
0.28
$220,000
3
1
1,720
Off Market
3017 W 40th Pl, Gary, IN 46408
0.32
$41,000
3
1
572
Recently Sold
3965 Wright Cir, Gary, IN 46408
0.29
$180,600
3
1
1,120
Off Market
3959 Wright Cir, Gary, IN 46408
0.29
$223,600
2
2
2,632
Off Market
3044 W Ridge Rd, Gary, IN 46408
0.33
$135,000
4
2
-
Recently Sold

Local Information

  • Map ViewExplore the area around 3501 W 40th Ave.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1978
0.38 acre lot
4,711 sqft
$71/sqft
Garage

About this House

GREAT INVESTMENT OPPORTUNITY! This Large 2 Unit Property has a lot to offer. The Lower Level Unit has a full finished basement with a total of 5 Beds 2 Baths. The upper Level unit has 3 Beds 2 Baths. There is an attached garage and so many endless possibilities. The owner lived in the Lower Level unit and rented the upper level for $1,000 a Month!
3501 W 40th Ave, Gary, IN 46408 is a 8 bedroom, 4 bathroom, 4,711 sqft multi-family in Ross, built in 1978. It last sold for $175,000 on Nov 8, 2019. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $336,300, with a rent estimate of $1,273/month.

Home Details for 3501 W 40th Ave

Interior Features

Interior Details
BasementNumber of Rooms: 9
Levels, Entrance, & Accessibility
Stories: 2
Appliances & Utilities
DishwasherRefrigerator
Security
Security System

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
GarageParking: Carport, Garage Attached

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 0.38 acres

Price and Tax history

DateEventPrice
Nov 8, 2019
Source: NIRA as distributed by MLS GRID #462645
Sold
$175,000
Sep 22, 2019
Source: Agent Provided
Pending
$171,900
Sep 15, 2019
Source: Agent Provided
PriceChange
$171,900
Price decreased by 24%
Jul 31, 2019
Source: N/A
Listed For Sale
$227,000
Nov 1, 2017
Source: Agent Provided
ListingRemoved
$159,000

Market trends in Gary

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$139K
$14.26KMoM
Sale-to-List Price
98.9%
0.8%MoM
Price per sq ft
$97
$11MoM
Available listings
350
2MoM

Around this home

Neighborhood Overview

Ross
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Ross

At least 1 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say there's wildlife

  • 100 % Say it's walkable to grocery stores

  • 100 % Say car is needed

  • 100 % Say there are sidewalks

  • 100 % Say streets are well-lit

  • 100 % Say they plan to stay for at least 5 years

  • 100 % Say there's holiday spirit

  • 100 % Say yards are well-kept

  • 100 % Say it's quiet

  • 50 % Say there are community events

  • 50 % Say neighbors are friendly

  • 50 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.
  • Cwspgqcf5b
    "Pretty easy commute highways everywhere and state roads everywhere as well easy access to Chicago and other activities but can be sketchy "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 3501 W 40th Ave

  • What is 3501 W 40th Ave estimated to be worth?
    Trulia's estimated value for 3501 W 40th Ave in Gary, IN is $336,300.
  • What is the price history for 3501 W 40th Ave?
    3501 W 40th Ave in Gary, IN last sold for $175,000 in November 2019.
  • Is Gary a buyer's or seller's market?
    Gary is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Gary?
    The median sale price in Gary is $139K. That is up $14.26K from the prior month.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 3501 W 40th Ave

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