406 E 41st Ave, Gary, IN 46409
Property image
Property image
OFF MARKET

406 E 41st Ave
Gary, IN 46409

University Park
  • 8 Beds
  • 4 Baths
  • 4,000 sqft

$202,800

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $1,283/mo*
Refinance Your Home

$202,800

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $1,283/mo*
Refinance Your Home
8 Beds
4 Baths
4,000 sqft

Home Value

Trulia Estimate
$203K
Since last month
Increased$5K (+2.6%)
Since last year
Increased$27K (+15.3%)
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 +120% in the last 10 years
MonthEstimated value
2026
August 2026$203K
July 2026$198K
June 2026$199K
May 2026$202K
April 2026$198K
March 2026$201K
February 2026$211K
2025
2024
2023
2022

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
224 E Ridge Rd, Gary, IN
0.44
Multi-Family Home
$17,500
12/01/25
5
3
2,288
4468 Massachusetts St, Gary, IN
0.52
Multi-Family Home
$11,800
01/13/26
6
3
2,132
220 E Ridge Rd, Gary, IN
0.44
Multi-Family Home
$500
01/07/26
2
3
3,330
4123 Washington St, Gary, IN
0.31
Multi-Family Home
$500
06/09/26
2
2
1,356
3704 Adams St, Gary, IN
0.64
Multi-Family Home
$90,000
10/07/25
2
3
2,230
3780 Jackson St, Gary, IN
0.77
Multi-Family Home
$250,000
11/12/25
8
4
-
4206 Massachusetts St, Gary, IN
0.26
Multi-Family Home
$18,400
12/03/25
2
1
588
3935 Jefferson St, Gary, IN
0.48
Multi-Family Home
$9,000
12/01/25
4
1
528
3915 Madison St, Gary, IN
0.55
Multi-Family Home
$20,000
01/07/26
4
2
-
4023 Monroe St, Gary, IN
0.57
Multi-Family Home
$500
04/07/26
2
1
672

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
400 E 41st Ave, Gary, IN 46409
0.01
$60,000
Studio
-
-
For Sale
305 E 41st Ave, Gary, IN 46409
0.06
$89,000
3
1
1,602
For Sale
4127 Pennsylvania St, Gary, IN 46409
0.07
$107,000
4
2
1,700
Recently Sold
4021 Maryland St, Gary, IN 46409
0.11
$68,500
2
1
1,344
Recently Sold
4021 E Maryland St, Gary, IN 46409
0.11
-
2
1
672
Off Market
4019 Pennsylvania St, Gary, IN 46409
0.11
$36,500
2
-
856
Recently Sold
3995 Maryland St, Gary, IN 46409
0.14
$84,000
2
1
964
Off Market
4002 Pennsylvania St, Gary, IN 46409
0.14
$50,000
2
1
846
Recently Sold
4001 Virginia St, Gary, IN 46409
0.17
$148,300
2
1
760
Off Market
3965 Delaware St, Gary, IN 46409
0.15
-
2
1
690
Off Market
4217 Maryland St, Gary, IN 46409
0.18
$49,900
2
1
864
Recently Sold
3956 Maryland St, Gary, IN 46409
0.17
$100,100
2
1
866
Off Market

Local Information

  • Map ViewExplore the area around 406 E 41st Ave.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1939
Living Area
4,000 sqft
Price/Sqft
$51

About this House

All brick 4-unit income property. Two units are tenant occupied while the other two are vacant. Sold in As Is condition; Survey and termite inspection will not be provided by seller; 100% tax proration
406 E 41st Ave, Gary, IN 46409 is a 8 bedroom, 4 bathroom, 4,000 sqft multi-family in University Park, built in 1939. More recently, it was listed as a rental in April 2020 with an asking price of $850 per month. That rental listing was removed on May 25, 2020. It is currently off market. The Trulia Estimate is $202,800, with a rent estimate of $1,253/month.

Home Details for 406 E 41st Ave

Property Information

Year Built
Year Built: 1939
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 3049 sqft

Price and Tax history

DateEventPrice
Apr 15, 2022
Source: RE/MAX International
ListingRemoved
Mar 22, 2022
Source: NIRA as distributed by MLS GRID #509044
PriceChange
$95,500
Price decreased by 10%
Mar 16, 2022
Source: NIRA as distributed by MLS GRID #509044
Listed For Sale
$105,900
May 25, 2020
Source: Agent Provided
ListingRemoved
$850
Apr 24, 2020
Source: Agent Provided
Listed For Rent
$850

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

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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

What Locals Say about University Park

At least 109 Trulia users voted on each feature.

  • 90 % Say car is needed

  • 88 % Say yards are well-kept

  • 81 % Say there are sidewalks

  • 79 % Say parking is easy

  • 62 % Say there's holiday spirit

  • 57 % Say it's dog friendly

  • 57 % Say kids play outside

  • 53 % Say there's wildlife

  • 48 % Say they plan to stay for at least 5 years

  • 43 % Say neighbors are friendly

  • 43 % Say it's quiet

  • 28 % Say it's walkable to restaurants

  • 28 % Say streets are well-lit

  • 28 % Say there are community events

  • 25 % Say it's walkable to grocery stores

  • 22 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Ryleasha Coleman
    "Nothing we don’t have any community events around here the you hear is sirens Loud music no kids playing "
    0
    Flag
  • Joci
    "I just moved here and already want to move back to another part of lake county that feels more safe and like home."
    21
    Flag
  • ernest d eskridge
    "The neighborhood is wonderful there is nothing bad about this neighborhood whatsoever so ever the people are friendly "
    3
    Flag
  • Trulia User
    "the abandoned homes make the neighborhood unique. I work in the area and meet interesting people. most people seem nice. "
    10
    Flag
  • Trulia User
    "Yes they would. Lots of parks and space for owners to walk their dogs. There is even a walking trail near by."
    1
    Flag
  • Trulia User
    "It’s quiet and peaceful. I love my neighbors and the sense of community. I would recommend this community to anyone looking for a good place to raise your family."
    26
    Flag
  • Trulia User
    "Neighborhood is still in depression state from years of families moving out and leaving their homes. But the area is on the up and up with neighbors taking pride in their land and beautifying their lands. I have been here two years and enjoy it."
    0
    Flag
  • Antoinette722
    "It is important that parents feel comfort moving into the home, your kids are safe, and it’s in the district of great area for children can play. "
    10
    Flag
  • Lynceta G.
    "there's none unless you create for your family and friends. Election years politicians seeking office holds events and community meetings. l like it to be none intrusive."
    5
    Flag
  • Monopoltizeent
    "Not a area that needs to be gentrified, we good with the way it is middle class urban community that dont want any change unless it benefits us that have lived here for years"
    7
    Flag
  • Tamera W.
    "There are new businesses opening. I see homes that need tax and they would have great potential for new home owners. Most homes are very well kept and the neighbors are friendly "
    8
    Flag
  • Emerson
    "It was ok. I think the neighbors didn't like me because i had two pit bull dogs, and one got out of the yard without my knowing. When i found out i retrieved him immediately, but i still sensed that the neighbors viewed me with disdain."
    108
    Flag
  • Brandy K.
    "Somewhat easy on the week day, and on the weekend easy breezy. Love the area but would like to be somewhere way different "
    6
    Flag
  • Cullen B.
    "Lived here 10 year and it’s not the worries and can stand to be a lot better but it’s not that bad either. "
    2
    Flag
  • Michaelmimssr95
    "nothing about this place is unique gary needs work it's every where to many abandoned house some places you rent from be having mold problems "
    4
    Flag
  • Michaelmimssr95
    "it's not gary needs alot of work to many abandoned houses and it need cleaning alot of trash every where you go and renting house of here is not good these landlord don't do nothing and it's to many schools closed down."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 406 E 41st Ave

  • What is 406 E 41st Ave estimated to be worth?
    Trulia's estimated value for 406 E 41st Ave in Gary, IN is $202,800.
  • 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.
  • What do residents say about the University Park neighborhood?
    Residents describe the University Park neighborhood in Gary, IN as well-kept, pedestrian-friendly, and easy to park in. See recently sold homes in University Park, Gary.

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