940 E 49th Ave, Gary, IN 46409
Property image
Property image
OFF MARKET

940 E 49th Ave
Gary, IN 46409

University Park
  • 2 Beds
  • 1 Bath
  • 816 sqft

$73,500

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $514/mo*
Refinance Your Home

$73,500

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $514/mo*
Refinance Your Home
2 Beds
1 Bath
816 sqft

Home Value

Trulia Estimate
$73.5K
Since last month
Decreased$100 (-0.1%)
Since last year
Decreased$800 (-1.1%)
Since last sale
Increased$73K (+14,600%)
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 +316% in the last 10 years
MonthEstimated value
2026
August 2026$74K
July 2026$74K
June 2026$74K
May 2026$76K
April 2026$71K
March 2026$74K
February 2026$72K
January 2026$72K
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
1000 E 49th Ave, Gary, IN
0.01
Single-Family Home
$3,599
01/13/26
2
1
816
5085 Carolina St, Gary, IN
0.30
Single-Family Home
$500
04/07/26
2
1
656
4929 Maryland St, Gary, IN
0.29
Single-Family Home
$500
07/02/26
3
1
580
4614 Maryland St, Gary, IN
0.46
Single-Family Home
$500
01/14/26
2
1
750
5083 Carolina St, Gary, IN
0.29
Single-Family Home
$500
04/07/26
3
1
1,248
4617 Maryland St, Gary, IN
0.43
Single-Family Home
$500
04/14/26
3
1
760
5072 Pennsylvania St, Gary, IN
0.51
Single-Family Home
$887
07/02/26
2
1
806
1500 E 44th Pl, Gary, IN
0.64
Single-Family Home
$700
05/11/26
2
1
780
4800 Georgia St, Gary, IN
0.17
Single-Family Home
$7,000
04/27/26
2
1
960
4801 Kentucky St, Gary, IN
0.15
Single-Family Home
$25,600
01/07/26
2
1
960
Home facts updated by county records

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
1001 E 48th Pl, Gary, IN 46409
0.03
$171,100
4
2
1,145
Off Market
952 E 48th Pl, Gary, IN 46409
0.06
$153,100
3
2
1,440
Off Market
900 E 49th Ave, Gary, IN 46409
0.04
$257,500
4
2
2,180
Off Market
910 E 48th Pl, Gary, IN 46409
0.07
$78,100
2
1.5
1,058
Off Market
4821-29 Vermont Pl, Gary, IN 46409
0.09
$12,000
2
1
1,510
Recently Sold
901-1003 E 49th Ave, Gary, IN 46409
0.04
$75,000
-
-
-
For Sale
4920-24 Kentucky St, Gary, IN 46409
0.07
$174,600
6
2
-
Off Market
4801 Vermont Pl, Gary, IN 46409
0.11
-
3
1
1,820
Off Market
1138 E 49th Ave, Gary, IN 46409
0.11
$25,800
2
1
816
Off Market
4849 Georgia St, Gary, IN 46409
0.11
$177,000
3
2
1,468
Off Market
1146 E 49th Ave, Gary, IN 46409
0.12
$45,800
2
1
816
Off Market
4920 Rhode Island St, Gary, IN 46409
0.09
$137,900
3
1
902
Off Market

Local Information

  • Map ViewExplore the area around 940 E 49th Ave.
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Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1951
Living Area
816 sqft
Price/Sqft
$90
Parking
None

About this House

This single-family home is located at 940 E 49th Ave, Gary, IN. 940 E 49th Ave is in the University Park neighborhood in Gary, IN and in ZIP code 46409. This property has 2 bedrooms, 1 bathroom and approximately 816 sqft of floor space. This property has a lot size of 6882 sqft and was built in 1951.
940 E 49th Ave, Gary, IN 46409 is a 2 bedroom, 1 bathroom, 816 sqft single-family home in University Park, built in 1951. It last sold for $500 on Dec 3, 2018. More recently, it was listed as a rental in July 2024 with an asking price of $950 per month. That rental listing was removed on July 11, 2024. It is currently off market. The Trulia Estimate is $73,500, with a rent estimate of $1,426/month.

Home Details for 940 E 49th Ave

Interior Features

Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
Parking: None

Property Information

Year Built
Year Built: 1951
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 6882 sqft

Price and Tax history

DateEventPrice
Jul 11, 2024
Source: Zillow Rentals
ListingRemoved
Jul 9, 2024
Source: Zillow Rentals
Listed For Rent
$950
Jun 27, 2024
Source: Zillow Rentals
ListingRemoved
Jun 24, 2024
Source: Zillow Rentals
Listed For Rent
$950
Nov 19, 2022
Source: Zillow Rental Network Premium
ListingRemoved

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
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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

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Apartments for Rent

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Explore by feature - Pet Friendly

65 pet-friendly rentals in Gary, IN

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Homes for sale near 940 E 49th Ave

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Off Market Homes Near 940 E 49th Ave

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Frequently asked questions about 940 E 49th Ave

  • What is 940 E 49th Ave estimated to be worth?
    Trulia's estimated value for 940 E 49th Ave in Gary, IN is $73,500.
  • What is the price history for 940 E 49th Ave?
    940 E 49th Ave in Gary, IN last sold for $500 in December 2018.
  • 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.
  • How big is the lot at 940 E 49th Ave?
    The lot at 940 E 49th Ave in Gary, IN is about 0.16 acres (6,882 sq ft).