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$219,900
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Property Description
Great Cash flowing multi unit. The 3 units were recently renovated. Professionally managed and ready for a new owner. Two units are currently tenanted and one unit is being marketed. Subject to tenants rights.
Full Property Details
Full Property Details for 1220 W 41st Ave
General
- Price: $219,900
- Taxes: $2,581 (2024)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 840541
- Updated: 6/11/2026
- Added to Site: 8 day(s) ago
Interior
- Interior Features: Granite Counters
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Gas Range, Range Hood, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Garage Spaces: 2
- Parking Features: Alley Access, On Street
Location
- County: Lake
- Township: Calumet
- Subdivision: First Sub Oakington Park City Ga
- Driving Directions: Grant St to 41st and east to property.
Heating & Cooling
- Heating Type: Central
Structural Information
- Year Built: 1927
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,792
- Lot Features: Corner Lot
Financial Considerations
- Tax Amount: $2,581
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 1ST. SUB. OAKINGTON PARK W. 40 FT. OF W. 70 FT. L.5 BL.4
- Property ID: 450828159026000004
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Schools
Schools serving 1220 W 41st Ave
School District:Gary Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Glen Park Academy For Excel In Lrn 5002 Madison Street, Gary, IN 46408 | K-5 | 1.2 mi |
Mary M Bethune Early Child Development Center 2367 East 21st Avenue, Gary, IN 46407 | PK- | 3.3 mi |
Bailly Preparatory Academy 4621 Georgia Street, Gary, IN 46409 | 6-8 | 1.6 mi |
West Side Leadership Academy 9th & Gerry St, Gary, IN 46406 | 9-12 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1220 W 41st Ave
Date
Details
Price
Change
Source
6/11/2026
Listed
$219,900
50.36%
MLS
8/30/2021
Sold
$146,250
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1220 W 41st Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,555
—
$131,600
28%
2024
$1,555
-69%
$102,900
79%
2023
$5,070
306%
$57,500
18%
2022
$1,250
-64%
$48,800
15%
2020
$3,489
246%
$42,500
7%
2019
$1,009
—
$39,600
-12%
2019
$1,009
-11%
$45,200
-6%
2018
$1,130
-3%
$48,300
-1%
2017
$1,164
—
$49,000
-4%
2017
$1,164
-3%
$51,100
-4%
2016
$1,194
6%
$53,400
-1%
2015
$1,126
-64%
$53,700
2%
2013
$3,105
-2%
$52,600
1%
2012
$3,176
—
$52,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1220 W 41st Ave
1220 W 41st Avenue, Gary, IN 46408 (MLS# 840541) is a Multi-Family property with units containing 4 bedrooms and 3 full bathrooms. 1220 W 41st Avenue is currently listed for $219,900 and was received on June 11, 2026. Want to learn more about 1220 W 41st Avenue? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

