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    2306 W 5Th Ave, Unit 5 Gary, IN 46404

    For Lease
    $1,300 /Mo ($12 SF/Yr)

    Recently renovated three-bedroom apartment with modern appliances and convenient location.

    Property size:
    1,250 SF
    Lot size:
    1,250 SF

    Property Features for 2306 W 5Th Ave

    General Information

    Size
    1,250 SF

    Building Details

    Year built
    1952

    Source: KW ONEChicago Agent Kala Tillman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Three-Bedroom Apartment Near Beach

    This is a newly renovated three-bedroom, one-bath apartment located eight miles from Miller Beach. Commuting to Chicago is facilitated by four accessible routes to I-94, I-294, and the South Shore train. The toll road offers direct access to downtown Chicago in approximately 35 minutes. The apartment, with a size of 1250 square feet, features a secure entrance and brand-new stainless steel appliances, including a stove, microwave range, and refrigerator. Heat and hot water are included. On-site laundry facilities are available for residents.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3657795
    Latitude
    41.6021923

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    FAQs

    What type of property is this?
    Apartment building - Recently renovated three-bedroom apartment with modern appliances and convenient location.
    Where is this apartment building located?
    The property is located at 2306 W 5Th Ave, Unit 5 Gary, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated three-bedroom apartment.; - Convenient commute to Chicago via multiple routes (I-94, I-294, South Shore train, toll road).; - Located near Miller Beach (8 miles).
    Request Owner's contact information
    2306 W 5Th Ave, Unit 5 Gary, IN 46404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2306 W 5Th Ave, Unit 5 Gary, IN 46404
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