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    Property profile & analytics

    5137 Broadway, Unit 47 Gary, IN 46409-2708

    • Residential income homes
    • 6,264 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US31-0547801
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Glenda's Unisex Salon Inc / Beauty Salon

    Property Details for 5137 Broadway

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    6,264 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-08-34-351-008.000-004
    APU
    450834351008000004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3357
    Latitude
    41.525
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,160
    $24,300
    $107,200
    $131,500
    -
    $24,300
    $107,200
    $131,500

    Comparable in this City

    • Value Estimation by Request
      2,904 SF

      1630 34th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,904 SF
      1630 34th Ave, Gary, IN 46409
      View Details
    • Value Estimation
      $345,000
      2,904 SF

      1730-1736 34th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,904 SF
      1730-1736 34th Ave, Gary, IN 46409
      View Details
    • Value Estimation by Request
      1,980 SF

      4457 Broadway

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,980 SF
      4457 Broadway, Gary, IN 46409-2122
      View Details
    • Value Estimation
      $320,000
      4,500 SF

      4123 Broadway

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,500 SF
      4123 Broadway, Gary, IN 46409-1935
      View Details
    • Value Estimation
      $45,000
      4,924 SF

      4021 Broadway, Unit 23

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,924 SF
      4021 Broadway, Gary, IN 46409-1936
      View Details
    • Value Estimation
      $300,000
      2,904 SF

      1710-1716 34th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,904 SF
      1710-1716 34th Ave, Gary, IN 46409
      View Details

    Similar Nearby for Sale

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      0.24 Acres

      Prime Gary, IN Commercial Lot

      High-traffic location, owner financing possible.
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    • $40,000
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      Vacant Lot on Broadway

      Vacant lot in Gary, Indiana with high visibility.
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    • $45,000
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      Vacant Corner Lot in Gary

      High-visibility corner lot near Indiana University Northwest, ideal for development.
      138 E Ridge Rd, Gary, IN 46409
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    • $60,000
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      Gary Mixed-Use Investment Opportunity

      Two Buildings, Endless Potential, $60,000
      4105 Broadway, Gary, IN 46409
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    • Contact for pricing
      0.14 Acres

      Vacant Land Ready to Build

      Vacant lot near I-94, I-65, and Toll Road.
      5012 Georgia St, Gary, IN 46409
      View Details
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    5137 Broadway, Unit 47
    Gary, IN 46409-2708
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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
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