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    Property profile & analytics

    672 Connecticut St, Unit 76 Gary, IN 46402-2556

    • Residential income homes
    • 7,695 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US31-0437820
    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

    • Residential income homes

    Property Details for 672 Connecticut St

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    7,695 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    45-08-03-307-015.000-004
    APU
    450803307015000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $160,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $165,000
      Mixed-Use
      $205,000
      Hospitality
      $165,000
      Educational
      $185,000
      Residential Income
      $165,000
      Energy
      $190,000
      Income-Based Land
      $210,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3349
    Latitude
    41.5986
    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
    $3,241
    $5,600
    $117,100
    $122,700
    -
    $5,600
    $117,100
    $122,700

    Comparable in this City

    • Value Estimation by Request
      3,861 SF

      441 Connecticut St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,861 SF
      441 Connecticut St, Gary, IN 46402-1312
      View Details
    • Value Estimation
      $315,000
      4,216 SF

      667 Van Buren St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,216 SF
      667 Van Buren St, Gary, IN 46402-2240
      View Details
    • Value Estimation
      $300,000
      2,880 SF

      801 Adams St, Unit 7

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,880 SF
      801 Adams St, Gary, IN 46402-2313
      View Details
    • Value Estimation by Request
      6,720 SF

      1021 6th Ave, Unit 39

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,720 SF
      1021 6th Ave, Gary, IN 46402-1420
      View Details
    • Value Estimation by Request
      3,512 SF

      612 Adams St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,512 SF
      612 Adams St, Gary, IN 46402-2302
      View Details
    • Value Estimation by Request
      2,540 SF

      537 Georgia St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,540 SF
      537 Georgia St, Gary, IN 46402-1427
      View Details

    Similar Nearby for Sale

    • $200,000
      0.24 Acres

      Gary IN Triplex Development Opportunity

      Prime development opportunity near planned South Shore Line revitalization.
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    • $54,000
      0.09 Acres

      Gary Duplex: Investor Opportunity

      Two-unit building with rehab potential in Gary, Indiana.
      1072 Van Buren St, Gary, IN 46402
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    • New
      $69,900
      0.09 Acres

      Gary, Indiana Triplex Opportunity

      Triplex with walkout basement apartment and low property taxes.
      640 Polk St, Gary, IN 46402
      View Details
    • $75,000
      Pending

      Duplex with Rental Potential

      Duplex in Gary, Indiana with newer roof and furnace.
      251 Polk St, Gary, IN 46402
      View Details
    • Contact for pricing
      17,814 SF

      Freestanding Office Building in Merrillville

      Turnkey office building near I-65 and US 30.
      8401 Ohio St, Merrillville, IN 46402
      View Details
    • $275,000

      Land For Sale

      Land available for sale in Merrillville, Indiana.
      Broadway, Merrillville, IN 46402
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      60,000 SF

      Retail Space in Vibrant Corridor

      Retail space with high-traffic co-tenants and convenient highway access.
      6110 Broadway, Merrillville, IN 46402
      View Details
    • $19 SF/Yr
      1,109 SF

      Merrillville Office Space Available

      1,109 SF office space for lease in Merrillville, Indiana.
      8941 Broadway, Merrillville, IN 46402
      View Details
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    672 Connecticut St, Unit 76
    Gary, IN 46402-2556
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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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