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Single Family ResidenceResidential
$33,620$22 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 86How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

540 MONROE ST

GARY, IN 46402
3
Beds
1
Baths
1,514 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3,746 ft²
Lot SizeThe size of the land the home sits on, from county records.
1910
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$34K
$29K low$38K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$653 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$31,800 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$5,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$26,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$28,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$31,800

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.13 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLake
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1960
Lot (acres)The size of the land the home sits on, from county records.0.09
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Beveridge Elementary SchoolF
Elementary · Grades KG–5 · 1.2 mi
H
West Side Leadership Academy
High · Grades 9–12 · 3.4 mi
M
Gary Middle School for the Visual and Preforming ArtsF
Middle · Grades 6–8 · 5.1 mi

District: Gary Community School Corporation

Neighborhood · ZIP 46402These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.174
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.106
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.36

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.79%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.7.3%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.41%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.6,584
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.798 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$29,280
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$41,733
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.60%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

540 Monroe St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the least valuable homes in Lake County
  • Among the lowest price per square foot in Lake County
  • Has a smaller lot than 92% of homes in Lake County
  • Older than 97% of homes in Lake County

What homes are worth in Gary 46402

Each bar is how many homes fall in that price range. The marker is this home.

This home
$19K$203K

This home is worth more than 12% of homes in Gary 46402.

How it measures up in Gary 46402

The dot is this home. The mark in the middle is the typical home in Gary 46402.

Estimated value$33,620
CheaperTypical $65,000Pricier

Pricier than 12% of homes nearby

Price per ft²$22
CheaperTypical $45Pricier

Pricier than 13% of homes nearby

Living area1,514 ft²
SmallerTypical 1,490 ft²Bigger

Bigger than 52% of homes nearby

Lot size3,746 ft²
SmallerTypical 0.1 acBigger

Bigger than 10% of homes nearby

Year built1910
OlderTypical 1923Newer

Newer than 7% of homes nearby

How 540 Monroe St ranks against every home in each area.
MeasureThis homeGary 46402Lake County
Estimated valuepricier than$33,62012% of homesalmost no homes
Price per ft²pricier than$2213% of homesalmost no homes
Living areabigger than1,514 ft²52% of homes38% of homes
Lot sizebigger than3,746 ft²10% of homes8% of homes
Year builtnewer than19107% of homes3% of homes

About 540 Monroe St

How much is 540 Monroe St, Gary, IN worth?

The TopHap Estimate for 540 Monroe St, Gary, IN is $33,620 as of Sep 24, 2026. The likely range is $28,834 to $38,406. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 540 Monroe St, Gary, IN last sell?

540 Monroe St, Gary, IN last sold on Dec 23, 1997, according to the county's recorded deed.

How big is 540 Monroe St, Gary, IN?

540 Monroe St, Gary, IN has 3 bedrooms, 1 bathrooms, 1,514 square feet of living space and a 0.09-acre lot.

When was 540 Monroe St, Gary, IN built?

540 Monroe St, Gary, IN was built in 1910, making it 116 years old. The building has 2 stories.

What schools serve 540 Monroe St, Gary, IN?

540 Monroe St, Gary, IN is assigned to Beveridge Elementary School (elementary), rated F; West Side Leadership Academy (high); Gary Middle School for the Visual and Preforming Arts (middle), rated F. All sit in Gary Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 540 Monroe St, Gary, IN compare to other homes in Gary 46402?

Among the 2,091 homes in Gary 46402, it is worth more than 12% of them ($33,620 against a typical $65,000), its price per square foot is higher than 13% of them ($22 against a typical $45), it is bigger than 52% of them (1,514 ft² against a typical 1,490 ft²), its lot is bigger than 10% of them (3,746 ft² against a typical 0.1 ac) and it is newer than 7% of them (1910 against a typical 1923). Measured against all of Lake County, it is worth more than almost no homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 540 Monroe St, Gary, IN?

The 2024 property tax bill for 540 Monroe St, Gary, IN was $653. The county assessed it at $31,800.

More homes on Monroe St

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Assigned schools

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