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815 W 25th Avenue Gary, IN $ 94,000
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$ 94,000 Get more info
815 W 25th Avenue
$ 94,000
Back to search
Share Save

815 W 25th Avenue

Gary, IN, 46407
$ 94,000
Bedrooms3 Baths1.0

Monthly Estimate*

$ 586

815 W 25th Avenue, Gary, IN 46407 - Image 1
815 W 25th Avenue, Gary, IN 46407 - Image 2
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815 W 25th Avenue, Gary, IN 46407 - Image 4
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815 W 25th Avenue, Gary, IN 46407 - Image 9
815 W 25th Avenue, Gary, IN 46407 - Image 10

Multi-Family Home for sale in Gary, IN

for $94,000 with 3 bedrooms and 1 full bath. This home was built in 1945 on a lot size of 0.058.

Turnkey Rental Property. 10.0 Cap Rate! Investor special! This 3-bedroom, 1-bath single-family home offers an excellent opportunity to build or expand your portfolio with a solid return. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000 per month, this property provides immediate income with a 10.0 cap rate at the current asking price. The home features a newer roof and windows, offering peace of mind and reduced maintenance costs. The tenant has been in place long term, offering stability with flexibility for future plans. Located in a strong rental market, this home is ideal for investors seeking cash flow now and value-add potential later. With 12,000 in annual gross income and minimal vacancy risk, the numbers make sense from day one. The property is being sold As Is, with plenty of upside for future rent increases or improvements that could boost value and returns. Whether you're a seasoned investor or just getting started, this is a smart, cash-flowing asset ready to work for you immediately. Contact an agent today to schedule your private tour!

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Multi-Family Active

Price

$ 94,000

Bedrooms

3

Full Bath

1

Property Type

Multi-Family

Taxes

$ 1,520

Style

Apartment

Lot Size

0.058

Year Built

1945

Town/City

Gary

County/Region

Lake

MLS | Web ID

824395
Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 636
Half Baths 0
3/4 Baths 0
Laundry Features Lower Level
Total Bedrooms 3
Total Baths 1
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances None
Patio/Porch Features Front Porch
Pool Features None
Pets Allowed Yes
Year Built 1945
Township Calumet
Levels One
Property Subtype Apartment
Tax Year 2024
Gross Income 1200
County Lake
Net Operating Income 9070
Insurance Expense 1410
New Construction N
Property Type Residential Income
HOA N
MaintenanceExpense 0
Subdivision Name Garfield Park Add
Garage Y/N N
Rent Includes None
Total Rooms 5
Full Baths 1
Status Active
Directions Broadway to 25th Ave west 25th Ave property on the south side of street
City Gary
Lot Size Square Feet 2526
Listing Terms Cash Conventional
Tax Annual Amount 1520
Electric Expense 0
Trash Expense 0
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 56400
Total Actual Rent 12000
Taxes 1520
Legal Description GARFIELD PARK ADD. L.4 BL.3
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Exterior
Exterior Amenities Rain Gutters
Parking Features Off Street
Lot Features Rectangular Lot
Water Source Public
Total Parking 2
Lot Size Acres 0.058
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Dennis Nichols

Listing Agent

Crown Point -Weichert, Realtors® - The Moke Agency

Broker

Affordability Calculator

$713
Per Month
82%
18%
0%
Monthly Principal & Interest
$586
Monthly Property Taxes
$127
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/29/2025$94,000 -3.59% Price Down
7/17/2025$97,500 Listed Price

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815 W 25th Avenue, Gary, IN, 46407 is a Multi-Family Home for sale at $94,000 with a lot size of 0.058. 815 W 25th Avenue has 3 bedrooms, 1.0 baths, and was built in 1945. The property's zip code is 46407 which is in Gary, IN

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