2715 Floyd Street Gary, IN ^$ 235,000

2715 Floyd Street

^$ 235,000

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2715 Floyd Street

Gary, IN, 46405

^$ 235,000

Bedrooms4 Baths2.0

Monthly Estimate*

^$ 1,466

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Multi-Family Home for sale in Gary, IN

for $235,000 with 4 bedrooms and 2 full baths. This home was built in 1924 on a lot size of 0.213.

Two Homes on one lot Opportunity in a Prime Location with a high cap rate!!! Welcome to 2715 Floyd St, a one-of-a-kind property offering two ranch-style homes on one lot, perfect for investors or multi-generational living! The front home has been beautifully remodeled with a modern, open-concept design, featuring 2 bedrooms, 1 bathroom, and a brand-new furnace. The second home also includes 2 bedrooms and 1 bathrooma"ideal for extended family, guests, or generating rental income. Outside, you'll find a spacious 2.5-car heated garage with wood-burning stove, an enclosed screened porch, and a meticulously landscaped yard that's perfect for relaxing or entertaining. Additional highlights include separate NIPSCO meters for each home and a prime location with easy access to Chicago, shopping, hospitals, and nearby attractions like the International Dunes Park. Whether you're looking for steady cash flow with over a 12 cap rate or a unique related-living setup, this dual-home property has it all!

Multi-Family Active

Price

^$ 235,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,076

Style

Duplex

Lot Size

0.213

Year Built

1924

Town/City

Gary

County/Region

Lake

MLS | Web ID

831413

Features

Interior

Interior Amenities Ceiling Fan(s) Country Kitchen Open Floorplan

Fireplace Y/N N

Above Grade Finished Area 1629

Half Baths 0

3/4 Baths 0

Laundry Features Gas Dryer Hookup Washer Hookup Main Level

Total Bedrooms 4

Total Baths 2

General

Sewer Public Sewer

Heating Central Natural Gas Forced Air

Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected

Appliances Dryer Washer Refrigerator Gas Water Heater Gas Range

Garage Spaces 2.5

Patio/Porch Features Covered Rear Porch Patio Enclosed Deck

Pool Features None

Pets Allowed Dogs OK

Year Built 1924

View Neighborhood

Township Hobart

Levels One

Property Subtype Duplex

Tax Year 2023

County Lake

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Lake Station 01

Garage Y/N Y

Rent Includes Sewer Water Trash Collection

Total Rooms 8

Full Baths 2

Status Active

Directions I-94 to Central Avenue East to Floyd Street

City Gary

Zoning Description Residential

Lot Size Square Feet 9278

Listing Terms Cash VA Loan FHA Conventional

Tax Annual Amount 2076

Lease Considered Y/N N

Standard Status Active

Legal Description 1ST SUBDIV. E. GARY LOTS 10 11 & 12 BL.13

Exterior

Exterior Amenities Lighting Rain Gutters Private Yard

Parking Features Alley Access Garage Door Opener Detached On Street Heated Garage Garage Faces Rear

Lot Features Back Yard Landscaped

Water Source Public

Total Parking 4

Lot Size Acres 0.213

Lot Size Source Appraiser

Waterfront Y/N N

* Excluded Features

List By

Jeff McCormick

Listing Agent

Mccormick Real Estate, Inc.

Broker

Jeff@MccormickRealestate.net

Affordability Calculator

$1,639

Per Month

Monthly Principal & Interest: $1,466
Monthly Property Taxes: $173
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Multi-family listings in Gary, IN

Average List Price ^$152,082

Percent of Sale Price 35%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/2/2025	$235,000		Listed Price

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2715 Floyd Street, Gary, IN, 46405 is a Multi-Family Home for sale at $235,000 with a lot size of 0.213. 2715 Floyd Street has 4 bedrooms, 2.0 baths, and was built in 1924. The property's zip code is 46405 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/6/2025.

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2715 Floyd Street

Multi-Family Home for sale in Gary, IN

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