815 W 25th Avenue Gary, IN $ 94,790
815 W 25th Avenue
$ 94,790
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815 W 25th Avenue

Gary, IN, 46407
$ 94,790
Bedrooms3 Baths1.0

Monthly Estimate*

$ 584

815 W 25th Avenue, Gary, IN 46407 - Image 1
815 W 25th Avenue, Gary, IN 46407 - Image 2
815 W 25th Avenue, Gary, IN 46407 - Image 3
815 W 25th Avenue, Gary, IN 46407 - Image 4

Multi-Family Home for sale in Gary, IN

for $94,790 with 3 bedrooms and 1 full bath. This home was built in 1945 on a lot size of 0.058.

INVESTORS - Affordable 3-bedroom, 1-bath raised ranch. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows recently --giving you peace of mind on the big-ticket items. Inside, you'll find a great layout with plenty of potential to make it your own over time. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000/month, this reflects a stable, below-market rent typical of long-term occupancy--providing an opportunity for future increases. At the current asking price, the property delivers an estimated 10.0 cap rate with 12,000 annual gross income and minimal vacancy risk. Property is located in a strong rental area, you may also want to explore local Section 8 Housing Choice Voucher Program payment standards, which could support higher rental income and improved returns, depending on qualification and tenant placement. Sold As-Is, this property offers both immediate cash flow and value-add potential through rent adjustments or light improvements. Whether you're building your portfolio or entering the market, this is a cash-flowing asset ready to perform from day one. Sold As-Is. Schedule your private showing today and take the first step toward owning your home!

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Multi-Family Active

Price

$ 94,790

Bedrooms

3

Full Bath

1

Property Type

Multi-Family

Taxes

$ 1,680

Style

Apartment

Lot Size

0.058

Year Built

1945

Town/City

Gary

County/Region

Lake

MLS | Web ID

839546

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 836
Half Baths 0
3/4 Baths 0
Laundry Features Lower Level Washer Hookup Sink
Total Bedrooms 3
Total Baths 1
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General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Natural Gas Connected
Appliances None
Patio/Porch Features Front Porch
Pool Features None
Pets Allowed Call
Year Built 1945
Electric 100 Amp Service
View City
Township Calumet
Levels One
Property Subtype Apartment
Tax Year 2025
Gross Income 12000
County Lake
Net Operating Income 9436
Insurance Expense 1044
New Construction N
Property Type Residential Income
HOA N
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 1680
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 56400
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
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

$724
Per Month
81%
19%
0%
Monthly Principal & Interest
$584
Monthly Property Taxes
$140
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
5/26/2026$94,790 Listed Price

Map


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815 W 25th Avenue, Gary, IN, 46407 is a Multi-Family Home for sale at $94,790 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