Active

815 W 25th Avenue

Gary, IN 46407

$94,790 $399/Mo

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Overview

Bed

Bath

0.06

Acre(Lot)

Description

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 minim al 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!

Property Details

Property Type : Residential Income

Price : $94,790

AD Id : 79271206

MLS Id : NRA839546

Beds : 3

Lot Size : 0.06 Acre

Year Built : 1945

County : Lake

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedroom: 3

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 5 Has Basement: Yes

Interior Features

None Appliances: None Laundry Features: Lower Level, Washer Hookup, Sink
Heating & Cooling

Heating: Forced Air, Natural Gas WaterSource: Public

Building Information

Year Built: 1945
Exterior Features

Rain Gutters
Pool Features

Private Pool: None

Lot Information

Lot Description: Rectangular Lot Lot Square Feet: 2526 Lot Acres: 0.058

Property Information

Property Type: Residential Income Sub Type: Apartment

Tax Information

Tax Assessed Value: 56400 Tax Legal Description: GARFIELD PARK ADD. L.4 BL.3 Annual Tax: $1680 Tax Year: 2025 Parcel Number: 450816330006000004

Parking Information

Off Street

Utility Information

Electricity Connected, Water Connected, Natural Gas Connected Sewer: Public Sewer Water Source: Public
Location Information

Subdivision: Garfield Park Add City: Gary Direction: Broadway to 25th Ave, west 25th Ave, property on the south side of street

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ByOwner last updated this listing 06/10/2026 @ 18:20

MLS: NIRA #839546 LISTED BY: Dennis Nichols, Weichert, Realtors-Moke Agency 219-662-3000 SOURCE: Northwest Indiana REALTORS® Association (formerly GNIAR) (Listings courtesy of Northwest Indiana REALTORS® Association (formerly GNIAR) as distributed by MLS GRID)