Gary, IN 46407 815 W 25th Avenue

815 W 25th Avenue Gary, IN - Image 1815 W 25th Avenue Gary, IN - Image 2815 W 25th Avenue Gary, IN - Image 3
Presented By: Dennis Nichols with Weichert, Realtors-Moke Agency - (219) 662-3000;
  • MLS# 839546
  • 05/26/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 3
  • Baths • 1

Home Details

MOTIVATED SELLER - Hey 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!
Presented By: Dennis Nichols with Weichert, Realtors-Moke Agency - (219) 662-3000;

Interior Features for 815 W 25th Avenue

Bedrooms

Total Bedrooms3

Bathrooms

3/4 Baths0
Half Baths
Total Baths1

Other Interior Features

LivingAreaSourceAssessor
Above Grade Finished Area836
Fireplace Y/NNo
Interior AmenitiesNone
Laundry FeaturesLower Level, Washer Hookup, Sink

General for 815 W 25th Avenue

AppliancesNone
CityGary
CountyLake
DirectionsBroadway to 25th Ave, west 25th Ave, property on the south side of street
Electric100 Amp Service
Full Baths1
Garage Y/NNo
Gross Income12000
HOANo
HeatingForced Air, Natural Gas
Insurance Expense1044
Lease Considered Y/NNo
Legal DescriptionGARFIELD PARK ADD. L.4 BL.3
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet2526
Net Operating Income9436
New ConstructionNo
OwnerPaysInsurance, Taxes
Patio/Porch FeaturesFront Porch
Pets AllowedCall
Pool FeaturesNone
Property SubtypeApartment
Property TypeResidential Income
Rent IncludesNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGarfield Park Add
Tax Annual Amount1680
Tax Assessed Value56400
Tax Year2025
Total Rooms5
TownshipCalumet
UtilitiesElectricity Connected, Water Connected, Natural Gas Connected
ViewCity
Year Built1945

Exterior for 815 W 25th Avenue

Exterior AmenitiesRain Gutters
Lot FeaturesRectangular Lot
Lot Size Acres0.058
Lot Size SourceAssessor
Parking FeaturesOff Street
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Cristina Derucki

Price $79,900
MLS#839546
List Date 05/26/2026
Property Type Multi-Family
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 815 W 25th Avenue