815 W 25th Avenue, Gary, IN 46407

Gary
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: dennis nichols
Office: weichert, realtors-moke agency219-662-3000
MLS#:839546
Source:Northwest Indiana AOR as distributed by MLS GRID
815 W 25th Avenue,Gary, IN 46407
$89,900
  • 3 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$89,900

About this home

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...

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Home facts

  • Year built:1945
  • Listing ID #:839546
  • Added:47 day(s) ago
  • Updated:July 13, 2026 at 03:08 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:5
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1945
  • Lot area:0.06 Acres
  • Exterior Features:Rain Gutters

Utilities

  • Water:Public

Finances and disclosures

  • Price:$89,900
  • Tax amount:$1,680 (2025)

Parking

  • Parking description:Off Street
Based on information submitted to the MLS GRID as of July 13, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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