815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
4
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$74,900
Est. payment /mo
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3 Beds
1 Bath
2,526 SqFt
Price Dropped by $5K

815 W 25th AVE Gary, IN 46407

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 2,526 sqft

Price per Sqft $29

Subdivision Garfield Park Add

MLS Listing ID 839546

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1945

Annual Tax Amount $1,680

Tax Year 2025

Lot Size 2,526 Sqft

Acres 0.058

Property Sub-Type Apartment

Property Description

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!

Location

State IN

County Lake

Rooms

Basement Unfinished

Interior

Interior Features None

Heating Forced Air, Natural Gas

Fireplace N

Appliance None

Exterior

Exterior Feature Rain Gutters

Parking Features Off Street

Pool None

View Y/N true

View City

Building

Lot Description Rectangular Lot

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Others

Tax ID 450816330006000004

SqFt Source Assessor

Acceptable Financing NRA20260526161137008020000000

Listing Terms NRA20260526161137008020000000

Pets Allowed Call

Listed by Weichert, Realtors-Moke Agency • Dennis Nichols

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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815 W 25th AVE