About This Home

This 3-bedroom, 1-bathroom multi-family at 815 W 25th Avenue in Gary, IN is listed for $74,900. Built in 1945, on a 0.06 acres lot.

Key Features

  • Built in 1945
  • 0.06 acre lot

Property Details

1 story
1 full
1945

Amenities

View
Listing 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!

Monthly Cost Estimate

$401/mo

20% down · 6.5% · 30 years

Principal$54
Interest$325
Insurance$22

Estimates only. Actual payments may vary.

Location

815 W 25th Avenue

Gary, IN 46407

Garfield Park Add

Features & Amenities

Exterior Features

Rain Gutters

Property Details

Views

City

Outdoor Features

Porch

Parking

Off Street

Heating

Forced AirNatural Gas

Questions & Answers

This 3-bedroom, 1-bathroom multi-family at 815 W 25th Avenue is listed at $74,900. The estimated monthly payment is $401 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1945, 0.06 acre lot. Exterior Features: Rain Gutters.

This property is listed by Dennis Nichols and can be reached at 2192572800.

DN

Dennis Nichols

Agent at Moke Realty, Inc.

(219) 257-2800
Agent website

Listed by Moke Realty, Inc. · Broker phone: (219) 662-3000 · View on Broker Site · Broker website

MLS# 839546· Source: Greater Northwest Indiana Association of REALTORS· 136 days on PropertySimple

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

815 W 25th Avenue, Gary, IN 46407

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