# 815 W 25th Avenue, Gary, IN 46407

> **TL;DR:** 3bd/1ba multi-family, $74,900, built 1945.
> View. Est. $401/mo. Listed 114 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $74,900 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Year Built | 1945 |
| Lot Size | 2,526 sqft (0.06 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 114 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $379 |
| Estimated Insurance | $22 |
| **Total** | **$401** |

## Key Amenities

- View

## Property Highlights

- Built in 1945
- 0.06 acre lot

## Description

### Agent 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

- **Address:** 815 W 25th Avenue, Gary, IN 46407
- **County:** Lake
- **Neighborhood:** Garfield Park Add
- **Coordinates:** 41.573016, -87.346882
- **Google Maps:** https://www.google.com/maps?q=41.573016,-87.346882

## Listing Agent

- **Name:** Dennis Nichols
- **Brokerage:** Moke Realty, Inc.
- **Phone:** 2192572800
- **Broker Phone:** (219) 662-3000
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/815-W-25th-Ave_Gary_IN_46407_M94287-50053?f=listhub&s=GNIARIN&m=839546&c=propsimple)

## Photos

![815 W 25th Avenue - Photo 1](http://lh.rdcpix.com/1015e9abd7f9903c966a261ff6090e30l-f2615488797r.jpg)

![815 W 25th Avenue - Photo 2](http://lh.rdcpix.com/1015e9abd7f9903c966a261ff6090e30l-f1394318016r.jpg)

![815 W 25th Avenue - Photo 3](http://lh.rdcpix.com/1015e9abd7f9903c966a261ff6090e30l-f4167167533r.jpg)

![815 W 25th Avenue - Photo 4](http://lh.rdcpix.com/1015e9abd7f9903c966a261ff6090e30l-f3774221819r.jpg)

---

**MLS#:** 839546 | **Updated:** 2026-09-04
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/815-w-25th-avenue-gary-in-46407-n839546)

---

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