USAINGaryGarfield Park Add815 W 25Th Ave
815 W 25Th Ave | Image 1
815 W 25Th Ave | Image 2
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$90,500

For Sale

23 days ago

815 W 25Th Ave, Gary, IN

Condo

MLS® 839546

3 Bed

1 Bath

836 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 836 sqft
Garage 
HOA Fees 
Taxes $1,680
Days Active 23
Approx. Age 1945
Avg. Price Per Sqft $108
MLS® Number 839546

Property Address: 815 W 25th Ave, Gary, IN, 46407-3401

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number839546
Locker
Ensuite Laundry
Balcony
Furnished
Laundry LevelLower
Exposure
Exterior
Garage
Approx. Age1945
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 26, 2026List Date
$90,500List Price
  • Commute

Commute

Starting Address
Destination Address
815 W 25Th Ave, Gary, IN

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