815 W 25th Avenue, Gary, IN 46407

• 3 beds |
• 1 bath |
• 836 sqft

Property Description

Stop Renting--Start Building Your Future! Own your first home and start building equity with this affordable 3-bedroom, 1-bath raised ranch--a perfect opportunity for first-time buyers or anyone ready to make the move from renting to owning. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows just 3 years old--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. Currently tenant-occupied on a month-to-month basis, offering flexibility for a smoother transition at closing. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. INVESTORS - 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!

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 9:20PM

Listing Office:

Weichert, Realtors-Moke Agency : (219) 662-3000

Listing Agent:

Dennis Nichols :

MLS ID:

837478

Interior

• General: None
• Rooms: Bedroom 2Primary BedroomLiving RoomKitchenBedroom 3
• Appliances: None
• Laundry: Lower LevelWasher HookupSink
• Basement: Unfinished
• Heating: Forced AirNatural Gas

Exterior

• General: Rain Gutters
• Other Structures: Front Porch
• Parking: Off Street

Construction

• General: One

Location

• Originating MLS: nira
• County: Lake

Lot

• Zoning: GARFIELD PARK ADD. L.4 BL.3450816330006000004
• View: City

Utilities

• Utilities: Electricity ConnectedWater ConnectedNatural Gas Connected100 Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira