815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
815 W 25th AVE, Gary, IN 46407
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Laura Renaldo

Laura Renaldo

+1(773) 513-9326
$ 94,790
Est. payment | /mo

3 Beds

1 Bath

836 SqFt

Save
$ 94,790
Est. payment | /mo
Save

3 Beds

1 Bath

836 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 836 sqft

Price per Sqft $113

Subdivision Garfield Park Add

MLS Listing ID 837478

Bedrooms 3

Full Baths 1

Year Built 1945

Annual Tax Amount $1,415

Tax Year 2024

Lot Size 2,526 Sqft

Acres 0.058

Property Sub-Type Single Family Residence

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!

Location

State IN

County Lake

Interior

Interior Features None

Heating Forced Air, Natural Gas

Fireplace N

Appliance None

Exterior

Exterior Feature Rain Gutters

View Y/N true

View true

Building

Lot Description Rectangular Lot

Story One

Others

Tax ID 450816330006000004

SqFt Source Assessor

Acceptable Financing NRA20260421150057930034000000

Listing Terms NRA20260421150057930034000000

Listed by Weichert, Realtors-Moke Agency • Dennis Nichols

Nearby Locations

Laura Renaldo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 513-9326

laura@lookwithlaura.com

1420 N Wood, Chicago, Illinois, 60622, United States

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815 W 25th AVE