815 W 25th Ave Gary, IN 46407
Midtown NeighborhoodEstimated payment $705/month
Highlights
- City View
- Front Porch
- 1-Story Property
- No HOA
- Living Room
- Forced Air Heating System
About This Home
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 Agent
Weichert, Realtors-Moke Agency License #RB20001421 Listed on: 04/21/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,415
Year Built
- Built in 1945
Parking
- Off-Street Parking
Interior Spaces
- 836 Sq Ft Home
- 1-Story Property
- Living Room
- City Views
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry on lower level
- Sink Near Laundry
- Washer Hookup
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Front Porch
- 2,526 Sq Ft Lot
Community Details
- No Home Owners Association
- Garfield Park Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 450816330006000004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,273 | $62,300 | $3,500 | $58,800 |
| 2024 | $5,325 | $56,400 | $3,500 | $52,900 |
| 2023 | $1,673 | $60,400 | $9,600 | $50,800 |
| 2022 | $1,750 | $62,300 | $9,600 | $52,700 |
| 2021 | $1,632 | $58,000 | $9,600 | $48,400 |
| 2020 | $1,360 | $47,400 | $9,600 | $37,800 |
| 2019 | $1,694 | $47,400 | $9,600 | $37,800 |
| 2018 | $3,192 | $47,400 | $9,600 | $37,800 |
| 2017 | $1,826 | $47,800 | $9,600 | $38,200 |
| 2016 | $1,783 | $46,200 | $9,600 | $36,600 |
| 2014 | $1,433 | $52,400 | $9,600 | $42,800 |
| 2013 | $1,340 | $50,300 | $9,600 | $40,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | Price Changed | $110,000 | -12.0% | $132 / Sq Ft | |
| 04/21/2026 04/21/26 | For Sale | $125,000 | +257.1% | $150 / Sq Ft | |
| 09/27/2023 09/27/23 | Sold | $35,000 | -12.5% | $42 / Sq Ft | View Prior Sale |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- | |
| 07/14/2023 07/14/23 | For Sale | $40,000 | -- | $48 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Meridian Title | |
| Warranty Deed | $35,000 | Meridian Title | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $500 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 837478
APN: 45-08-16-330-006.000-004
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Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
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Ask me questions while you tour the home.