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Gary, IN Condo for Sale

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    $94,000

    • 3 Beds
    • 1 Bath
    • 636 Sq Ft

    815 W 25th Ave, Gary, IN 46407

    Turnkey Rental Property. 9.3 Cap Rate!Investor special! This 3-bedroom, 1-bath single-family home offers an excellent opportunity to build or expand your portfolio with a solid return. Currently occupied by a reliable long-term tenant on a month-to-month lease at 1,000 per month, this property provides immediate income with a 9.3 cap rate at the current asking price. The home features a newer

    Dennis Nichols Weichert, Realtors-Moke Agency

    815 W 25th Ave, Gary, IN 46407

Why Live in Gary

The Indiana Dunes National Park and Lake Michigan shoreline create a stunning natural backdrop for life in Gary, with miles of beaches and hiking trails just steps away. Marquette Park stands out as a summer destination with its historic pavilion and beach access, while the Miller Beach Arts & Creative District brings cultural energy through art galleries and boutique shops. The Gary RailCats minor league baseball team plays at U.S. Steel Yard, providing affordable family entertainment, and the Hard Rock Casino Northern Indiana adds gaming and dining options including Council Oak Steaks and Seafood.

The real estate landscape in Gary presents diverse opportunities across eight distinct neighborhoods. The Miller area commands the highest median single family home price at $293,000, while Downtown Gary's median single family price sits at $82,500. Ambridge-Mann and Tolleston show strong middle market appeal with median single family prices of $135,300 and $129,500 respectively. Glen Park, home to the APlus rated Andrean High School, has a median single family price of $110,400.

Property taxes in Gary maintain competitiveness with a Lake County effective rate of 0.93%, matching neighboring Hammond and East Chicago, but higher than Portage's 0.83%. The combined state and local income tax rate totals 4.50%.

Transportation options include the South Shore Line commuter rail to Chicago, the Gary/Chicago International Airport, and major highways I-80/94 and I-65. Indiana University Northwest adds educational opportunities and community programming. The climate features warm summers reaching the 80s Fahrenheit and winter temperatures typically in the 20s Fahrenheit, with significant seasonal snowfall.

Home Trends in Gary, IN

Housing Trends

Median Sale Price
$108,000
Median Single Family Sale Price
$125,000
Median Townhouse Sale Price
$45,000
Median 2 Bedroom Sale Price
$97,450
Average Price Per Sq Ft
$86
Number of Homes for Sale
254
Last 12 months Home Sales
825
Months of Supply
3.70
Median List Price
$130,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
14%
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