811 E 15th Ave Gary, IN 46407
Midtown NeighborhoodEstimated payment $658/month
Highlights
- City View
- No HOA
- Landscaped
- Wood Flooring
- 1-Story Property
- Forced Air Heating and Cooling System
About This Home
Investor Alert - Cash-Flowing Opportunity!Don't miss this well-maintained 3-bedroom home already generating income! Featuring a spacious living/dining room combo, hardwood floors throughout, and generously sized bedrooms, this property offers both comfort and durability. The large basement provides plenty of storage space, while the expansive backyard is perfect for gatherings or outdoor entertaining.Currently tenant-occupied on a month-to-month lease at 1,430/month, this property delivers an impressive 15+ cap rate--making it a strong addition to any rental portfolio.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,513
Year Built
- Built in 1953
Lot Details
- 5,576 Sq Ft Lot
- Back Yard Fenced
- Landscaped
Property Views
- City
- Neighborhood
Interior Spaces
- 912 Sq Ft Home
- 1-Story Property
- Dining Room
- Gas Range
- Basement
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Stevens First Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 450810256002000004
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 |
|---|---|---|---|---|
| 2024 | $5,290 | $72,000 | $7,300 | $64,700 |
| 2023 | $1,513 | $60,000 | $7,300 | $52,700 |
| 2022 | $444 | $38,300 | $4,800 | $33,500 |
| 2021 | $398 | $36,300 | $4,800 | $31,500 |
| 2020 | $385 | $35,200 | $4,800 | $30,400 |
| 2019 | $389 | $33,100 | $4,500 | $28,600 |
| 2018 | $417 | $35,000 | $4,800 | $30,200 |
| 2017 | $423 | $35,300 | $4,800 | $30,500 |
| 2016 | $436 | $36,700 | $4,800 | $31,900 |
| 2014 | -- | $37,900 | $5,800 | $32,100 |
| 2013 | $62 | $52,600 | $5,800 | $46,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $99,999 | 0.0% | $110 / Sq Ft | |
| 04/03/2024 04/03/24 | Rented | $1,380 | +6.2% | -- | |
| 03/15/2024 03/15/24 | Under Contract | -- | -- | -- | |
| 02/29/2024 02/29/24 | For Rent | $1,300 | 0.0% | -- | |
| 09/02/2022 09/02/22 | Sold | $65,000 | 0.0% | $64 / Sq Ft | View Prior Sale |
| 07/17/2022 07/17/22 | Pending | -- | -- | -- | |
| 05/18/2022 05/18/22 | For Sale | $65,000 | -- | $64 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $85,000 | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $76,500 | Seller Take Back | |
| Closed | $76,500 | Seller Take Back |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 826590
APN: 45-08-10-256-002.000-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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