NOT LISTED FOR SALE

825 Delaware St Gary, IN 46402

Downtown Gary Neighborhood

Estimated Value: $43,000 - $66,000

7 Beds
3 Baths
2,366 Sq Ft
$22/Sq Ft Est. Value

Last Sold November 07, 2024

Last sale price $40,000 $17 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $314/month

62 Days on Market

About This Home

As of November 2024

Investor Special! This property is waiting for its next owner to remodel and renew. The owner is easy-going and ready to make this your next flip or addition to your portfolio. Buyer to verify all room sizes. Sold As-IS

Last Agent to Sell the Property

Alaura Davis

Realest.com License #RB21000872 Listed on: 08/15/2024

Co-Listed By

Jordan Adams

Realest.com License #RB23002091

Last Buyer's Agent

Non-Member Agent

Non-Member MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 1.5 Car Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 45-08-03-380-007.000-004
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units
  • Neighborhood 2526 / 2526 004 / 0.9000 Subdivision

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

3,920 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1920
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: None
  • ResoLotFeatures: Other
  • Co List Office Mls Id: NRA1717
  • Subdivision Name: Neighborhood- 2526 / 2526-004 / 0.9000
  • Above Grade Finished Sq Ft: 2366
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Reso Property Condition: Fixer
  • Financial Info Electric: Other
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Basement: Apartment
  • Flooring: Varies
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 887
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: None
  • Acres: 0.09

Garage/Parking

  • Garage Spaces: 1.5
  • Parking Features: On Street

Utilities

  • Sewer: Unknown
  • Cooling: None
  • Heating: None
  • Water Source: Other

Schools

  • Junior High Dist: Gary

Lot Info

  • Lot Dimensions: 30
  • Lot Size Sq Ft: 3920.4
  • Additional Parcels: No
  • Parcel #: 45-08-03-380-007.000-004
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1339

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Lighthouse Estates Llc
Bought by
Red Door Legacy Llc
Current Estimated Value
$51,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,600
Outstanding Balance
$186,254
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
-$135,254

Purchase Details

Listed on
Aug 15, 2024
Closed on
Nov 6, 2024
Sold by
Keshinro Babatunde
Bought by
Lighthouse Estates Llc
Seller's Agent
Alaura Davis
Realest.com
Buyer's Agent
Non-Member Agent
Non-Member MLS Office
List Price
$35,000
Sold Price
$40,000
Premium/Discount to List
$5,000
14.29%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.90%
Original Mortgage
$140,000
Interest Rate
5.25%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 11, 2024
Sold by
Auditor Of Lake County
Bought by
Keshinro Babatunde
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Red Door Legacy Llc -- Perpetual Title
Lighthouse Estates Llc -- None Listed On Document
Lighthouse Estates Llc -- None Listed On Document
Keshinro Babatunde $1,700 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Red Door Legacy Llc $187,600
Previous Owner Lighthouse Estates Llc $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2024 11/07/24 Sold $40,000 +14.3% $17 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $35,000 -- $15 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $2,859 $17,100 $4,800 $12,300
2024 $4,250 $15,700 $4,800 $10,900
2023 $1,215 $48,200 $4,000 $44,200
2022 $1,181 $46,100 $3,700 $42,400
2021 $1,091 $42,600 $3,700 $38,900
2020 $1,163 $45,400 $3,700 $41,700
2019 $1,832 $45,400 $3,700 $41,700
2018 $2,408 $77,000 $3,900 $73,100
2017 $1,712 $77,800 $3,900 $73,900
2016 $1,763 $81,300 $3,900 $77,400
2014 $2,055 $87,800 $4,700 $83,100
2013 $2,031 $90,400 $4,700 $85,700
Source: Public Records

Agents Affiliated with this Home

  • Alaura Davis

    Seller's Agent in 2024

    Alaura Davis

    Realest.com

    (708) 600-0880

    3 in this area

    17 Total Sales

    Alaura Davis
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jordan Adams

    Realest.com

    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Agent

    Non-Member MLS Office

See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 808702

Northwest Indiana Association of REALTORS®

APN: 45-08-03-380-007.000-004

Indiana Lake County Gary 46402 Downtown Gary

825 Delaware St, Gary, IN

Not Listed for Sale

MultiFamily

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Northwest Indiana Association of REALTORS® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Based on information submitted to the MLS GRID

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