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Mark Keene

mhkeene60@gmail.com +1(219) 292-3704

$ 79,900

Est. payment | -/mo

3 Beds

1 Bath

2,526 Sqft Lot

Save

$ 79,900

Est. payment | -/mo

Save

3 Beds

1 Bath

2,526 Sqft Lot

Key Details

Property Type Single Family Home, Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Garfield Park Add

MLS Listing ID 839546

Bedrooms 3

Full Baths 1

Year Built 1945

Annual Tax Amount $1,680

Tax Year 2025

Lot Size 2,526 Sqft

Property Sub-Type Apartment

Property Description

MOTIVATED SELLER - Hey INVESTORS - Affordable 3-bedroom, 1-bath raised ranch. This home features a full basement and solid fundamentals, with major updates already completed--including a roof and windows recently --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. Whether you're tired of rising rent or ready to invest in your future, this home offers a smart, affordable path to ownership. 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

Rooms

Basement Unfinished

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Other

Fireplace No

Appliance None

Exterior

Exterior Feature Rain Gutters

Parking Features Off Street

Utilities Available Electricity Connected, Water Connected, Natural Gas Connected

Roof Type Shingle

Building

Lot Description Rectangular Lot

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Weichert, Realtors-Moke Agency

Nearby Locations

GET MORE INFORMATION

Mark Keene

Managing Broker License ID: RB18001895

mhkeene60@gmail.com

+1(219) 292-3704

3709 Broadway #2, Gary, IN 46409

815 W 25th Avenue Gary, IN 46407

Mark Keene

Key Details

Location

Rooms

Interior

Exterior

Building

Others

815 W 25th Avenue