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Gary, IN, 46406 • Ambrige Mann • Lake County
$113/sqft
Down payment assistance available
2Beds
1Baths
720Sqft
0.09 acLot
1925Built
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Other
Character Home
Built 1925 · 101 years of history
Gary Guild Sub
Ambrige Mann
Just Listed
Listed Apr 9, 2026
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$113/sqft
Price per square foot
Single Family · Built 1925 · Historic
Turnkey Cash-Flow Property in Gary's Westside An ideal opportunity for buy-and-hold investors, this charming 2-bedroom, 1-bathroom cottage is fully rented out and a proven income-generator. Built in 1925, the 720-square-foot home sits on a manageable corner lot and offers instant ROI from day one. Current Occupancy: Fully tenant-occupied through November 30, 2026. Rental Income: Currently producing 975 per month. Tenant Responsibilities: Tenant is responsible for all utilities (electric, gas, water, and trash) as well as lawn maintenance, ensuring low overhead for the owner. Property Highlights: Compact, efficient 720 sq. ft. layout. Corner lot location with off-street parking. Features a basement. Seller just put on a brand new architectural shingle roof. Strong rental demand in the immediate area. This property is a "money maker" for investors looking for a stable addition to their portfolio with a long-term lease already in place.
Standout features identified
Our analysis highlights off-street parking, features a basement, and manageable corner lot as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $65,200 loan
Full calculator →Key facts and listing details
5 categories of property features
2 rooms detailed
Primary Bedroom
Bedroom2
Market data and value estimates
3 schools rated nearby
Gary, IN, 46406
6 events
18 years of records
Local context around this listing
Gary, IN • Lake County
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Based on information submitted to the MLS GRID as of 2026-04-09 22:02:31 PDT. 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. [Click here for more information](/mls-disclaimers/#185)
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