This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/4
$56,675
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/4
Property Description
Great opportunity to own this estate property in Gary! This 3-bedroom, 1-bath home features central air conditioning, lead-free piping, a 1-car detached garage, and a backyard storage shed--perfect for additional storage. The property is being sold as-is and does need some work, making it ideal for investors or buyers looking to add their personal touch. Inside, you'll find a functional layout that's ready for your finishing touches. With solid potential and great value, this property is ready for your vision.
Full Property Details
Full Property Details for 2425 Prospect St
General
- Price: $56,675
- Taxes: $961 (2023)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 827596
- Updated: 1/2/2026
- Added to Site: 125 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: None
Parking
- Garage Spaces: 1
Location
- County: Lake
- Township: Calumet
- Subdivision: Mid City Realty Companys Central
- Driving Directions: Take I-80/94 to Broadway (IN-53) and head north. Turn right onto 25th Ave, then left onto Massachusetts St. Turn right onto 24th Ave, then left onto Prospect St. Property will be on the right.
Heating & Cooling
- Heating Type: Natural Gas
Structural Information
- Square Feet: 1,056
- Year Built: 1947
Lot Features
- Lot Size (Acres): 0.107
- Lot Size (Sq. Ft.): 4,661
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $961
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: MID CITY REALTY CO. CENTRAL SUB. ALL L.7 BL.9
- Property ID: 450815184007000004
Listed by Keller Williams Preferred Real
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 2425 Prospect St
School District:Gary Community School Corporation
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2425 Prospect St
Date
Details
Price
Change
Source
1/02/2026
Price Reduced
$56,675
-11.03%
MLS
10/21/2025
Price Reduced
$63,700
-8.87%
MLS
9/12/2025
Listed
$69,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2425 Prospect St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,066
-68%
$38,800
2%
2023
$3,359
261%
$38,100
5%
2022
$930
-68%
$36,300
8%
2020
$2,952
571%
$33,500
—
2019
$440
-2%
$33,500
—
2018
$451
-10%
$33,500
-11%
2017
$499
—
$37,800
-4%
2017
$499
-2%
$39,300
-1%
2016
$511
26%
$39,600
1%
2015
$407
-30%
$39,100
3%
2013
$585
-5%
$38,100
-2%
2012
$616
—
$39,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2425 Prospect St
2425 Prospect Street, Gary, IN 46407 (MLS# 827596) is a Single Family property with 3 bedrooms and 1 full bathroom. 2425 Prospect Street is currently listed for $56,675 and was received on September 12, 2025. Want to learn more about 2425 Prospect Street? Do you have questions about finding other Single Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

