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$235,000
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Property Description
Two Homes on one lot Opportunity in a Prime Location with a high cap rate!!! Welcome to 2715 Floyd St, a one-of-a-kind property offering two ranch-style homes on one lot, perfect for investors or multi-generational living! The front home has been beautifully remodeled with a modern, open-concept design, featuring 2 bedrooms, 1 bathroom, and a brand-new furnace. The second home also includes 2 bedrooms and 1 bathrooma"ideal for extended family, guests, or generating rental income. Outside, you'll find a spacious 2.5-car heated garage with wood-burning stove, an enclosed screened porch, and a meticulously landscaped yard that's perfect for relaxing or entertaining. Additional highlights include separate NIPSCO meters for each home and a prime location with easy access to Chicago, shopping, hospitals, and nearby attractions like the International Dunes Park. Whether you're looking for steady cash flow with over a 12 cap rate or a unique related-living setup, this dual-home property has it all!
Full Property Details
Full Property Details for 2715 Floyd St
General
- Price: $235,000
- Taxes: $2,076 (2023)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 831413
- Updated: 12/23/2025
- Added to Site: 45 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Ceiling Fan(s), Country Kitchen, Open Floorplan
- Appliances: Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Spa Description: Bath
Exterior
- Exterior Features: Lighting, Rain Gutters, Private Yard
Parking
- Garage Spaces: 2.5
- Parking Features: Alley Access, Garage Door Opener, Detached, On Street, Heated Garage, Garage Faces Rear
Location
- County: Lake
- Township: Hobart
- Subdivision: Lake Station 01
- Driving Directions: I-94 to Central Avenue, East to Floyd Street
Heating & Cooling
- Heating Type: Central, Natural Gas, Forced Air
Structural Information
- Year Built: 1924
Lot Features
- Lot Size (Acres): 0.213
- Lot Size (Sq. Ft.): 9,278
- Lot Features: Back Yard, Landscaped
- Zoning: Residential
Financial Considerations
- Tax Amount: $2,076
- Tax Year: 2023
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: 1ST SUBDIV. E. GARY LOTS 10, 11 & 12 BL.13
- Property ID: 450918379011000021
Listed by McCormick Real Estate, Inc.
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Schools
Schools serving 2715 Floyd St
School District:Lake Station Community Schools
| Name | Grades | Distance |
|---|---|---|
Thomas A Edison Jr-Sr High School 3304 Parkside Avenue, Lake Station, IN 46405 | 7-12 | 1.5 mi |
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 2715 Floyd St
Date
Details
Price
Change
Source
12/01/2025
Listed
$235,000
182.71%
MLS
5/05/2004
Sold
$83,125
—
Public Record
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 2715 Floyd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,321
-63%
$137,000
1%
2023
$6,299
219%
$135,300
6%
2022
$1,975
-32%
$127,800
12%
2020
$2,905
69%
$113,600
2%
2019
$1,715
—
$110,900
8%
2019
$1,715
3%
$103,000
5%
2018
$1,671
-2%
$98,500
2%
2017
$1,711
—
$96,200
-3%
2017
$1,711
17%
$99,000
2%
2016
$1,460
12%
$96,800
-1%
2015
$1,306
-34%
$97,700
1%
2013
$1,971
3%
$97,100
4%
2012
$1,909
—
$93,200
—
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 2715 Floyd St
2715 Floyd Street, Gary, IN 46405 (MLS# 831413) is a Multi-Family property with units containing 4 bedrooms and 2 full bathrooms. 2715 Floyd Street is currently listed for $235,000 and was received on December 01, 2025. Want to learn more about 2715 Floyd Street? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

