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3725 Monroe St , Gary, IN 46408

$139,900

5
beds
2
baths
1,848
sqft
1924
year built

Cash-flow opportunity in the heart of Gary! This all-brick 2-unit property at 3725 Monroe offers the unit mix investors are looking for with one spacious 3-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit. Whether you're looking to add doors to your portfolio, start your investment journey, or create value through updates and improved rents, this property checks the boxes. The solid brick construction offers durability, while the aggressive pricing creates an opportunity to secure a multifamily asset below replacement cost. Sold AS-IS and priced to move quickly, this is the type of opportunity savvy investors watch for but rarely find. With continued investment and redevelopment throughout Gary, now is the time to secure your position in one of Northwest Indiana's fastest-evolving markets. Schedule your showing today before this one is gone.

Highlights

  • Residential Income
  • Duplex
  • Built in 1924
  • 0.072 Acre Lot
  • 2 Car Garage
  • 125 days on Market

  • Bedrooms
    5
  • Bathrooms
    2
  • Year Built
    1924
  • Garage Spaces
    2.0
  • Parking Features
    On Street, Garage Faces Rear, Alley Access
  • Living Area
    1848.0
  • Appliances
    None
  • Flooring
    Hardwood
  • Patio And Porch
    Front Porch, Rear Porch
  • Pool Features
    None
  • Cooling
    None
  • Heating
    Forced Air

  • Acres
    0.072
  • Lot Features
    Back Yard, Front Yard
  • View
    None
  • Utilities
    Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 3725 Monroe St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 3725 Monroe St.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 3725 Monroe St?

Click Ask a Question to talk with our team. You already know it is a 5 bed, 2 bath, listed for $139,900. We can talk through recent upgrades, potential seller motivation, how this duplex compares to others in Gary, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 3725 Monroe St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 3725 Monroe St at around $917. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 3725 Monroe St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 3725 Monroe St?

In most cases, yes. Whether 3725 Monroe St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Gary's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 3725 Monroe St?

We can handle that for you. Our preferred local agent specializes in residential incomes in Gary and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $139,900 with 1,848 sqft of space—that comes out to approximately $76 per square foot.

How long has this property been on the market?

3725 Monroe St was listed on July 08, 2026, which means it's been on the market for 125 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1924, making it approximately 102 years old.

What is the lot size of this property?

3725 Monroe St sits on a 0.07-acre lot, which is 3,049 square feet.

What are the property taxes for 3725 Monroe St?

The most recent public record shows annual property taxes for 3725 Monroe St were approximately $1,452. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 3725 Monroe St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS. Copyright 2026, Northwest Indiana Association of REALTORS. All rights reserved.

Last Updated: November 10, 2026 at 02:46PM | Source: Northwest Indiana Association of REALTORS | MLS#: 841926