This method will provide additional information that is not normally found using the GUI method unless one opens up the GUI, which has multiple steps in the process. This method only takes two steps.
Specifically, it will provide information about the Gateway,
Click the Start Button, then type Command in the Search box

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[CommandPrompt]
Step #2 Type Ipconfig /all at the prompt
Notice the following information:
IPv6 along with IPv4 is displayed. IPv6 is the next generation IP addressing scheme with 128 bits, as opposed to the IPv4 version with 32 bits.

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[CommandPrompt-Window]
The MAC address is available. This is the physical address under the Ethernet adapter Local Area Connection. The physical address is the address of the network interface card, the NIC. This is the device that connects to the network, and ultimately to the Internet.
This command will supply, in addition to the IP address, the subnet mask, the gateway, the DHCP server's address, the DNS server's address, the WINS server's address (for legacy purposes to NT4.0)

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[IPconfig/all]
Notice that the GUI method will work if one has a manual configuration for the IP settings. If the settings are based on a lease from DHCP, then one must go to the command prompt to retrieve the information.
IPconfig/all will provide all of the information necessary to determine the IP address.
The shorter version, IPConfig, will only supply the IP address, the Subnet Mask, and the Gateway.

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[ipconfig]
As has been mentioned, there are two ways to find the IP address, using the Windows GUI, but it may not provide one with the information if the IP number is leased out via DHCP. The sure fire way of getting the IP address is using the command prompt method.