1297-1299 W 15th Avenue Gary, IN $ 97,500
1297-1299 W 15th Avenue
$ 97,500
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1297-1299 W 15th Avenue

Gary, IN, 46407
$ 97,500
Bedrooms6 Baths2.0

Monthly Estimate*

$ 600

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Multi-Family Home for sale in Gary, IN

for $97,500 with 6 bedrooms and 2 full baths. This home was built in 1922 on a lot size of 0.162.

Investor special in Gary! This bi-level duplex offers an outstanding value-add opportunity for investors, flippers, or buyers looking to build sweat equity. Featuring two units--one upper and one lower--this property has strong income potential with projected rents of approximately 1,200 per month per unit, creating a potential gross annual income of 28,800. With some renovation and updates, investors may have the opportunity to achieve attractive cash flow and returns. Whether you're looking to expand your rental portfolio, complete a fix-and-hold project, or capitalize on Northwest Indiana's continued growth and revitalization, this property deserves a look. Located just minutes from major highways, commuter routes, and the exciting redevelopment taking place throughout the region, now is the time to invest in Gary's future. Property is being sold as-is where is. Cash or renovation financing preferred. Hard money welcome.

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Multi-Family Active

Price

$ 97,500

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,207

Style

Duplex

Lot Size

0.162

Year Built

1922

Town/City

Gary

County/Region

Lake

MLS | Web ID

840881

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 996
Half Baths 0
3/4 Baths 0
Total Bedrooms 6
Total Baths 2
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General
Sewer Public Sewer
Heating None
Appliances None
Pets Allowed No
Year Built 1922
Township Calumet
Levels Bi-Level
Property Subtype Duplex
Tax Year 2025
County Lake
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Logan Park Second Add
Garage Y/N N
Total Rooms 10
Full Baths 2
Status Active
Directions Burr to 15th Ave turn east property on south side of street
City Gary
Lot Size Square Feet 7057
Listing Terms Cash Other Conventional
Tax Annual Amount 1207
Property Condition Fixer
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 40400
Legal Description LOGAN PARK SECOND ADD BLOCK 3 LOTS 1 & 2
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Exterior
Parking Features None
Lot Features Back Yard Rectangular Lot
Water Source Public
Lot Size Acres 0.162
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Dennis Nichols

Listing Agent

Crown Point -Weichert, Realtors® - The Moke Agency

Broker

Affordability Calculator

$701
Per Month
86%
14%
0%
Monthly Principal & Interest
$600
Monthly Property Taxes
$101
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$97,500 Listed Price

Map


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1297-1299 W 15th Avenue, Gary, IN, 46407 is a Multi-Family Home for sale at $97,500 with a lot size of 0.162. 1297-1299 W 15th Avenue has 6 bedrooms, 2.0 baths, and was built in 1922. The property's zip code is 46407 which is in Gary, IN