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1295 W 16th Avenue Gary, IN $ 50,000
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$ 50,000 Get more info
1295 W 16th Avenue
$ 50,000
Back to search
Share Save

1295 W 16th Avenue

Gary, IN, 46407
$ 50,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 308

1295 W 16th Avenue, Gary, IN 46407 - Image 1
1295 W 16th Avenue, Gary, IN 46407 - Image 2
1295 W 16th Avenue, Gary, IN 46407 - Image 3
1295 W 16th Avenue, Gary, IN 46407 - Image 4
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1295 W 16th Avenue, Gary, IN 46407 - Image 8
1295 W 16th Avenue, Gary, IN 46407 - Image 9

Multi-Family Home for sale in Gary, IN

for $50,000 with 4 bedrooms and 2 full baths. This home was built in 1918 on a lot size of 0.1263.

MOTIVATED SELLER willing to negotiate! Fantastic investment opportunity or Ideal for buyers looking to offset their mortgage with rental income. This 3-unit property offers excellent income potential for the savvy buyer. With a little TLC and elbow grease, this multi-unit can become a strong cash-flowing asset or owner-occupied income property. Spacious layout with solid bones and plenty of upside. Bring your vision and unlock the possibilities!

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Multi-Family Active

Price

$ 50,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 870

Style

Triplex

Lot Size

0.1263

Year Built

1918

Town/City

Gary

County/Region

Lake

MLS | Web ID

834749
Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 1512
Total Bedrooms 4
Total Baths 2
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General
Sewer Public Sewer
Heating None
Utilities Electricity Available Water Available Sewer Available Natural Gas Available
Appliances None
Garage Spaces 1
Pets Allowed Yes
Year Built 1918
Township Calumet
Levels Two
Property Subtype Triplex
Tax Year 2024
County Lake
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Logan Park Add 02
Garage Y/N Y
Total Rooms 10
Full Baths 2
Status Active
Directions From Interstate 65 (northbound or southbound) Take Exit for 15th Avenue (Exit 261) in Gary. Follow 15th Avenue west into the west side of Gary. Turn right (north) on Broadway (SR 53) or Massachusetts
High School West Side Leadership Academy
City Gary
Lot Size Square Feet 5500
Listing Terms Cash Conventional
Tax Annual Amount 870
Property Condition Fixer
Standard Status Active
Tax Assessed Value 9700
Legal Description 2ND LOGAN PARK ADD. L.1 BL.4 L.2 BL.4
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Exterior
Parking Features Alley Access Off Street Detached
Lot Features Back Yard Few Trees
Water Source Public
Lot Size Acres 0.1263
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Kevin Rawls

Listing Agent

Listing Leaders Mvps

Broker

rawlskevin8302@gmail.com

Email

Affordability Calculator

$380
Per Month
81%
19%
0%
Monthly Principal & Interest
$308
Monthly Property Taxes
$73
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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
5400568 Elementary School
5400567 Middle School
West Side Leadership Academy High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/14/2026$50,000 -9.09% Price Down
3/17/2026$55,000 -8.33% Price Down
3/2/2026$60,000 Listed Price

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1295 W 16th Avenue, Gary, IN, 46407 is a Multi-Family Home for sale at $50,000 with a lot size of 0.1263. 1295 W 16th Avenue has 4 bedrooms, 2.0 baths, and was built in 1918. The property's zip code is 46407 which is in Gary, IN

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