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Listing provided courtesy of Weichert, Realtors-Moke AgencyNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 840881MLS Provider

1297-1299 W 15th AvenueGary, IN 46407

Multi-Family · 6 Beds · 2 Full Baths · 0.16 Acres
$97,500 Active

1297-1299 W 15th Avenue Overview

Time on Site:
11 days
Visits:
0

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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1297-1299 W 15th Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: false

Building Information

  • New Construction: false
  • Year Built: 1922

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Logan Park Second Add
  • Township: Calumet

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 1207
  • Tax Assessed Value: 40400
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Other,Conventional
  • Parcel Number: 450809301023000004
  • Pets Allowed: No
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 6

Building Interior

  • Above Grade Finished Area: 996

General Information

  • Appliances: None
  • Basement: false
  • Fireplace: false
  • Heating: None
  • Interior Features: None
  • Levels: Bi-Level
  • Living Area Source: Assessor
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Features: None

Lot Information

  • Additional Parcels: false
  • Lot Features: Back Yard,Rectangular Lot
  • Lot Size Acres: 0.162
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7057
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Sewer: Public Sewer

1297-1299 W 15th Avenue Neighborhood

Community

46407 (Gary) Demographics

39
Median Age
2,572
Population Density (per sq. mile)
19%
College Educated
$22,387
Estimated Median Income
2,042
Estimated Total Home Owners
2,870
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1297-1299 W 15th Avenue Monthly Cost

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$ %
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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1297-1299 W 15th Avenue Market Data

Based on the last 30 days in this zip code

$82,703
Average List Price
$63
Average Price per Square Foot
10
Properties Sold
107
Average Days on Market
85
Properties for Sale
Calculations provided by Reliance Network

1297-1299 W 15th Avenue History

Date Event Value Agent
6/18/2026Source: Northwest Indiana MLS Added to Database
June 18, 2026