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$55,000 -$5,000 (-8.33%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 1 Car Garage
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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!

Full Property Details for 1295 W 16th Ave

General

  • Price: $55,000
  • Taxes: $870 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 834749
  • Updated: 3/17/2026
  • Added to Site: 50 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: None
  • Appliances: None

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage Spaces: 1
  • Parking Features: Alley Access, Off Street, Detached

Location

  • County: Lake
  • Township: Calumet
  • Subdivision: Logan Park Add 02
  • Driving 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 Street. Left (west) on W 16th.

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Heating Type: None

Structural Information

  • Year Built: 1918

Lot Features

  • Lot Size (Acres): 0.1263
  • Lot Size (Sq. Ft.): 5,500
  • Lot Features: Back Yard, Few Trees

Financial Considerations

  • Tax Amount: $870
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: 2ND LOGAN PARK ADD. L.1 BL.4 L.2 BL.4
  • Property ID: 450809302022000004

Listed by Listing Leaders MVPs

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— 1295 W 16th Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1295 W 16th Ave

School District:Gary Community School Corporation
NameGradesDistance
Beveridge Elementary School
1234 Cleveland Street, Gary, IN 46404
K-50.5 mi
Mary M Bethune Early Child Development Center
2367 East 21st Avenue, Gary, IN 46407
PK-2.4 mi
Gary Middle School
301 Parke Street, Gary, IN 46403
6-85.8 mi
West Side Leadership Academy
9th & Gerry St, Gary, IN 46406
9-122.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1295 W 16th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$55,000
-8.33%
MLS
3/02/2026
Listed
$60,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1295 W 16th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,848
—
$10,100
4%
2024
$1,848
96%
$9,700
-9%
2023
$943
-93%
$10,700
91%
2022
$12,827
2647%
$5,600
4%
2020
$467
-55%
$5,400
2%
2019
$1,034
—
$5,300
-4%
2019
$1,034
-14%
$5,500
-73%
2018
$1,200
155%
$20,100
-1%
2017
$471
—
$20,400
-4%
2017
$471
-2%
$21,200
-41%
2016
$482
-36%
$35,700
-10%
2015
$752
—
$39,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1295 W 16th Avenue, Gary, IN 46407 (MLS# 834749) is a Multi-Family property with units containing 4 bedrooms and 2 full bathrooms. 1295 W 16th Avenue is currently listed for $55,000 and was received on March 02, 2026. Want to learn more about 1295 W 16th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Gary? You can browse all Gary real estate or contact a Coldwell Banker agent to request more information.

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