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$97,500
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Property Description
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.
Full Property Details
Full Property Details for 1297-1299 W 15th Ave
General
- Price: $97,500
- Taxes: $1,207 (2025)
- Status: Active
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 840881
- Updated: 6/18/2026
- Added to Site: 15 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: None
Location
- County: Lake
- Township: Calumet
- Subdivision: Logan Park Second Add
- Driving Directions: Burr to 15th Ave, turn east property on south side of street
Heating & Cooling
- Heating Type: None
Structural Information
- Year Built: 1922
Lot Features
- Lot Size (Acres): 0.162
- Lot Size (Sq. Ft.): 7,057
- Lot Features: Back Yard, Rectangular Lot
Financial Considerations
- Tax Amount: $1,207
- Tax Year: 2025
- Terms: Cash, Other, Conventional
Disclosures and Reports
- Legal Description: LOGAN PARK SECOND ADD BLOCK 3 LOTS 1 & 2
- Property ID: 450809301023000004
Listed by Weichert, Realtors-Moke Agency
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Price & Sales History for 1297-1299 W 15th Ave
Date
Details
Price
Change
Source
6/18/2026
Listed
$97,500
19400%
MLS
9/26/2019
Sold
$500
—
Public Record
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
Tax History for 1297-1299 W 15th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,129
—
$45,400
12%
2024
$1,129
-69%
$40,400
-2%
2023
$3,624
217%
$41,100
37%
2022
$1,145
-51%
$30,100
8%
2020
$2,344
427%
$27,800
5%
2019
$445
—
$26,600
-7%
2019
$445
-65%
$28,600
-20%
2018
$1,282
131%
$35,800
-2%
2017
$555
—
$36,500
-4%
2017
$555
-3%
$38,000
2%
2016
$571
49%
$37,200
-9%
2015
$382
-55%
$41,100
-26%
2013
$850
-4%
$55,400
-1%
2012
$883
—
$55,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1297-1299 W 15th Ave
1297-1299 W 15th Avenue, Gary, IN 46407 (MLS# 840881) is a Multi-Family property with units containing 6 bedrooms and 2 full bathrooms. 1297-1299 W 15th Avenue is currently listed for $97,500 and was received on June 18, 2026. Want to learn more about 1297-1299 W 15th 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.

