1297-1299 W 15th Avenue

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Address: 1297 W 15th Ave, Gary, IN 46407, USA
Chicago & Midwest + Apartment Buildings
Created date: June 30, 2026
Date last updated: September 16, 2026
Price: $97,500Investment Analyzer NEW!

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $97,500
Year Built: 1922
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 2
Address: 1297-1299 W 15th Avenue, Gary, IN 46407, USA
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Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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