1297-1299 W 15th Avenue, Gary, IN 46407

Building Details

Year Built

1922

Listing office Weichert Realtors Crown Point

Listing date Jun 19, 2026

Source Crexi

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Overview

This bi-level duplex is set up with two separate units: one upper and one lower. The property is being sold as-is where is, making it well suited for buyers who plan to complete renovation and updates. The current offering is positioned for investors, flippers, or buyers looking to take on light-to-moderate improvements as part of their plan.

The duplex is located in Gary, Indiana, and is described as being just minutes from major highways and commuter routes. The remarks also note redevelopment activity in the surrounding region, along with proximity to regional growth and revitalization initiatives.

From a practical standpoint, this is a straightforward two-unit residential income asset for those who want to manage two rental spaces within one building. The seller-provided projections indicate approximately $1,200 per month per unit, for an estimated $28,800 in gross annual income. Financing is noted as cash or renovation financing preferred, with hard money welcomed, aligning the property with buyers who can move quickly and fund improvements. Interested parties should confirm details through due diligence, including condition and the scope of updates needed.

Suggested Use

Real Estate Agency Hotel & Motel Nursing Home Big Box & Wholesale Store Gym & Fitness Center Cafe & Coffee Shop Nursing Home Travel Agency Tech Support Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Gary

County

Lake

State

Indiana

Longitude

-87.3538389

Latitude

41.5876484

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FAQs

What type of property is this?

Duplex - Bi-level duplex with upper and lower units, offered as-is, suited for investors or owner-occupants seeking renovation value.

Where is this duplex located?

The property is located at 1297-1299 W 15th Avenue Gary, IN.

What is the asking price?

The asking price for this property is $97,500.

What are key features of this property?

This property features: Bi‑level duplex built in 1922 with an upper and a lower unit; Two‑unit layout (upper and lower) offers rental income potential; Projected rents of approximately $1,200 per month per unit for potential $28,800 gross annual income