Bi-Level Duplex With Two
For Sale
Contact for pricing
1297-1299 W 15th Avenue, Gary, IN 46407
Bi-level duplex with upper and lower units, offered as-is, suited for investors or owner-occupants seeking renovation value.
Property SizeContact for details
Days on Market135
Property Features for 1297-1299 W 15th Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1922
Stories
2
Listing Agency:
Weichert Realtors Crown Point
Listed By:
Dennis Nichols · License #IN RB20001421
(219) 257-2800
Source:
Crexi
Added: Jun 19
Changed: Oct 30
Last Checked: Oct 30 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors Crown Point
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Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
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Business Placement
Demographics for 46407, IN
9,862
Population
6,644
Households
1.5
Avg Household Size
39
Median Age
11%
College-Educated
81%
High-School Grad
4.2 sq mi
ZIP Area
2,348
Density / Sq Mi
$25,551
Median Household Income
$28,504
Median Earnings
$807
Median Rent
$55,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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
