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Sold on 02/04/2025

1224 W 15th Ave, Gary, IN 46407

  • $167,000

    Last sold 02/04/2025 for $162K

  • 8

    bed

  • —

    bath

Multi-family not for sale
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About 1224 W 15th Ave

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Property description
MOTIVATED SELLER **** CASH FLOWING RENTAL, EVEN WITH ONE UNIT CURRENTLY NOT RENTED!Attention investors! Excellent rental with numerous recent updates...2 of 3 units currently rented. Third unit is ready to go. Live in one unit and rent the other 2!Current tenants have been in place for over 2 years. Please see below for current rents.Two 3 bedroom apartments on main and upper levels. One 2 bedroom apartment on basement level. Owner pays only water...separate electric/gas meters for each unit. Add this rental property to your investment portfolio today!
Listed by
Listing Agent - Jennifer L. Luce
Listing Office - Realty Executives Premier
Source: NIRA mls logo
MLS#813911 • last updated 1 year ago
Movoto checked NIRA for data 8 minutes ago
Overview
Heating Forced Air, Natural Gas
Levels/Style Three Or More
Type Residential Income
SubType Triplex
Status Closed
MLS # 813911
Lot Size (Acres) 0.1
Lot Size (SqFt) 4356
Property Tax 623
Year Built 1920
Interior
# of Full Baths 3
# Bedrooms 8
Total # of Rooms 11
Laundry Common Area
Interior Features See Remarks
Appliances Range, Refrigerator
Exterior
Parking Desc Driveway
Exterior Features None
Lot Dimensions 32 X 125
Lot Desc See Remarks
Amenities / Utilities
Water Source Public
Pets Allowed Call
Pool None
Security Features See Remarks
Location
County Lake
Subdivision Nonen
APN 450809160014000000
Multifamily Details
Owner Pays See Remarks, Water
Expense: Operating 6000
Net Operating Income 25400
$167K
Range: $146K-$187K
Last 30 days 
  • Feb 2025
    mls logo MLS # 813911
  • Feb 4, 2025 Sold
    $162,000 (-14.7%)
  • Jan 20, 2025 Active
    —
  • Dec 18, 2024 Price Change
    $189,900 (+5.6%)
  • Dec 18, 2024 Price Change
    $179,900 (-9.6%)
  • Dec 9, 2024 Listed
    $199,000 (+32.8%)
  • Aug 2023
    mls logo MLS # 534110
  • Aug 7, 2023 Active
    —
  • Jul 26, 2023 Listed
    $149,900 (-20.7%)
  • Sep 2022
    mls logo MLS # 515102
  • Sep 23, 2022 Deal Fell Through
    —
  • Sep 13, 2022 Active Undr Contract
    —
  • Jul 12, 2022 Listed
    $189,000
  • 1224 W 15th Ave
    $162K
  • Midtown
    $38.9K -62% y/y
  • 46407
    $55K -38% y/y
  • Gary
    $125K -7% y/y
No chart available
Statistics calculated by Movoto

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3/10
Beveridge Elementary School
public Grades K-5
Gary Community School Corp
3/10
Gary Middle School
public Grades 6-8
Gary Community School Corp
1/10
West Side Leadership Academy
public Grades 9-12
Gary Community School Corp
Source: GreatSchools.org © 2026. All rights reserved.

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