Unlock the potential with this Multi unit 3 unit building for increased returns with this unique investment opportunity! In this multi-unit building, the owner resides in the main unit, presenting a rare chance to maximize rental income (as no rental income is currently brought in from the main floor unit). As the owner occupies their space, there's an opportunity to capitalize on this by renting out that unit for additional rental income, providing an additional stream of revenue for savvy investors. All units are on their own gas and electric meters. Plumbing is all new with pex, and all electrical has been updated. Every unit has a new furnace and hot water heater. 1 studio apartment in the lower level, 2 bedrooms and 1 bath on the main level and 1 bedroom 1 bathroom upstairs.
Closed
$155,000
1226 W 15th Ave, Gary, IN 46407
4beds
2,316sqft
Triplex
Built in 1918
-- sqft lot
$164,800 Zestimate®
$67/sqft
$1,221 Estimated rent
Home value
$164,800
$140,000 - $190,000
$1,221/mo
Zestimate® history
Owner options
List your home for rent
$1,221/mo
Rent Zestimate®
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$1,221/mo
Rent Zestimate®
Refinance and save
$1,022/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,022/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michele Cacovski,
Century 21 Circle 219-661-3000
Bought with:
Michele Cacovski, RB15000011
Century 21 Circle
Source: NIRA as distributed by MLS GRID,MLS#: 542343
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: In Unit, Other
Features
- Elevator
- Basement: Full
Interior area
- Total structure area: 2,316
- Total interior livable area: 2,316 sqft
- Finished area above ground: 2,316
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Patio & porch: Deck, Patio, Porch
- Frontage length: 35
Lot
- Size: 4,356 sqft
- Dimensions: 35 x 125
Details
- Parcel number: 450809160013000004
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Gary
- Subdivision: Smith Bader Davidson Companys
HOA & financial
Other financial information
- Total actual rent: 18600
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2024 | Sold | $155,000-3.1%$67/sqft |
Source:  NIRA as distributed by MLS GRID #542343 Report a problem | ||
| 12/1/2023 | Listed for sale | $159,900+1583.2%$69/sqft |
Source: NIRA as distributed by MLS GRID #542343 Report a problem | ||
| 6/17/2004 | Sold | $9,500$4/sqft |
Source: NIRA as distributed by MLS GRID #105487 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,382 +633.2% | $147,300 -15.7% |
| 2024 | $598 +28.2% | $174,700 +637.1% |
| 2023 | $466 -1.1% | $23,700 +30.2% |
| 2022 | $471 +4% | $18,200 -1.1% |
| 2021 | $453 +19.3% | $18,400 +4% |
| 2020 | $380 -32.2% | $17,700 -6.8% |
| 2019 | $561 -2.8% | $19,000 -19.5% |
| 2018 | $577 +158.1% | $23,600 -1.3% |
| 2017 | $223 | $23,900 -4% |
| 2016 | $223 -17.7% | $24,900 +114.7% |
| 2014 | $271 +6% | $11,600 +1.8% |
| 2013 | $256 -4% | $11,400 -0.9% |
| 2012 | $267 +2.1% | $11,500 +5.5% |
| 2011 | $261 -4.9% | $10,900 -0.9% |
| 2010 | $275 | $11,000 -70.3% |
| 2009 | -- | $37,000 -31.9% |
| 2007 | -- | $54,300 +437.6% |
| 2006 | -- | $10,100 -74.5% |
| 2005 | -- | $39,600 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 4/10Beveridge Elementary SchoolGrades: K-5Distance: 0.5 mi
- 3/10Gary Middle SchoolGrades: 6-8Distance: 5.7 mi
- 1/10West Side Leadership AcademyGrades: 9-12Distance: 2.9 mi
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- Indiana
- Lake County
- Gary
- 46407
- Midtown
- 1226 W 15th Ave
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