Melissa Yanez
Favela Real Estate, LLC
(219) 240-0461
96 Total Sales
1 in Midtown
$90,000 Price
1226 W 15th Ave Gary, IN 46407
Midtown NeighborhoodEstimated Value: $129,000 - $243,000
4
Beds
3
Baths
2,316
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Deck
- Porch
- Patio
- 2 Car Detached Garage
About This Home
As of March 2024Unlock 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.
Last Agent to Sell the Property
Century 21 Circle License #RB15000011 Listed on: 12/01/2023
Last Buyer's Agent
Michele Cacovski
Century 21 Circle License #RB15000011
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $579
Year Built
- Built in 1918
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 35x125
Parking
- 2 Car Detached Garage
Home Design
- Triplex
Interior Spaces
- Elevator
- Laundry in unit
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deck
- Patio
- Porch
Listing and Financial Details
- Total Actual Rent $18,600
- Tenant pays for electricity, gas
- The owner pays for sewer, water
- Assessor Parcel Number 450809160013000004
Community Details
Overview
- 3 Units
- Smith Bader Davidson Companys Subdivision
Building Details
- Insurance Expense $2,160
- Water Sewer Expense $1,440
- Net Operating Income $14,040
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2023
Closed on
Mar 5, 2024
Sold by
Larock Vincent
Bought by
Seller's Agent
Michele Cacovski
Century 21 Circle
Buyer's Agent
Michele Cacovski
Century 21 Circle
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Views
99
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,675
Avg. Annual Appreciation
5.69%
Original Mortgage
$116,250
Outstanding Balance
$113,162
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$64,731
Purchase Details
Closed on
Aug 12, 2021
Sold by
Joelle Jacques
Bought by
Larock Vincent
Purchase Details
Closed on
Jul 1, 2021
Sold by
County Of Lake
Bought by
Jacques Joelle
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Midtown, IN
-
Melissa Yanez
-
Lisa Gaff
Lisa Gaff
White Hat Realty Group, LLC
(708) 740-2403
312 Total Sales
1 in Midtown
$130,000 Price
-
Jeana Consier
Jeana Consier
Responds QuicklyRealty Executives Premier
(219) 796-0710
116 Total Sales
1 in Midtown
$9,000 Price
-
Justin Hanuscin
Justin Hanuscin
(219) 319-1650
106 Total Sales
10 in Midtown
$25K - $207K Price Range
-
Mark Keene
Mark Keene
(219) 706-4530
74 Total Sales
7 in Midtown
$20K - $118K Price Range
-
Steve Monsma
Steve Monsma
(219) 500-6953
166 Total Sales
5 in Midtown
$33K - $190K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Acuity Title | ||
| Larock Vincent | -- | Sachs And Hess Pc | |
| Jacques Joelle | -- | None Available | |
| Jacques Joelle | -- | Sachs And Hess Pc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $116,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/05/2024 03/05/24 | Sold | $155,000 | -3.1% | $67 / Sq Ft |
| 01/05/2024 01/05/24 | Pending | -- | -- | -- |
| 12/01/2023 12/01/23 | For Sale | $159,900 | -- | $69 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $724 | $147,300 | $5,400 | $141,900 |
| 2024 | $2,090 | $174,700 | $5,400 | $169,300 |
| 2023 | $598 | $23,700 | $5,500 | $18,200 |
| 2022 | $466 | $18,200 | $2,100 | $16,100 |
| 2021 | $471 | $18,400 | $2,100 | $16,300 |
| 2020 | $453 | $17,700 | $2,100 | $15,600 |
| 2019 | $440 | $19,000 | $2,100 | $16,900 |
| 2018 | $561 | $23,600 | $2,100 | $21,500 |
| 2017 | $577 | $23,900 | $2,100 | $21,800 |
| 2016 | $591 | $24,900 | $2,100 | $22,800 |
| 2014 | $271 | $11,600 | $2,500 | $9,100 |
| 2013 | $256 | $11,400 | $2,600 | $8,800 |
Source: Public Records
Agents Affiliated with this Home
-
Michele Cacovski
Seller's Agent in 2024
Michele Cacovski
Century 21 Circle
(219) 730-1091
6 in this area
33 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 542343
APN: 45-08-09-160-013.000-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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