NOT LISTED FOR SALE

1004 Reese Ave Whiting, IN 46394

Estimated Value: $292,000 - $334,386

6 Beds
3 Baths
2,703 Sq Ft
$115/Sq Ft Est. Value

Last Sold November 21, 2023

Last sale price $314,000 $116 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,435/month

35 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Outdoor Storage
  • 1 Car Detached Garage

About This Home

As of November 2023

Attention investors and potential homeowners. Take a look at this well maintained 3 unit, brick building with a 1 1/2 car garage. It is a turnkey property. All units are occupied: Apt. #1, main level, is a 2 bedroom unit that is currently renting for $925.00 per month. Apt. #2, 2nd floor, is a 4 bedroom unit, *very spacious* and renting for $1,200.00 per month. Apt. #3, is a studio on the main level and renting for $595.00 per month.Here are some of the updates throughout the years: copper water lines, pvc plumbing, windows, electrical panels and the roof is approximately 5 years old. The building is situated near restaurants, shopping, lakefront and a close proximity to Illinois. Subject to tenants rights.

Last Agent to Sell the Property

Jovan Vasic

219 Realty, LLC License #RB14046969 Listed on: 08/29/2023

Last Buyer's Agent

Christian Medina

Realty Executives Premier License #RB20000145

Realty Executives Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,632

Year Built

  • Built in 1921

Lot Details

  • 3,250 Sq Ft Lot
  • Lot Dimensions are 26x125

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Brick Foundation

Interior Spaces

  • 2,703 Sq Ft Home
  • Elevator
  • Basement

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Storage
  • Porch

Schools

  • Benjamin Franklin Elementary School

Listing and Financial Details

  • Total Actual Rent $26,868
  • Tenant pays for electricity, gas
  • The owner pays for electricity, gas, sewer, water
  • Assessor Parcel Number 450307134012000023

Community Details

Overview

  • 3 Units
  • Whitesides 01 Add/Whiting Subdivision

Building Details

  • Electric Expense $895
  • Insurance Expense $1,420
  • Supplies Expense $146
  • Water Sewer Expense $1,350
  • New Taxes Expense $4,546
  • Net Operating Income $16,512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,632

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Year Built: 1921
  • Reso Property Sub Type: Triplex
  • Road Surface Type: Asphalt
  • Supplies Expense: 146
  • Co List Office Mls Id: NRA1604
  • Subdivision Name: Whitesides 01 Add/Whiting
  • Garage Yn: Yes
  • WaterExpense: 1350.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space, Partial
  • Flooring: Carpet, Hardwood, Tile
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Acres: 0.0746
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Porch

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached, Off Street

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 26x125
  • Lot Size Sq Ft: 3250
  • Parcel #: 450307134012000023

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Electricity, Gas, Sewer, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 895
  • Insurance Expense: 1420
  • Total Actual Rent: 26868

Tax Info

  • New Taxes Expense: 4546

MLS Schools

  • Elementary School: Benjamin Franklin Elem School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2011
Sold by
North Star Trust Company
Bought by
Ruzich Properties Llc
Current Estimated Value
$310,597
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ruzich Properties Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2023 11/21/23 Sold $314,000 -3.4% $116 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $325,000 -- $120 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $8,632 $241,300 $23,200 $218,100
2023 $4,850 $180,600 $22,000 $158,600
2022 $4,620 $172,400 $22,000 $150,400
2021 $4,453 $164,300 $11,000 $153,300
2020 $4,029 $147,600 $11,000 $136,600
2019 $3,941 $138,000 $11,000 $127,000
2018 $4,119 $132,500 $11,000 $121,500
2017 $4,588 $128,700 $11,000 $117,700
2016 $3,842 $124,900 $11,000 $113,900
2014 $4,060 $129,600 $11,000 $118,600
2013 $2,906 $98,000 $11,000 $87,000
Source: Public Records

Agents Affiliated with this Home

  • Jovan Vasic

    Seller's Agent in 2023

    Jovan Vasic

    219 Realty, LLC

    (219) 614-1248

    1 in this area

    52 Total Sales

    Jovan Vasic
    Section Image

  • C

    Buyer's Agent in 2023

    Christian Medina

    Realty Executives

    (219) 902-8849

    2 in this area

    39 Total Sales

    Christian Medina
    Section Image
  • Alex Nickla

    Buyer Co-Listing Agent in 2023

    Alex Nickla

    Realty Executives

    (219) 510-7199

    6 in this area

    645 Total Sales

    Alex Nickla
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 537482

Northwest Indiana Association of REALTORS®

APN: 45-03-07-134-012.000-023

Indiana Lake County Whiting 46394

1004 Reese Ave, Whiting, IN

This home is located at 1004 Reese Ave, Whiting, IN 46394 since 29 August 2023 and is currently estimated at $310,597, approximately $114 per square foot. This property was built in 1921. 1004 Reese Ave is a home located in Lake County with nearby schools including Benjamin Franklin Elementary School, Eggers Middle School, and Hammond High School.

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.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple 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.

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