$299,900

106 W Grace St Rensselaer, IN 47978

Estimated payment $1,680/month

8 Beds
5 Baths
3,960 Sq Ft
$76 Price per Sq Ft

Highlights

  • City View
  • Corner Lot
  • Forced Air Heating System
  • Van Rensselaer Elementary School Rated 9+
  • No HOA
  • Carpet

About This Home

Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units--each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.

Listing Agent

James Taulman

Stucker Realty, Inc. License #RB14038382 Listed on: 11/11/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,228

Year Built

  • Built in 1948

Home Design

  • Metal Roof

Interior Spaces

  • 3,960 Sq Ft Home
  • 2-Story Property
  • City Views
  • Microwave
  • Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for electricity, water, trash collection, taxes, sewer, repairs, insurance, gas
  • Rent includes electricity, water, trash collection, sewer, gas
  • Assessor Parcel Number 370730011017019027

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Benj Add Subdivision

Building Details

  • Gross Income $34,800

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,228

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1948
  • Reso Property Sub Type: Apartment
  • ResoLotFeatures: Corner Lot
  • Reso View: City
  • Co List Office Mls Id: NRA1207
  • Subdivision Name: Benj Add
  • Above Grade Finished Sq Ft: 3960
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Refrigerator, Range
  • Interior Amenities: None
  • Basement: Full, Unfinished, Sump Pump
  • Flooring: Carpet, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 8

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.198
  • Waterfront: No
  • Reso Roof: Metal

Garage/Parking

  • Parking Features: Gravel, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Individual Units
  • Heating: Central, Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Water, Trash Collection, Sewer, Gas
  • Association: No

Schools

  • Junior High Dist: Rensselaer Central

Lot Info

  • Lot Size Sq Ft: 8625
  • Additional Parcels: No
  • Parcel #: 370730011017019027
  • Zoning Description: Business

Rental Info

  • Pets Allowed: Number Limit
  • Tenant Pays: Electricity
  • Owner Pays: Electricity, Water, Trash Collection, Taxes, Sewer, Repairs, Insurance, Gas

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1228

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 34800

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 For Sale $299,900 -- $76 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Source: Northwest Indiana Association of REALTORS®

MLS Number: 830642

Northwest Indiana Association of REALTORS®
Indiana Jasper County Rensselaer 47978

106 W Grace St, Rensselaer, IN

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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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James Taulman
Listing Agent
James Taulman
Section Image
Stucker Realty, Inc.
(219) 257-0029