$390,000
SOLD JUL 16, 2024

1242 121st St Whiting, IN 46394

7 Beds
4 Baths
3,072 Sq Ft
3,742 Sq Ft Lot

Recently Sold

$127 Per Sq Ft

1% Above List Price

222 Days on Market

About This Home

As of July 2024

Fully leased 4 unit building. Three large 2 bedroom apartments and one 1 bedroom apartment. Two of the four units completely renovated. Major recent carpex with windows replaced with high quality vinyl just 2 months ago and it has a 5 year warranty in the entire building. Newer roof as well. Spacious, attractive units on quiet residential street in Whiting. Close to reinvigorated downtown Whiting and easy access to the expressway and Skyway, This renters paradise just steps from Lake George waterfront and trail and minutes from Whiting Lakefront Park. Perfect location for those commuting to Chicago suburbs, Gary, Hammond and Munster. Individual radiant heat for each unit. Tenants pay gas and electric. Low expenses and great net income.

Last Agent to Sell the Property

Michael Dailey

Listing Leaders License #RB22000487 Listed on: 10/01/2023

Last Buyer's Agent

Michael Dailey

Listing Leaders Advantage, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,027

Year Built

  • Built in 1923

Lot Details

  • 3,742 Sq Ft Lot
  • Lot Dimensions are 30x125

Parking

  • 2 Parking Spaces

Home Design

  • Brick Foundation

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Carpet
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony

Listing and Financial Details

  • Total Actual Rent $44,280
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 450307401016000023

Community Details

Overview

  • 4 Units
  • Citizens Co Add 01 Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $1,282
  • Maintenance Expense $5,027
  • Trash Expense $1,020
  • Water Sewer Expense $1,176
  • Net Operating Income $35,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,027

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1923
  • Road Surface Type: Gravel
  • Income And Expenses Maintenance Expense: 5027
  • Co List Office Mls Id: NRA2182
  • Subdivision Name: Citizens Co Add 01
  • Above Grade Finished Sq Ft: 3072
  • Garage Yn: No
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement: Crawl Space
  • Flooring: Carpet
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Balcony
  • Acres: 0.0859
  • Construction Type: Brick

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 2

Utilities

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

Fee Information

  • Trash Expense: 1020

Lot Info

  • Lot Dimensions: 30x125
  • Lot Size Sq Ft: 3742
  • Parcel #: 450307401016000023

Rental Info

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

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5027

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1282
  • Total Actual Rent: 44280

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2023
Closed on
Jul 11, 2024
Sold by
Vora Salman
Bought by
Simple Services Investments Llc
Seller's Agent
Michael Dailey
Listing Leaders
Buyer's Agent
Michael Dailey
Listing Leaders
List Price
$385,000
Sold Price
$390,000
Premium/Discount to List
$5,000
1.3%
Views
734
Current Estimated Value
$384,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,553
Avg. Annual Appreciation
-5.58%
Original Mortgage
$312,000
Outstanding Balance
$309,639
Interest Rate
6.99%
Mortgage Type
Credit Line Revolving
Estimated Equity
$60,092

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jul 1, 2022
Sold by
Stamiris Nick V
Bought by
Vora Salman
Seller's Agent
Jimmy Karalis
JK Pro Realty, LLC
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.49%

Purchase Details

Closed on
Nov 29, 2021
Sold by
Christina Loxas
Bought by
Stamiris Nick V
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $390,000 Chicago Title
Warranty Deed -- Drake Andrew R
Warranty Deed -- Kirsch Thomas L
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $312,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $390,000 0.0% $127 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
04/09/2024 04/09/24 Off Market $390,000 -- --
04/09/2024 04/09/24 For Sale $385,000 0.0% $125 / Sq Ft
10/01/2023 10/01/23 For Sale $385,000 +54.0% $125 / Sq Ft
07/05/2022 07/05/22 Sold $250,000 0.0% $81 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $250,000 -- $81 / 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 $12,011 $221,200 $14,600 $206,600
2023 $4,540 $251,300 $14,600 $236,700
2022 $4,540 $169,400 $14,000 $155,400
2021 $4,277 $157,800 $14,000 $143,800
2020 $4,136 $151,500 $14,000 $137,500
2019 $4,716 $143,400 $14,000 $129,400
2018 $4,519 $138,400 $14,000 $124,400
2017 $4,937 $135,200 $14,000 $121,200
2016 $4,347 $137,600 $14,000 $123,600
2014 $4,160 $132,800 $14,000 $118,800
2013 $3,887 $131,100 $14,000 $117,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Dailey

    Listing Leaders

    (773) 572-0880

    1 in this area

    31 Total Sales

    Michael Dailey
    Section Image
  • Jimmy Karalis

    Seller's Agent in 2022

    Jimmy Karalis

    JK Pro Realty, LLC

    (219) 712-1567

    1 in this area

    122 Total Sales

    Jimmy Karalis
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 540120

Northwest Indiana Association of REALTORS®

APN: 45-03-07-401-016.000-023

Indiana Lake County Whiting 46394

1242 121st St, Whiting, IN

This home is located at 1242 121st St, Whiting, IN 46394 and is currently priced at $390,000, approximately $126 per square foot. This property was built in 1923. 1242 121st St is a home located in Lake County with nearby schools including Nathan Hale Elementary School, Whiting Middle School, and Whiting 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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