1305 W Fred St Whiting, IN 46394
Estimated payment $2,958/month
Highlights
- City View
- No HOA
- Forced Air Heating System
- Wood Flooring
- Covered patio or porch
- Hot Water Heating System
About This Home
We are pleased to present 1305 Fred St, a well-maintained brick multifamily property consisting of four 2-bedroom, 1-bath units. Located just 20 miles southeast of downtown Chicago, this asset combines a small-town feel with convenient access to urban amenities, including the annual Pierogi Festival, local beaches, and downtown Whiting.Built to provide stable rental income with minimal upgrades required, the property features tenants responsible for their own electricity and heating, ensuring low operating costs. The strong local economy is supported by major employers such as BP's Whiting Refinery, which helps maintain consistent rental demand.1305 Fred St offers investors immediate cash flow potential and long-term value creation in a safe, growing market. We invite you to review this opportunity to acquire a solid income-producing asset that is ideal for expanding or beginning a multifamily portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,352
Year Built
- Built in 1908
Interior Spaces
- 2,481 Sq Ft Home
- 2-Story Property
- City Views
- Basement
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Utilities
- No Cooling
- Forced Air Heating System
- Hot Water Heating System
Additional Features
- Covered patio or porch
- 3,812 Sq Ft Lot
Listing and Financial Details
- The owner pays for exterior maintenance, water, trash collection, taxes, snow removal, sewer, roof maintenance, repairs, pest control, management, insurance, HVAC maintenance, grounds care
- Rent includes management, trash collection, water, sewer
- Assessor Parcel Number 450307253039000025
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Davidsons Fred St Add Subdivision
Pet Policy
- No Pets Allowed
Building Details
- Insurance Expense $1,700
- Maintenance Expense $2,648
- Manager Expense $2,648
- Trash Expense $960
- Water Sewer Expense $1,116
- New Taxes Expense $4,272
- Gross Income $52,958
- Net Operating Income $37,215
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $469,000 | +168.0% | $189 / Sq Ft |
| 11/29/2016 11/29/16 | Sold | $175,000 | +23233.3% | $32 / Sq Ft |
| 10/30/2016 10/30/16 | Pending | -- | -- | -- |
| 09/09/2016 09/09/16 | Sold | $750 | 0.0% | $1 / Sq Ft |
| 09/02/2016 09/02/16 | Pending | -- | -- | -- |
| 08/15/2016 08/15/16 | For Sale | $750 | -99.6% | $1 / Sq Ft |
| 05/04/2016 05/04/16 | For Sale | $175,000 | +24900.0% | $32 / Sq Ft |
| 08/24/2014 08/24/14 | Sold | $700 | 0.0% | $1 / Sq Ft |
| 07/25/2014 07/25/14 | Pending | -- | -- | -- |
| 07/11/2014 07/11/14 | For Sale | $700 | -6.7% | $1 / Sq Ft |
| 09/13/2013 09/13/13 | Sold | $750 | 0.0% | $1 / Sq Ft |
| 09/13/2013 09/13/13 | Pending | -- | -- | -- |
| 05/20/2013 05/20/13 | For Sale | $750 | -- | $1 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 823201
APN: 45-03-07-253-039.000-025
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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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