$465,000
SOLD NOV 5, 2025

2120 Schrage Ave Whiting, IN 46394

-- Bed
-- Bath
5,902 Sq Ft
1,960 Sq Ft Lot

Recently Sold

$79 Per Sq Ft

2% Below List Price

19 Days on Market

Highlights

  • City View
  • No HOA
  • 4 Car Garage
  • Corner Lot
  • Forced Air Heating System

About This Home

As of November 2025

Rare brick 4-unit property on a desirable corner lot in Whiting, offering a unique combination of stability and value-add potential. Three units are currently occupied by long-term tenants, while the spacious potential owner's unit is vacant and recently updated, providing an excellent opportunity for either owner-occupancy or additional rental income. The property also features a large 4-car garage that is currently vacant, giving the new owner flexibility to use for personal storage, tenant parking, or as an additional income stream. Recent improvements include a new roof installed in 2022 and all new windows within the last five years, along with reliable infrastructure featuring all copper plumbing and PVC drains. With its prime location and clear room to add value, this is a rare investment opportunity that won't last.

Last Agent to Sell the Property

Michael Scanlon

eXp Realty, LLC License #RB20000834 Listed on: 09/14/2025

eXp Realty, LLC

Last Buyer's Agent

Melissa Rivera

Realty Executives Premier License #RB20000831

Realty Executives Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,070

Year Built

  • Built in 1902

Lot Details

  • 1,960 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Garage

Property Views

  • City
  • Neighborhood

Interior Spaces

  • 5,902 Sq Ft Home
  • 2-Story Property
  • Aluminum Window Frames
  • Basement

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for common area maintenance, water, trash collection, taxes, sewer, snow removal, roof maintenance, repairs, HVAC maintenance, exterior maintenance
  • Rent includes sewer, water, trash collection
  • Assessor Parcel Number 450308301016000025

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Forsyth's Terminal Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $1,596
  • Trash Expense $600
  • Water Sewer Expense $600
  • Gross Income $49,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,070

Year Built

Built in 1902

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Year Built: 1902
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Corner Lot
  • Reso View: City, Neighborhood
  • Co List Office Mls Id: NRA1768
  • Subdivision Name: Forsyth's Terminal
  • Above Grade Finished Sq Ft: 5902
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Garage(s)
  • ResoWindowFeatures: Aluminum Frames
  • WaterExpense: 600.00
  • SewerExpense: 500.00
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Other
  • Basement: Sump Pump, Unfinished
  • Basement YN: Yes

Exterior Features

  • Exterior Features: None
  • Acres: 0.045
  • Waterfront: No
  • Reso Roof: Other

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Garage Faces Side

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 600

Lot Info

  • Lot Size Sq Ft: 1960
  • Additional Parcels: No
  • Parcel #: 450308301016000025

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Sewer, Snow Removal, Roof Maintenance, Repairs, HVAC Maintenance, Exterior Maintenance

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3070

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 49200
  • Insurance Expense: 1596

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2025
Closed on
Nov 4, 2025
Sold by
Daumer Rodney Lee
Bought by
Reed Rico
Seller's Agent
Michael Scanlon
eXp Realty, LLC
Buyer's Agent
Melissa Rivera
Realty Executives Premier
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-52.77%
Original Mortgage
$410,000
Outstanding Balance
$410,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$27,919

Purchase Details

Closed on
Apr 14, 2005
Sold by
Gibson Robert
Bought by
Daumer Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.06%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Personal Reps Deed -- Chicago Title Insurance Compan
Warranty Deed -- Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $410,000 New Conventional
Previous Owner $136,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 Sold $465,000 -2.1% $79 / Sq Ft
10/03/2025 10/03/25 Pending -- -- --
09/14/2025 09/14/25 For Sale $475,000 -- $80 / 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 $6,762 $150,900 $23,700 $127,200
2023 $2,990 $153,500 $23,700 $129,800
2022 $2,990 $149,500 $18,900 $130,600
2021 $2,778 $138,900 $18,900 $120,000
2020 $2,428 $121,400 $18,900 $102,500
2019 $2,428 $121,400 $18,900 $102,500
2018 $2,436 $121,400 $18,900 $102,500
2017 $2,404 $119,700 $18,900 $100,800
2016 $2,348 $116,700 $18,900 $97,800
2014 $2,565 $120,000 $18,900 $101,100
2013 $2,515 $117,400 $18,900 $98,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Scanlon

    Seller's Agent in 2025

    Michael Scanlon

    eXp Realty, LLC

    (773) 630-9205

    1 in this area

    772 Total Sales

    Michael Scanlon
    Section Image
  • Melissa Rivera

    Buyer's Agent in 2025

    Melissa Rivera

    Realty Executives

    (219) 614-2411

    2 in this area

    70 Total Sales

    Melissa Rivera
    Section Image
  • Jodi Gheaja

    Buyer Co-Listing Agent in 2025

    Jodi Gheaja

    Realty Executives

    (219) 771-5634

    3 in this area

    364 Total Sales

    Jodi Gheaja
    Section Image
See All Agents

Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 827750

Northwest Indiana Association of REALTORS®

APN: 45-03-08-301-016.000-025

Indiana Lake County Whiting 46394

2120 Schrage Ave, Whiting, IN

Sold

MultiFamily

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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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