NOT LISTED FOR SALE

2120 Schrage Ave Whiting, IN 46394

Estimated Value: $437,000 - $504,000

Studio
-- Bath
5,902 Sq Ft
$80/Sq Ft Est. Value

Sale Details

Date Sold: November 5, 2025

Last sale price $465,000 $79 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,027 / mo

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

Home Design

  • Quadruplex

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

1,960 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2025
Closed on
Nov 4, 2025
Sold by
Bought by
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
Current Estimated Value
$471,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,642
Avg. Annual Appreciation
2.31%
Original Mortgage
$410,000
Outstanding Balance
$410,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$61,642

Purchase Details

Closed on
Apr 14, 2005
Sold by
Bought by

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
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Insurance Compan
-- Chicago Title Insurance Comp
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $410,000
Previous Owner $136,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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®

Agents Affiliated with this Home

  • Michael Scanlon

    Seller's Agent in 2025

    Michael Scanlon

    eXp Realty, LLC

    (773) 630-9205

    1 in this area

    980 Total Sales

    Michael Scanlon
    Section Image
  • Melissa Rivera

    Buyer's Agent in 2025

    Melissa Rivera

    Realty Executives

    (219) 614-2411

    2 in this area

    69 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

    385 Total Sales

    Jodi Gheaja
    Section Image
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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

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Northwest Indiana Association of REALTORS® All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Copyright 2026 Multiple 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.
Listings courtesy of Northwest Indiana Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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