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$465,000
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Property Description
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.
Full Property Details
Full Property Details for 2120 Schrage Ave
General
- Sold For: $465,000
- Taxes: $3,070 (2023)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 827750
- Added to Site: 123 day(s) ago
Interior
- Interior Features: Other
- Appliances: Range, Refrigerator
Exterior
- Exterior Features: None
Parking
- Garage Spaces: 4
- Parking Features: Garage Faces Side
Location
- County: Lake
- Township: North
- Subdivision: Forsyth's Terminal
- Driving Directions: Take highway 20 to Steiber st and head east until Steiber meets Schrage. The property is located at the corner of Steiber and Schrage.
Community
- Pets Allowed: Yes
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Year Built: 1902
Lot Features
- Lot Size (Acres): 0.045
- Lot Size (Sq. Ft.): 1,960
- Lot Features: Corner Lot
Financial Considerations
- Tax Amount: $3,070
- Tax Year: 2023
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: FORSYTH'S TERMINAL SUBDIV. LOT 10 PT. W. OF LOT 10 LOT 1 & VACATED ALLEY ADJ.
- Property ID: 450308301016000025
Listed by eXp Realty, LLC
Sold by Realty Executives Premier
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Schools
Schools serving 2120 Schrage Ave
School District:Whiting School City
| Name | Grades | Distance |
|---|---|---|
Nathan Hale Elementary School, Whiting, IN 1831 Oliver Street, Whiting, IN 46394 | PK-5 | 0.4 mi |
Whiting Middle School 1800 New York Avenue, Whiting, IN 46394 | 6-8 | 0.5 mi |
Whiting High School 1751 Oliver Street, Whiting, IN 46394 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2120 Schrage Ave
Date
Details
Price
Change
Source
11/05/2025
Sold
$465,000
-2.11%
MLS
9/14/2025
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2120 Schrage Avenue, Whiting, IN 46394 (MLS# 827750) is a Multi-Family property that was sold at $465,000 on November 05, 2025. Want to learn more about 2120 Schrage Avenue? Do you have questions about finding other Multi-Family real estate for sale in Whiting? You can browse all Whiting real estate or contact a Coldwell Banker agent to request more information.

