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Sold on 02/28/2024

2540 Schrage Ave, Whiting, IN 46394

$92,500

Last sold 02/28/2024 for $92.5K

  • 9

    bed

  • 5

    bath

  • 4,410

    Sqft ($21/Sqft)

Multi-family not for sale
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About 2540 Schrage Ave

Property type Multi-family
Neighborhood
Year built 1914
HOA fee $0/month
Lot size 1,900 Sqft
Movoto estimate
Property description
Well maintained 5 unit building fully rented and ready to make you instant income. Tenant's pay their own utilities and have individual furnaces. Located in Whiting with easy access to industry, parks and recreation, and a short commute to Chicago. Many of the tenants have a long solid rental history and want to stay. Currently all tenants are on a month to month lease.
Listed by
Listing Agent - James Staley
Listing Office - Weichert Realtors - Shoreline
Source: NIRA mls logo
MLS#326672 • last updated 2 years ago
Movoto checked NIRA for data 40 minutes ago
Overview
Heating Forced Air, Individual Unit, Natural Gas
Type Residential Income
SqFt 4410
Status Closed
MLS # 326672
Lot Size (Acres) 0.0436
Lot Size (SqFt) 1900
Year Built 1914
Interior
Total # of Bathrooms 5
# of Full Baths 5
# Bedrooms 9
Total # of Rooms 20
Laundry Common Area
Interior Features Elevator
Appliances Range, Refrigerator
Exterior
Parking Desc Other
# of Parking Spaces 6
Lot Dimensions 19 By 100
Fencing Fenced
Amenities / Utilities
Utilities Sewer Available
Water Source Public
Location
County Lake
Subdivision Whiting
High School District Whiting
Directions Indianapolis Blvd. To Schrage Ave. South To Property
APN 450317101033000000
Multifamily Details
Gross Scheduled Income 26211
Total Rent 25361
Net Operating Income 17766
Gross Income 850
Lot/ Land Details
Road Surface Gravel
$92.5K
Range: $83.2K-$101K
Last 30 days 
  • Feb 2024
    mls logo MLS # 326672
  • Feb 28, 2024 Sold
    $92,500 (-21.6%)
  • Apr 20, 2013 Listed
    $118,000
  • Year Property taxes Tax assessment
  • 2024
    $24 -31.9%
    $2,400 +200.0%
  • 2023
    $35 +46.8%
    $800
  • 2022
    $24 -32.0%
    $800
  • 2021
    $35 +6.6%
    $800
  • 2020
    $33 +37.9%
    $800
  • 2019
    $24 -0.3%
    $800
  • 2018
    $24 +0.1%
    $800
  • 2017
    $24 -90.8%
    $800
  • 2016
    $263
    $800
  • 2015
    $263 -3.7%
    $800
  • 2014
    $273
    —
  • 2540 Schrage Ave
    $92.5K
  • Whiting
    —
  • 46394
    $232K -10% y/y
  • Whiting
    $233K -11% y/y
No chart available
Statistics calculated by Movoto

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6/10
Nathan Hale Elementary School
public Grades PK, K-5
Whiting School City
4/10
Whiting Middle School
public Grades 6-8
Whiting School City
4/10
Whiting High School
public Grades 9-12
Whiting School City
Source: GreatSchools.org © 2026. All rights reserved.

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