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2120 Schrage Avenue, Whiting, IN

$475,000

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0.05

Acres

About 2120 Schrage Avenue

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.

Features of 2120 Schrage Avenue

MLS® # 827750
Price $475,000
Bathrooms 0.00
Acres 0.05
Year Built 1902
Type Residential Income
Sub-Type Quadruplex
Status Pending

Community Information

Address 2120 Schrage Avenue
Subdivision Forsyth's Terminal
City Whiting
County Lake
State IN
Zip Code 46394

Amenities

Parking Garage Faces Side
# of Garages 4
Is Waterfront No
Has Pool No

Interior

Interior Features Other
Appliances Range, Refrigerator
Heating Forced Air
Fireplace No
Has Basement Yes
Basement Sump Pump, Unfinished

Exterior

Exterior Features None
Lot Description Corner Lot

Additional Information

Date Listed September 14th, 2025
Foreclosure No
Short Sale No

Listing Details

AgentMichael Scanlon
OfficeeXp Realty, LLC

Listing Map

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