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Turnkey Updated Duplex
For Sale
Contact for pricing
Pending

2604 Schrage Avenue, Whiting, IN 46394

Updated turnkey duplex with recent mechanical, plumbing, flooring, and kitchen renovations in both units.

Property SizeContact for details
Days on Market60

Property Features for 2604 Schrage Avenue

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Business Included Yes
Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1917
Tenancy Multi
Listing Agency: @properties
Listed By: Lisa M Reyes · License #IN
Source: Crexi
Added: Jun 19 Changed: Aug 7 Last Checked: Jul 29 at 3:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties

Investment Insights

Based on property information with market context.

This turnkey duplex offers two updated units with a consistent set of improvements. Renovations include new PEX plumbing, new water heaters, and new furnaces, along with luxury vinyl plank flooring and fresh paint throughout. Each unit also features a remodeled kitchen with soft-close shaker cabinets and quartz countertops. Additional exterior upgrades include a new roof and new gutters.

Located in Whiting, Indiana, the property is positioned for convenient access to shopping, dining, schools, major highways, and the lakefront, supporting everyday usability for tenants or an owner-occupant.

Designed for buyers seeking move-in readiness, the duplex’s completed renovations reduce near-term capital concerns commonly associated with older income properties. It may also fit an owner-occupant plan, with the second unit providing an on-site rental option. The seller highlights low property taxes and rental potential when positioning the home for investment or mixed-use living.

Key Highlights

  • Turnkey duplex built in 1917 with both units updated and ready for new ownership
  • Recent renovations in both units: new PEX plumbing, water heaters, and furnaces
  • New luxury vinyl plank flooring and fresh paint throughout both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

Demographics for 46394, IN

11,725
Population
5,437
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
86%
High-School Grad
4.7 sq mi
ZIP Area
2,495
Density / Sq Mi
$66,386
Median Household Income
$41,643
Median Earnings
$970
Median Rent
$162,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Updated turnkey duplex with recent mechanical, plumbing, flooring, and kitchen renovations in both units.
Where is this duplex located?
The property is located at 2604 Schrage Avenue Whiting, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Turnkey duplex built in 1917 with both units updated and ready for new ownership; Recent renovations in both units: new PEX plumbing, water heaters, and furnaces; New luxury vinyl plank flooring and fresh paint throughout both units
More about this property
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