- 8 beds
- 4 baths
- – sqft
- 3,812 sqft lot
- 1908 build
- – on site
We are pleased to present 1305 Fred St, a well-maintained brick multifamily property consisting of four 2-bedroom, 1-bath units. Located just 20 miles southeast of downtown Chicago, this asset combines a small-town feel with convenient access to urban amenities, including the annual Pierogi Festival, local beaches, and downtown Whiting.Built to provide stable rental income with minimal upgrades required, the property features tenants responsible for their own electricity and heating, ensuring low operating costs. The strong local economy is supported by major employers such as BP's Whiting Refinery, which helps maintain consistent rental demand.1305 Fred St offers investors immediate cash flow potential and long-term value creation in a safe, growing market. We invite you to review this opportunity to acquire a solid income-producing asset that is ideal for expanding or beginning a multifamily portfolio.
Last checked:
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Last updated Jun 26, 2025
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MLS# 823201 —
The Building
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Year Built:1908
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New Construction:false
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Patio And Porch Features:Covered
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Levels:Two
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Basement:Full, Unfinished
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Basement:true
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Above Grade Finished Area:2481
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Below Grade Unfinished Area:678
Interior
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Interior Features:None
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Fireplace:false
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Laundry Features:Lower Level
Room Dimensions
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Living Area Source:Estimated
Financial & Terms
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Lease Considered:false
Location
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Directions:Take I-80 exit 2 going north. Continue approximately 7 miles to WhitingTurn left on Fred St. Property is on the right.
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Latitude:41.676854
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Longitude:-87.497591
The Property
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Parcel Number:450307253039000025
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Property Subtype:Quadruplex
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Lot Features:Back Yard, Rectangular Lot, Near Public Transit, Few Trees
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Lot Size Acres:0.0875
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Lot Size Square Feet:3812
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Lot Size Source:Assessor
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Zoning Description:Residential
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Additional Parcels:false
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View:City
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Exterior Features:Private Yard
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 384-7994
- Office phone:
- (219) 200-5133
Taxes
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Tax Year:2024
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Tax Annual Amount:4352
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Tax Assessed Value:217600
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Tax Legal Description:DAVIDSON'S FRED ST. ADD. ALL L.23 BL.1
Beds
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Total Bedrooms:8
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:Forced Air, Hot Water
Utilities
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Utilities:Electricity Connected, Water Connected, Sewer Connected, Underground Utilities, Natural Gas Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Gas Water Heater
Schools
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High School District:Whiting
The Community
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Subdivision Name:Davidsons Fred St Add
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Pool Features:None
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Pets Allowed:No
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Association:false
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Cap Rate:8
Parking
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Garage:false
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Parking Features:On Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).