This multi-unit property features two 1-bedroom, 1-bath units on a spacious 2.1-acre lot. It boasts newer vinyl windows, a new furnace, and a newer well. Situated in a convenient location for commuters, it offers income potential with one unit currently vacant and the other tenant-occupied, generating $650 per month. The second unit has the potential to rent for $750 monthly, with tenants covering utilities. The landlord is responsible for garbage bill and the property is on well and septic systems. Taxes are only $1,890 a YEAR. With one unit vacant this could be a great opportunity for someone to live in one side, rent out the other and have over 2 acres of property to enjoy. Don't let this great opportunity pass you by.
Multi-familyProperty Type
1956Year Built
2.18 acresLot Size
$165Est. Price/Sq.Ft.
10 spacesParking
Listed by Karl Wehle• Realty Executives Premier
•219-462-2224 (broker)
•info@RexPremier.com (broker)
Bought with Farris Gosea• Listing Leaders Northwest
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
2.18 Acres
Year renovated
1956
Sq. Ft.
648
Year built
1956
Style
Multi-Family (2-4 Unit)
County
Porter County
APN
640510278001000016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 1, 2026.
R2
Low Density Residential District
The R2 district low density residential is intended to provide a land use category for single-family detached homes. The provisions that regulate this land use district protect, maintain and promote areas in Portage for existing and future housing growth.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Other
Recreation
Park & open space
Oct 14, 2006 • Final
General
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Total: 10
Parking Features: None
Interior
Bathroom Information
Bathrooms Full: 2
Interior Features
Interior Features: Elevator
Accessibility Features: Enhanced Accessible
Flooring: Luxury Vinyl
Room Information
Basement: Crawl Space
Multi-Unit Financial Information
Net Operating Income: $15,600
Gross Scheduled Income: $15,600
Insurance Expense: $587
New Taxes Expense: $1,890
Trash Expense: $792
Multi-Unit Information
Occupant Type(s): Tenant
# of Units Total: 2
# of One Bedroom Units: 2
Exterior
Exterior Features
Other Equipment: None
Construction Materials: Block, Concrete
Living Area
Living Area: 1,150
Living Area Source: Assessor
Property Information
Year Built: 1956
Accessibility Features YN: Yes
Lot Information
Road Surface Type: Gravel
Financial
Tax Information
Tax Legal Description: Legal Description: ELK ACRES LOT 2 2.177A
Utilities
Utilities Information
Utilities: Electricity Available, Natural Gas Available
Water Source: Well
Sewer: Septic Tank
Location
School Information
High School: Portage High School
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 648
Stories: 1.0
Lot Size: 2.18 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1956
Year Renovated: 1956
County: Porter County
APN: 640510278001000016
Home facts updated by county records on Oct 1, 2026
Other
Auction Information
Auction YN: No
Auction Minimum Opening Bid: 0.00
Around this home
Schools
Crisman Elementary School
Public K-5 • Assigned • 1.6mi
6/10
William Fegely Middle School
Public 6-8 • Assigned • 1.6mi
5/10
Portage High School
Public 9-12 • Assigned • 3.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Portage, IN • 46368
Average low and high temperatures (°F)
30
17
38
23
54
34
62
42
67
49
79
62
84
68
79
64
76
58
67
49
51
38
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$181,000 – $219,000
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