Sold
Last Sold Price
8 beds
106 W Grace St, Rensselaer, IN 47978
Multi FamilyProperty Type
8,625 sq ftLot Size
1948Year Built

Description

Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units--each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio...Excellent Investment Opportunity - 5-Unit Multi-Family Property Near Downtown. Unlock strong rental potential with this 5-unit apartment building situated on a desirable corner lot just minutes from downtown amenities. The property features a great unit mix appealing to a wide tenant base, including one 3-bedroom unit, one 2-bedroom unit, and three 1-bedroom units--each offering 1 full bathroom. Tenants enjoy off-street parking with a dedicated parking lot. Whether you're expanding your portfolio or seeking your first multi-unit investment, this property offers steady cash flow potential.
  • Listed by: James Taulman 219.869.2782 taulmanj@gmail.com • Stucker Realty, Inc.
Listing closed: 12/12/2025 12:00 AM • Source: Northwest Indiana REALTORS® Association as distributed by MLS GRID, MLS#: 830642

Recent comparable sales

Median sold price

$199,000

Avg days on market

60

Sale-to-list ratio

95.2%

Rensselaer, IN

9 comparable properties found

a front view of building with yard
1/22
1

$465,000

Sold 01/29/26

12
Bedrooms
4,040
Square Feet
0.52
Acres
2

$90,000

Sold 09/19/25

6
Bedrooms
4.5
Bathrooms
3,712
Square Feet
0.64
Acres
$565,000 | 52-54 Pine Street, Rensselaer, NY 12144
1/4
3

$565,000

Sold 02/19/25

8
Bedrooms
4,872
Square Feet
0.11
Acres
4

$172,000

Sold 10/21/25

2
Bedrooms
1.5
Bathrooms
1,120
Square Feet
0.18
Acres
a front view of a house with a yard
1/29
5

$210,000

Sold 10/25/24

4
Bedrooms
2,356
Square Feet
0.16
Acres
$180,000 | 220 South Van Rensselaer Street, Rensselaer, IN 47978
1/8
6

$180,000

Sold 08/25/25

2
Bedrooms
1,493
Square Feet
0.18
Acres
a front view of a house with a garden and patio
1/39
7

$209,900

Sold 07/02/26

2
Bedrooms
1,578
Square Feet
0.17
Acres
8

$175,000

Sold 10/03/25

2
Bedrooms
1
Bathrooms
2,034
Square Feet
0.17
Acres
9

$199,000

Sold 07/11/25

2
Bedrooms
1
Bathrooms
1,440
Square Feet
0.17
Acres

Location

Listing Courtesy of Stucker Realty, Inc.

Sold By Complete Asset Protection Serv

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Property Information for 106 West Grace Street

Property Details
  • Taxes: $1,228 / year
  • MLS Type: Residential Income / Apartment
  • Zoning: Business
  • Subdivision: Benj Add
  • Pets Allowed: Number Limit
  • OriginalListPrice: $299,900.00
  • NRA_DelayedMarketingYN: No
  • NRA_ExemptionYN: No
  • SpecialListingConditions: Agent Owned
  • NRA_AuctionYN: No
  • TaxAssessedValue: $104,200.00
  • NRA_EarnestMoneyDeposit: $2,000.00
Building Information
  • Building/Complex: 106 W Grace St
  • Residences: 5
  • Pet Policy Details: Number Limit
  • Year Built: 1948
Summary
Location and General Information
  • Directions: From the intersection of 231 and 114. Go east on 114. House is on the north side of the road.
  • City/Town: Rensselaer
  • State: IN
  • Township: Marion
  • ZIP: 47978
  • Latitude: 40.93
  • Longitude: -87.15
  • County: Jasper
Taxes and HOA
  • Annual Tax Amount: $1,228.00
  • APN/Key #: 370730011017019027
  • Tax Year: 2024
  • Tax Legal Description: BENJ ADD PT BLK 1; ORIG PLAT LOT 12 BLK 11
School Information
  • School District: Rensselaer Central
Parking
  • Garage Description: Gravel, Off Street
Property
Lot Information
  • Lot Square Footage: 8,625.00
  • Square Footage Source: Assessor
  • Acres: .20
  • LotSizeSource: Assessor
  • WaterfrontYN: No
  • AboveGradeFinishedArea: 3960.0
  • BelowGradeUnfinishedArea: 1860.0
  • View: City
  • ParkingTotal: 8
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Apartment
  • Year Built: 1948
  • Lot Description: Corner Lot
  • AdditionalParcelsYN: No
  • NewConstructionYN: No
  • GarageYN: No
  • AssociationYN: No
Utilities
  • Sewer: Public Sewer
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Rain Gutters
  • Levels: Two
Interior Features
  • Appliances: Microwave, Refrigerator, Range
  • Basement Type: Full, Unfinished, Sump Pump
  • Basement: Yes
  • Total Full Baths: 5
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 5
  • Bedrooms: 8
  • Cooling: Individual Units
  • Flooring: Carpet, Vinyl
  • Heat Type: Central, Natural Gas, Forced Air
  • Interior Features: None
  • Roof: Metal
  • Total # of Rooms: 18
  • FireplaceYN: No
Multi Family
Multi-Family Information
  • # of Units: 5
Rental
Rental Information
  • TenantPays: Electricity
  • OwnerPays: Electricity, Water, Trash Collection, Taxes, Sewer, Repairs, Insurance, Gas

Property History for 106 West Grace Street

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Sold

Northwest Indiana REALTORS® Association #830642

$192,000
Dec 11, 2025

Sold

Indiana Regional MLS #202545828

$192,000
Nov 21, 2025

Pending

Northwest Indiana REALTORS® Association #830642

DateEvent & SourcePrice
12/12/2025

Sold

Northwest Indiana REALTORS® Association #830642

$192,000
12/11/2025

Sold

Indiana Regional MLS #202545828

$192,000
11/21/2025

Pending

Northwest Indiana REALTORS® Association #830642

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 106 West Grace Street

Taxable ValueLand$17,400Additions$107,600Total$125,000
Tax Record2025$1,259 ($105 / month)
Home Facts
Total Finished SqFt5,940 SqFtAbove Grade Finished SqFt5,940 SqFtStories3Lot Size8,625 SqFtStyleMulti-Family Res (5+ Units)Year Built1948Year Renovated1948ZoningBUFFCountyJASPERAPN37-07-30-011-017.019-027

Schools near 106 West Grace Street

This home is within Rensselaer Central School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Rensselaer Central Primary School
PublicPK to 2

Van Rensselaer Elementary School
Public3 to 5

Rensselaer Middle School
Public6 to 8

Rensselaer Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Stucker Realty, Inc.

Based on information submitted to the MLS GRID as of 12/16/2025 04:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.