We are pleased to present this well maintained Class A, 7-unit multifamily asset, ideally located within walking distance to the highly desirable downtown Crown Point Square. The property features a unit mix of two two-bedroom units, four one-bedroom units, and one studio. It has been meticulously cared for, including a brand-new roof installed this year, along with prior exterior upgrades such as updated windows, siding, and gutters. Additionally, most units have been recently renovated, offering modern interiors that appeal to today’s renters. The asset provides strong day-one rents and immediate cash flow, with a clear opportunity to further increase rental income through mark-to-market adjustments and continued rent growth in one of Northwest Indiana’s most supply-constrained and sought-after rental markets.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA836808
Price : $1,050,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1953
Lot Area : 10,890 Sqft
Status : Active
Acres : 0.25
Property Subtype 1 : Multi Family
Status : Active
Features
Heating System : Hot Water
Parking : Off Street
Exterior Features : No
Interior Features : No
Appliances
Appliances : Refrigerator, Electric Range, Gas Range, Water Heater
Address Map
Country : US
State : IN
County : Lake
City : Crown Point
Street : North
Street Number : 182
Street Suffix : Street
Postal Code : 46307
Floor Number : 0
Longitude : W88° 38' 5.2''
Latitude : N41° 25' 13.5''
Directions : Go south on Main St from route 30. Take a right on W North St. Building is on your right