4-unit investment opportunity in the heart of downtown Crown Point offering immediate income with clear upside potential. The property features a unit mix of two 2-bedroom units and two 1-bedroom units, each with separate entrances for added privacy and flexibility. Two units have been updated with improvements including flooring, lighting, paint, and bathroom finishes, while the remaining two units are in solid condition with room for additional updates and increased rents. Tenants benefit from off-street parking with eight dedicated spaces located on a low-traffic side street, as well as walkability to restaurants, shops, and amenities just a few blocks away. Situated on a corner lot in a highly desirable downtown location with strong rental demand and access to Crown Point schools. Owner currently covers water, sewage, trash, and heat, with tenants responsible for electric and cooking gas, offering an opportunity to further optimize expenses. All units are currently on month-to-month leases, providing flexibility for investors to adjust rents or for an owner-occupant to occupy a unit.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA837843
Price : $569,900
Bedrooms : 6
Rooms : 15
Bathrooms : 4
Half Bathrooms : 0
Year Built : 1890
Lot Area : 10,920 Sqft
Status : Active
Acres : 0.2507
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Natural Gas, Common
Basement : Yes
Pet Policy : Size Limit
Fireplace : Yes
Parking : Off Street, On Street, Concrete
Interior Features : Ceiling Fan(s), Crown Molding, Entrance Foyer
Appliances
Appliances : Dryer, Refrigerator, Washer, Gas Range, Gas Water Heater
Address Map
Country : US
State : IN
County : Lake
City : Crown Point
Street : Main
Street Number : 324
Street Suffix : Street
Postal Code : 46307
Floor Number : 0
Longitude : W88° 38' 9.7''
Latitude : N41° 24' 51.5''
Directions : Main St southbound to East corner of School Ct and Main.