Commercial Sale For Sale

14424 Morse Street, Cedar Lake, Indiana

Property Description

This exceptional investment opportunity offers 15 residential units and one retail space in the highly desirable and supply-constrained Cedar Lake rental market. Nearly all residential units have been recently renovated with modern finishes, providing investors with a turnkey asset that requires minimal immediate capital improvements. The property’s strong in-place cash flow, significant unit count, and continued potential for future rent growth make it an outstanding opportunity for investors seeking both stability and long-term upside in one of Northwest Indiana’s most sought-after rental markets.

Basic Details

Property Type : Commercial Sale

Listing Type : For Sale

Listing ID : NRA842277

Price : $1,490,000

Bedrooms : 0

Rooms : 0

Bathrooms : 0

Half Bathrooms : 0

Year Built : 1930

Lot Area : 24,699 Sqft

Status : Active

Acres : 0.567

Property Subtype 1 : Multi Family

Status : Active

Features

Heating System : Forced Air, Other

Exterior Features : Other

Interior Features : Other

Appliances

Appliances : Other

Address Map

Country : US

State : IN

County : Lake

City : Cedar Lake

Street : Morse

Street Number : 14424

Street Suffix : Street

Postal Code : 46303

Floor Number : 0

Longitude : W88° 34' 40.8''

Latitude : N41° 21' 19.4''

Directions : From Interstate 65, take Exit 240 (IN-231/Crown Point) and head west on IN-231. Continue for 8 miles, then turn left onto US-41. Travel about 3 miles before turning right onto W. 133rd Avenue. Turn left onto Morse Street. Property on right in 1 mile.

Township : Center

MLS Addon

Office Name : Ellsbury Group

Listing Agent MLS ID : NRA19030

Listing Office MLS ID : NRA2314

Annual Tax Amount : $17,973

HOA/POA-Annual Amt. : $0

HOA/POA-Monthly Amt. : $0

Tax Year : 2024

Commercial Sale For Sale