Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Crown Point Multi-Family Property Title is generated by Realmo AI

    140 N West Street, Crown Point, IN 46307

    View on Map
    Claim this Listing
    For Sale
    $795,000

    MULTI_FAMILY - Crown Point, IN

    Property size:
    3,612 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $220/SF
    Added:
    Aug 13, 2025
    Days on Market:
    275
    Last Refresh:
    May 14 at 10:06 am

    Property Features for 140 N West Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    6
    Exterior features
    Private Yard
    Basement
    Unfinished
    Appliances
    Gas Cooktop, Refrigerator
    Standard status
    Active
    APN
    451608131002000042
    Size
    3,612 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    W2. OF N.27FT L.70 W2. OF S. 21 FT. OF L.71 ORIG. TOWN OF CROWN POINT
    Tax Annual Amount
    6209

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1880

    We can help!

    Listing Contact
    Michael Becze

    Listing agent Michael Becze License #RB22000047

    Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN

    Listing date Aug 13, 2025

    MLS# 825982

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private Yard for outdoor enjoyment
    • Gas Cooktop perfect for cooking enthusiasts
    • Basement provides extra storage or living space
    • Public Water Source ensures reliable access
    • Public Sewer connected
    • Built in 1880, this home has historic charm

    Overview

    This multi-family property is located in Crown Point, Indiana. The property has a total area of 3,612 square feet and is situated on a 0.132-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crown Point
    County
    Lake
    State
    Indiana
    Longitude
    -87.366444
    Latitude
    41.418852

    Nearby Similar for Sale

    • $1,200,000
      7,640 SF

      Crown Point Industrial/Office Opportunity

      Versatile industrial and office buildings on 1.16 acres.
      1031 E Summit Street, Crown Point, IN 46307
      View Details
    • $1,755,000
      4,505 SF

      Turn-Key Restaurant Investment Opportunity

      Restaurant in high-growth area with strong residential development.
      10685 Randolph Street, Crown Point, IN 46307
      View Details
    • $559,900

      Crown Point Multifamily Investment Opportunity

      Four-unit property in downtown Crown Point with income and upside.
      324 S Main Street, Crown Point, IN 46307
      View Details
    • $474,500
      2,647 SF

      Crown Point Commercial Opportunity

      1.83 acres zoned B-3 near Broadway intersection.
      111 East State Road 8, Winfield, IN 46307
      View Details
    • $3,900,000
      45,966 SF

      Crown Point Industrial Warehouse Space

      46,000 SF industrial warehouse on 2.5 acres near I-65.
      1019 E Summit Street, Crown Point, IN 46307
      View Details
    • $474,500
      2,647 SF

      Crown Point Commercial Opportunity

      1.83 acres zoned B-3 near Broadway intersection.
      111 E State Road 8, Crown Point, IN 46307
      View Details
    • $699,000

      Mixed-Use Property Near Crown Point

      Versatile investment property with residential and commercial income potential.
      300 S Court St, Crown Point, IN, 46307-3985
      View Details
    • Contact for pricing

      Northwest Indiana Apartment Portfolio

      118-unit portfolio in Crown Point, Highland, and Griffith, Indiana.
      2100 N Main St, Crown Point, IN 46307
      View Details
    • $6,681,630
      13,200 SF

      Crown Point Surgery Center Investment

      13,200 SF surgery center in Crown Point, Indiana.
      11450-11460 S. Broadway, Crown Point, IN 46307
      View Details
    • $650,000
      11,800 SF

      Retail Space in Growing Community

      New retail space for sale in Winfield, Indiana.
      11500-11555 Randolph St, Crown Point, IN
      View Details

    FAQs

    What type of property is this?
    Specialty property - Multi-family property in Crown Point, Indiana, with 3,612 square feet.
    Where is this specialty property located?
    The property is located at 140 N West Street Crown Point, IN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Private Yard for outdoor enjoyment; Gas Cooktop perfect for cooking enthusiasts; Basement provides extra storage or living space
    (219) 378-8308
    We can help!
    Listing Contact
    Michael Becze
    Real Estate License ID: RB22000047
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    140 N West Street, Crown Point, IN 46307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!