Nearly New Three-Bedroom
For Sale
$319,900
1780 E 110th Place, Crown Point, IN 46307
Residential, Crown Point, IN
Property Size1,877 SF
Lot Size0.08 Acres
Price / SF$170.43
Days on Market99
Property Features for 1780 E 110th Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Family Room, Bedroom 3, Laundry Room, Bathroom 2, Bathroom 3, Bathroom 1, Dining Room, Bedroom 1, Bedroom 2
Parking features
Driveway, Open
Window features
Blinds, Aluminum Frames
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s), Stone Counters, Soaking Tub, Recessed Lighting, Pantry, Open Floorplan, Kitchen Island, His and Hers Closets, High Ceilings, Entrance Foyer, Double Vanity
Appliances
Dishwasher, Stainless Steel Appliance(s), Range Hood, Gas Water Heater, Gas Range
Subdivision
Heather Ridge Sub
Lot features
Back Yard, Landscaped
Directions
From Broadway south to 109th east, Mississippi Street south, 110th lane east, Illinois drive north, 110th place east.
Standard status
Active
APN
451611103011000042
Size
1,877 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HEATHER RIDGE SUB. UNIT 1 W.33FT OF LOT D16
Tax Annual Amount
3088
HOA Fee
$150 Monthly
Legal Description
HEATHER RIDGE SUB. UNIT 1 W.33FT OF LOT D16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Listing Agency:
Affordable Realty, Inc.
Listed By:
Mohammad Rashid
(219) 840-5555
Added: Jun 2
Changed: Sep 3
Last Checked: Sep 8 at 7:06PM
MLS# 840193
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.
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex provides 1877 square feet of contemporary living space with three bedrooms and three bathrooms. The interior combines an open arrangement with defined living and dining areas, high ceilings, recessed lighting, and a kitchen equipped with stone counters, a central island, pantry storage, gas range, range hood, and stainless steel appliances. Walk-in and his-and-hers closets, double vanities, and a soaking tub add practical residential features.
The property includes a patio, open driveway parking, central natural-gas heating, public water, public sewer, and cable availability. Its Crown Point setting offers access to major commuter routes while maintaining a low-maintenance newer-construction profile.
The property includes a patio, open driveway parking, central natural-gas heating, public water, public sewer, and cable availability. Its Crown Point setting offers access to major commuter routes while maintaining a low-maintenance newer-construction profile.
Key Highlights
- Built in 2023 with 1877 square feet of living space
- Three bedrooms and three bathrooms
- Open floor plan with living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,660
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,200
$373.2K
Cap Rate 7%
$266,571
$266.6K
Cap Rate 9%
$207,333
$207.3K
Market Conditions
NOI Build-Up for 1,877 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.2K $15.00/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$26.7K $14.20/SF
− OpEx
−$8.0K −$4.26/SF
NOI
$18.7K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,200
Cap Rate 7%
$266,571
Cap Rate 9%
$207,333
Alternative Uses
Best Use
Multifamily LT 5
$266.6K
$233.3K – $311.0K
NOI $18,660 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$237.2K
$207.6K – $276.8K
NOI $16,606 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$524.0K
$458.5K – $611.3K
NOI $36,679 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 46307, IN
69,248
Population
26,081
Households
2.7
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
87.2 sq mi
ZIP Area
794
Density / Sq Mi
$102,118
Median Household Income
$50,612
Median Earnings
$1,308
Median Rent
$293,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contemporary interiors feature an open layout, modern kitchen finishes, and low-maintenance living near major commuter routes.
Where is this duplex located?
The property is located at 1780 E 110th Place Crown Point, IN.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Built in 2023 with 1877 square feet of living space; Three bedrooms and three bathrooms; Open floor plan with living and dining areas
