140 N West Street, Crown Point, IN 46307
MULTI_FAMILY - Crown Point, IN
- Added:
- Aug 13, 2025
- Days on Market:
- 312
- Last Refresh:
- Jun 20 at 2:06 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
Listing agent Michael Becze License #RB22000047 (219) 378-8308
Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN (219) 322-5508
Listing date Aug 13, 2025
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
- Built in 1880
- Forced air heating
- Appliances include gas cooktop and refrigerator
- Public water and public sewer connection
Overview
The property is in Lake County and listed for sale. Its compact lot size and defined building footprint may appeal to buyers looking for a smaller-scale multi-family asset, subject to inspection and confirmation of income and expenses during underwriting.
Because unit configuration, condition, and current operating details are not provided, prospective buyers and brokers should plan to review the property thoroughly, including any available leases, utility information, and maintenance records. The size and lot parameters can support a focused evaluation of this multi-family building for either owner-occupant use or rental ownership, depending on verified turnover and market conditions at the time of acquisition.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.0k | $21.60 |
| − Vacancy | −$16.9k | −$4.69 |
| EGI | $61.1k | $16.91 |
| − OpEx | −$15.3k | −$4.23 |
| NOI | $45.8k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Crown Point
- County
- Lake
- State
- Indiana
- Longitude
- -87.366444
- Latitude
- 41.418852
