Updated Half-Duplex Income
For Sale
$339,900
Pending
1425 Mybeck Place, Crown Point, IN 46307
Residential, Crown Point, IN
Property Size1,808 SF
Lot Size0.12 Acres
Days on Market56
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Property Features for 1425 Mybeck Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Kitchen, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Laundry Room, Bathroom 1
Parking features
Open, Driveway, Garage
Interior features
Entrance Foyer, Walk-In Closet(s), Tray Ceiling(s), Stone Counters, High Ceilings, Eat-in Kitchen
Appliances
Dryer, Washer, Range Hood, Refrigerator, Range, Gas Water Heater, Gas Cooktop, Dishwasher
Subdivision
Royal Hawk
Lot features
Landscaped
View
Water
Directions
Main St to Main Street Frontage road at Elm St. Follow Frontage Rd North to Lewis, go west to Royal Hawk, turn onto Concord, west to Mybeck Pl. Property is straight ahead of stop sign. Lockbox on bench at front door
Standard status
Pending
APN
451232352032000029
Size
1,808 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL HAWK N PT OF LOT 3
Tax Annual Amount
2497
HOA Fee
$70 Quarterly
Legal Description
ROYAL HAWK N PT OF LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Listing Agency:
Morgin Realty
(219) 345-7653
Listed By:
Barbara Morgin · License #RB14020684
(219) 712-6116
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 15 at 3:06PM
MLS# 844178
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.
This residential income property is configured as a half duplex with 1,808 square feet arranged on one main level. The home includes three bedrooms, two bathrooms, an eat-in kitchen, walk-in closet, entrance foyer, tray ceilings, and high ceilings. Recent improvements include quartz countertops, custom appliances, updated bathrooms, and an accessible master shower. A two-car attached garage has an epoxy-coated floor, with additional open parking and driveway access.
The property sits on a 0.121-acre lot at 1425 Mybeck Place in Crown Point, Indiana 46307. Public water and public sewer serve the property, while forced-air heating provides the primary heating system. Appliances include a gas cooktop, range, range hood, refrigerator, dishwasher, washer, dryer, and gas water heater. Built in 2004, the residence offers a combination of updated interior finishes and established building infrastructure.
The property sits on a 0.121-acre lot at 1425 Mybeck Place in Crown Point, Indiana 46307. Public water and public sewer serve the property, while forced-air heating provides the primary heating system. Appliances include a gas cooktop, range, range hood, refrigerator, dishwasher, washer, dryer, and gas water heater. Built in 2004, the residence offers a combination of updated interior finishes and established building infrastructure.
Key Highlights
- Half duplex with 1,808 SF on one main level
- Three bedrooms and two bathrooms
- Updated kitchen with quartz counters and custom appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,996
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,920
$319.9K
Cap Rate 7%
$228,514
$228.5K
Cap Rate 9%
$177,733
$177.7K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$30.8K $17.04/SF
− Vacancy
−$1.7K −$0.95/SF
EGI
$29.1K $16.09/SF
− OpEx
−$13.1K −$7.24/SF
NOI
$16.0K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,920
Cap Rate 7%
$228,514
Cap Rate 9%
$177,733
Alternative Uses
Best Use
Apartment 5plus
$228.5K
$200.0K – $266.6K
NOI $15,996 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.7K
$441.6K – $588.9K
NOI $35,331 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
372
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Main-level layout with refreshed kitchens and baths, an attached garage, and public utilities in Crown Point.
Where is this residential income property located?
The property is located at 1425 Mybeck Place Crown Point, IN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Half duplex with 1,808 SF on one main level; Three bedrooms and two bathrooms; Updated kitchen with quartz counters and custom appliances
