Two-Unit Tri-Level
9627 Johnson Pl, Crown Point, IN 46307
For Sale
$400,000
Both residences have multi-level plans and attached garages.
Property Size2,249 SF
Price / SF$177.86
Days on Market35
Property Features for 9627 Johnson Pl
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
large backyard
Building Details
Buildings
Stories
Tenancy
Listing Agency:
@properties/Christie's Intl RE
(219) 440-0070
Listed By:
Sladjana Keric · License IN RB14030901
(219) 629-5200
Source:
Exprealty
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties/Christie's Intl RE
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Investment Insights
Based on property information with market context.
This duplex contains 2,249 square feet across two tri-level residences. Each unit offers two bedrooms, two bathrooms, living space, a kitchen and an attached one-car garage. A backyard serves the property, and both units are currently rented.
Air-conditioning units and furnace coils were replaced in 2018. Residents cover utilities and snow removal; lawn care remains the landlord’s responsibility.
Air-conditioning units and furnace coils were replaced in 2018. Residents cover utilities and snow removal; lawn care remains the landlord’s responsibility.
Key Highlights
- Two 2‑bedroom, 2‑bathroom residences in a tri‑level duplex
- 2,249 square feet total
- Each unit includes an attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,358
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,160
$447.2K
Cap Rate 7%
$319,400
$319.4K
Cap Rate 9%
$248,422
$248.4K
Market Conditions
NOI Build-Up for 2,249 SF
Gross rent
$33.7K $15.00/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$31.9K $14.20/SF
− OpEx
−$9.6K −$4.26/SF
NOI
$22.4K $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 Rate 5%
$447,160
Cap Rate 7%
$319,400
Cap Rate 9%
$248,422
Alternative Uses
Best Use
Multifamily LT 5
$319.4K
$279.5K – $372.6K
NOI $22,358 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$284.2K
$248.7K – $331.6K
NOI $19,897 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$627.8K
$549.4K – $732.5K
NOI $43,948 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
323
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
$293,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake County, IN
Properties on Market for Duplexes in Lake County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have multi-level plans and attached garages.
Where is this duplex located?
The property is located at 9627 Johnson Pl Crown Point, IN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom residences in a tri‑level duplex; 2,249 square feet total; Each unit includes an attached 1‑car garage
