$515,000
$545,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
324 S Main ST Crown Point, IN 46307
6 Beds
4 Baths
10,920 SqFt
Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 10,920 sqft
Price per Sqft $47
Subdivision Crown Point
MLS Listing ID 837843
Sold Date 08/11/26
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1890
Annual Tax Amount $3,844
Tax Year 2024
Lot Size 0.251 Acres
Acres 0.2507
Property Sub-Type Quadruplex
Property Description
4-unit investment opportunity in the heart of downtown Crown Point offering immediate income with clear upside potential. The property features a unit mix of two 2-bedroom units and two 1-bedroom units, each with separate entrances for added privacy and flexibility. Two units have been updated with improvements including flooring, lighting, paint, and bathroom finishes, while the remaining two units are in solid condition with room for additional updates and increased rents. Tenants benefit from off-street parking with eight dedicated spaces located on a low-traffic side street, as well as walkability to restaurants, shops, and amenities just a few blocks away. Situated on a corner lot in a highly desirable downtown location with strong rental demand and access to Crown Point schools. Owner currently covers water, sewage, trash, and heat, with tenants responsible for electric and cooking gas, offering an opportunity to further optimize expenses. All units are currently on month-to-month leases, providing flexibility for investors to adjust rents or for an owner-occupant to occupy a unit.
Location
State IN
County Lake
Rooms
Basement Bath/Stubbed, Unfinished
Interior
Interior Features Ceiling Fan(s), Entrance Foyer, Crown Molding
Heating Natural Gas, Common
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Y
Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range
Exterior
Parking Features Concrete, Off Street, On Street
Pool None
View Y/N true
Building
Lot Description Back Yard, Front Yard, Corner Lot
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 451608253004000042
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing NRA20260427144336833270000000
Listing Terms NRA20260427144336833270000000
Financing Conventional
Pets Allowed Size Limit
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