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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

$559,900

Est. payment - /mo

6 Beds

4 Baths

4,286 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,286 sqft

Price per Sqft $130

Subdivision Crown Point

MLS Listing ID 837843

Bedrooms 6

Full Baths 4

Year Built 1890

Annual Tax Amount $3,844

Tax Year 2024

Lot Size 0.251 Acres

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

Cooling Individual Units

Flooring Carpet, Tile, Laminate, Hardwood

Fireplaces Number 1

Fireplace Yes

Appliance Dryer, Washer, Refrigerator, Gas Water Heater, Gas Range

Exterior

Parking Features Concrete, Off Street, On Street

Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Roof Type Other,Shingle

Building

Lot Description Back Yard, Front Yard, Corner Lot

Others

Acceptable Financing Cash, VA Loan, FHA, Conventional

Listing Terms Cash, VA Loan, FHA, Conventional

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Listed by Better Homes and Gardens Real

NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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324 S Main Street Crown Point, IN 46307

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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324 S Main Street