4 Unit Crown Point: Unique opportunity to obtain a 4-unit building in Crown Point, Very good Cap rate 7.4Fully rented in Very Good Shape. Proforma Document Attached
Multi-familyProperty Type
1887Year Built
1.5 acresLot Size
Listed by Brent Stegenga• Complete Asset Protection Serv
•219-629-9231 (broker)
•george@capsgroup.net (broker)
Listed by George Kochis• Complete Asset Protection Serv
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
7
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
1.5 Acres
Year renovated
2015
Sq. Ft.
4,160
Year built
1887
Style
Multi-Family (2-4 Unit)
County
Lake County
APN
451233355002000029
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
R-2
Residential District
Districts designated for residential use, R-1, R-2, and R-3, are limited to dwellings and public or semi-public uses which are normally associated with residential neighborhoods. The only uses permitted in the residential districts are those which would not detract from the residential character of the neighborhood. The purpose of these 3 districts is to create an attractive, stable, and orderly residential environment. However, the families per dwelling and the lot and yard requirements are different in the 3 districts to provide for the various housing needs and desires of the citizens.; There shall be no more than one principal structure on any residential zoning lot.
Permitted uses
Include but are not limited to:
Housing-Single unit
Fire house
Police station
Park & open space
Property details
Parking
Parking Information
Parking Features: Additional Parking
Interior
Bathroom Information
Bathrooms Full: 3
Bathrooms Half: 1
Heating & Cooling
Cooling: Central Air
Heating: Natural Gas
Interior Features
Pets Allowed
Interior Features: Other
Appliances: Other
Multi-Unit Information
# of Units Total: 4
# of Two Bedroom Units: 3
# of Three Bedroom Units: 1
Exterior
Exterior Features
Exterior Features: Other
Living Area
Living Area Source: Estimated
Above Grade Finished Area: 5,800
Property Information
Year Built: 1887
Levels: Two
Lot Information
Lot Size Source: Assessor
Financial
Tax Information
Tax Assessed Value: $569,300
Tax Legal Description: MERRILLVILLE ROAD HEIGHTS LOT 2
Tax Annual Amount: $11,389
Tax Year: 2023
Utilities
Utilities Information
Water Source: Public
Sewer: Public Sewer
Public facts
Beds: 7
Baths: 3.5
Sq. Ft.: 4,160
Stories: 2.0
Lot Size: 1.5 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1887
Year Renovated: 2015
County: Lake County
APN: 451233355002000029
Home facts updated by county records on Sep 8, 2026
Other
Auction Information
Auction YN: No
Around this home
Schools
Homer Iddings Elementary School
Public PreK-4 • Assigned • 3.5mi
4/10
Pierce Middle School
Public 7-8 • Assigned • 3.8mi
4/10
Merrillville High School
Public 9-12 • Assigned • 4.2mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Crown Point, IN • 46307
Average low and high temperatures (°F)
29
16
38
22
55
34
62
43
69
49
81
63
84
69
79
63
78
58
67
48
50
36
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$620,000 – $750,000
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