10005 Merrillville Road, Crown Point, IN 46307

$635,000
Property Type: Residential Income Bedrooms: 10 Lot Size (sq. ft.): 65,340 Status: Closed
Current Price: $635,000 List Date: 5/17/2025 Last Modified: 8/06/2025

Overview

Description

4 Unit Crown Point: Unique opportunity to obtain a 4-unit building in Crown Point, Very good Cap rate 7.4 Fully rented in Very Good Shape. Proforma Document Attached

Listing Details MLS# 820943

General Property Information

New Construction YN
No
Number Of Units Total
4
Bedrooms Total
10
Bathrooms Full
3
Bathrooms Half
Yes
Above Grade Finished Area
5800
Living Area Source
Estimated
Year Built
1887
Garage YN
No
Lot Size Acres
1.5
Lot Size Square Feet
65340
Lot Size Source
Assessor
Association YN
No
Waterfront YN
No
Fireplace YN
No

Property Features

Appliances: Other Cooling: Central Air Exterior Features: Other Heating: Natural Gas Interior Features: Other Levels: 2-Sty Listing Terms: Cash; Conventional Lot Features: Rectangular Lot Owner Pays: Management Parking Features: Additional Parking Pets Allowed: Yes Possession: Close Of Escrow Rent Includes: None Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: All Utilities Water Source: Public

Contract Information

Auction YN
No
Original List Price
650000
Property Sub Type
Quadruplex
Listing Agreement
Exclusive Right To Sell
Seller to consider offering concessions
Yes
Owner Name
Wierzba Holdings LLC

Location Tax and Legal

Street Number
10005
Street Name
Merrillville
Street Suffix
Road
County
Lake
State
IN
Postal Code
46307
Subdivision Name
Merrillville Road Heights

Remarks and Miscellaneous

Public Remarks
4 Unit Crown Point: Unique opportunity to obtain a 4-unit building in Crown Point, Very good Cap rate 7.4 Fully rented in Very Good Shape. Proforma Document Attached

Status Change Information

Major Change Timestamp
2025-08-06T18:21:45Z
Major Change Type
Status Change
Status Change Timestamp
2025-08-06
Offer Acceptance Date
2025-06-09
Close Date
2025-08-06
Close Price
635000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
No

Income and Expenses

Cap Rate
7.4

Unit Details

Number Of Two Bedroom Units
3
Number Of Three Bedroom Units
Yes

Unit 1

Unit Description
unit M
Square Feet
1500
Occupied YN
Yes
# Of Rooms
5
# Of Bedrooms
3
# Of Bathrooms
Yes
# Of Full Baths
Yes
# Of Half Baths
Yes

Unit 2

Unit Description
Unit N
Square Feet
1500
Occupied YN
Yes
# Of Rooms
4
# Of Bedrooms
2
# Of Bathrooms
2
# Of Full Baths
2

Unit 3

Unit Description
Unit P
Square Feet
1200
Occupied YN
Yes
# Of Rooms
4
# Of Bedrooms
2
# Of Bathrooms
Yes

Unit 4

Unit Description
Unit S
Square Feet
1500
Occupied YN
Yes
# Of Rooms
4
# Of Bedrooms
2
# Of Bathrooms
2
# Of Full Baths
2

Showing Requirements

Showing Instructions
Contact brent to arrange a viewing appointment

Location, Tax, and Legal

Tax Annual Amount
11389
Tax Year
2023
Tax Assessed Value
569300
Tax Legal Description
MERRILLVILLE ROAD HEIGHTS LOT 2
Parcel Number
451233355002000029
Township
Ross
Directions
80th to Merrillville road

Appliances

Other
Yes

Cooling

Central Air
Yes

Exterior Features

Other
Yes

Heating

Natural Gas
Yes

Interior Features

Other
Yes

Levels

2-Sty
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Rectangular Lot
Yes

Parking Features

Additional Parking
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Water Source

Public
Yes

Owner Pays

Management
Yes

Pets Allowed

Yes
Yes

Rent Includes

None
Yes

Tenant Pays

All Utilities
Yes
Listing Office: Complete Asset Protection Serv
Last Updated: August - 06 - 2025
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