182 W North Street, Crown Point, IN 46307 (MLS# 837975)

182 W North Street, Crown Point, IN 46307

$950,000

Property Type: Commercial Sale Square Footage: 7,647 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $950,000 List Date: 4/29/2026 Last Modified: 6/02/2026

Overview

Description

We are pleased to present this well maintained Class A, 7-unit multifamily asset, ideally located within walking distance to the highly desirable downtown Crown Point Square. The property features a unit mix of two two-bedroom units, four one-bedroom units, and one studio. It has been meticulously cared for, including a brand-new roof installed this year, along with prior exterior upgrades such as updated windows, siding, and gutters. Additionally, most units have been recently renovated, offering modern interiors that appeal to today's renters. The asset provides strong day-one rents and immediate cash flow, with a clear opportunity to further increase rental income through mark-to-market adjustments and continued rent growth in one of Northwest Indiana's most supply-constrained and sought-after rental markets.

Listing Details MLS# 837975

General Property Information

Number Of Units Total: 7
Living Area: 7647
Building Area Source: Assessor
Year Built: 1953
Parking Total: 11
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No
Stories: 3

Property Features

Appliances: Electric Range; Gas Range; Refrigerator; Water Heater Building Features: Multi Tenant Business Type: Other Construction Materials: Brick Cooling: Other Current Use: Multi-Family Electric: 200+ Amp Service Exterior Features: None Heating: Hot Water Interior Features: None Laundry Features: Laundry Room Listing Terms: Cash; Conventional Lot Features: Paved; Private Owner Pays: Electricity; Insurance; Sewer; Taxes; Water Parking Features: Off Street Possession: Close Of Escrow Possible Use: Multi-Family Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: Gas; Trash Collection Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 995000
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: No
Common Interest: None
Owner Name: North Apartments LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 182
Street Direction Prefix: W
Street Name: North
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46307

Remarks and Miscellaneous

Public Remarks: We are pleased to present this well maintained Class A, 7-unit multifamily asset, ideally located within walking distance to the highly desirable downtown Crown Point Square. The property features a unit mix of two two-bedroom units, four one-bedroom units, and one studio. It has been meticulously cared for, including a brand-new roof installed this year, along with prior exterior upgrades such as updated windows, siding, and gutters. Additionally, most units have been recently renovated, offering modern interiors that appeal to today's renters. The asset provides strong day-one rents and immediate cash flow, with a clear opportunity to further increase rental income through mark-to-market adjustments and continued rent growth in one of Northwest Indiana's most supply-constrained and sought-after rental markets.

Status Change Information

Major Change Timestamp: 2026-06-02T12:24:56Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-02T12:24:56Z
Status Change Timestamp: 2026-04-29

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Electric Expense: 13164
Gross Income: 105915
Insurance Expense: 3284
Maintenance Expense: 6000
Manager Expense: 4737
Net Operating Income: 57121
Sewer Expense: 1767
Trash Expense: 900
Water Expense: 1767

Showing Requirements

Showing Instructions: Please call Listing Agent

Location, Tax, and Legal

School District: Crown Point
Tax Annual Amount: 16688
Tax Year: 2024
Tax Legal Description: W.140FT OF S.80FT. OF SE. SW. S.5 T.34 R.8 SUBJ TO STREETS 0.25 AC
Parcel Number: 451605383009000042
Additional Parcels YN: No
Zoning Description: Residential
Township: Center
Directions: Go south on Main St from route 30. Take a right on W North St. Building is on your right
Census Tract: 430.04

Appliances

Electric Range: Yes
Gas Range: Yes
Refrigerator: Yes
Water Heater: Yes

Construction Materials

Brick: Yes

Cooling

Other: Yes

Electric

200+ Amp Service: Yes

Exterior Features

None: Yes

Heating

Hot Water: Yes

Interior Features

None: Yes

Laundry Features

Laundry Room: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Paved: Yes
Private: Yes

Parking Features

Off Street: Yes

Possession

Close Of Escrow: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Sewer Available: Yes
Sewer Connected: Yes
Water Available: Yes
Water Connected: Yes

View

City: Yes

Water Source

Public: Yes

Owner Pays

Electricity: Yes
Insurance: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Tenant Pays

Gas: Yes
Trash Collection: Yes

Current Use

Multi-Family: Yes

Possible Use

Multi-Family: Yes

Building Features

Multi Tenant: Yes

Business Type

Other: Yes

Rail Availability

None: Yes

Special Licenses

None: Yes

Listing Office: Ellsbury Group

Last Updated: June - 02 - 2026

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