182 W North Street, Crown Point, IN 46307
$915,000
Property Type:
Commercial Sale
Square Footage:
7,647
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$915,000
List Date:
4/29/2026
Last Modified:
8/18/2026
Overview
Description
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
- 2026-08-18T21:27:12Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2026-06-02T12:24:56Z
- Status Change Timestamp
- 2026-08-18
- Offer Acceptance Date
- 2026-06-18
- Close Date
- 2026-08-18
- Close Price
- 915000
- Concessions
- No
- Buyer Financing
- Other
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
Listing Office:
Ellsbury Group
Last Updated: August - 18 - 2026
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