7316 W 140th Place, Cedar Lake, IN 46303 (MLS# 839148)

7316 W 140th Place, Cedar Lake, IN 46303

$265,000

Property Type: Residential Bedrooms: 8 Baths: 2 Square Footage: 3,240 Lot Size (sq. ft.): 18,800 Status: Active

Current Price: $265,000 List Date: 5/19/2026 Last Modified: 5/19/2026

Overview

Description

Investor's Dream in Cedar Lake, Indiana - A True Blank Canvas with Major Upgrades Already Done! Welcome to this fantastic opportunity in the heart of Cedar Lake! Whether you're an investor, looking for a cozy weekend retreat, a potential Airbnb rental, or even a future permanent residence, this home offers incredible flexibility and value. This property is a genuine blank canvas -- the interior has been stripped down to the studs, giving you a rare chance to customize every detail exactly to your taste. The best part? Many of the costly, foundational upgrades have already been completed, making your renovation project smoother and more affordable. You'll find a brand-new roof and half of the new siding installed (the seller will leave the remaining green siding for you to finish), all-new electrical wiring, new furnace and air conditioning units, fresh ductwork, energy-efficient new windows, and stylish new front and sliding back doors. The former garage has been converted into addi ... (Read more)

Listing Details MLS# 839148

General Property Information

New Construction YN: No
Bedrooms Total: 8
Bathrooms Full: 2
Bathrooms Total: 2
Rooms Total: 10
Accessibility Features YN: No
Above Grade Finished Area: 3240
Living Area: 3240
Living Area Source: Other
Year Built: 1957
Garage YN: No
Lot Size Acres: 0.4316
Lot Size Square Feet: 18800
Lot Size Source: Assessor
Association YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Below Grade Finished Area: 0

Property Features

Appliances: None Basement: Crawl Space Construction Materials: Vinyl Siding Cooling: Central Air Electric: 200+ Amp Service; Circuit Breakers Exterior Features: Private Yard; Storage Flooring: Other Heating: Forced Air; Natural Gas Interior Features: None Levels: Bi-Level Listing Terms: Cash Lock Box Information: SentriLock Lot Features: Back Yard; Front Yard; Wooded Parking Features: Driveway; Gravel Pool Features: None Possession: Close Of Escrow Property Condition: Fixer Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Sewer Connected; Water Available View: Neighborhood; Trees/Woods Water Source: Well Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bedroom 6; Dining Room; Kitchen; Other Room; Primary Bedroom

Contract Information

Original List Price: 265000
Auction YN: No
Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: No
Occupant Type: Vacant

Location Tax and Legal

Street Number: 7316
Street Direction Prefix: W
Street Name: 140th
Street Suffix: Place
County: Lake
State: IN
Postal Code: 46303
Subdivision Name: C N Straights Sub

Remarks and Miscellaneous

Public Remarks: Investor's Dream in Cedar Lake, Indiana - A True Blank Canvas with Major Upgrades Already Done! Welcome to this fantastic opportunity in the heart of Cedar Lake! Whether you're an investor, looking for a cozy weekend retreat, a potential Airbnb rental, or even a future permanent residence, this home offers incredible flexibility and value. This property is a genuine blank canvas -- the interior has been stripped down to the studs, giving you a rare chance to customize every detail exactly to your taste. The best part? Many of the costly, foundational upgrades have already been completed, making your renovation project smoother and more affordable. You'll find a brand-new roof and half of the new siding installed (the seller will leave the remaining green siding for you to finish), all-new electrical wiring, new furnace and air conditioning units, fresh ductwork, energy-efficient new windows, and stylish new front and sliding back doors. The former garage has been converted into additional bedrooms, but if you prefer, it can easily be reframed back into a garage -- giving you great versatility depending on your needs. Located within the award-winning Crown Point School District, this home combines the charm of small-town Cedar Lake living with top-tier education options, making it an excellent investment for families or rental property seekers. Please note, this property requires cash financing, making it ideal for investors or buyers ready to jump into a rewarding renovation. Don't miss out on this unique chance to shape your dream home or income property in a wonderful community. Schedule your showing today and imagine all the possibilities!

Status Change Information

Major Change Timestamp: 2026-05-19T14:27:31Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-19

More Information

Exemption Information

Exemption YN: Yes
Exemptions: Homestead, Supplemental

Square Footage Information

Upper Level Finished SqFt: 1524
Main Level Finished SqFt: 1716
Lower Level Finished SqFt: 0

Showing Requirements

Showing Instructions: Use Showingtime. On Sentrilock. Please be sure that no children run around in home as it is not safe. Please remain with your buyers at all times due to construction status/safety issues.

Room Types

Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Main
Bedroom 5 Level: Upper
Bedroom 6 Level: Upper
Dining Room Level: Main
Kitchen Level: Main
Other Room Level: Upper
Primary Bedroom Level: Main
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Bedroom 5: Yes
Bedroom 6: Yes
Dining Room: Yes
Kitchen: Yes
Other Room: Yes
Primary Bedroom: Yes

Location, Tax, and Legal

School District: Crown Point
Elementary School: Douglas MacArthur Elementary Sch
Middle Or Junior School: Colonel John Wheeler Middle School
High School: Crown Point High School
Tax Annual Amount: 2756
Tax Year: 2025
Tax Assessed Value: 278200
Tax Legal Description: CHAS. N. STRAIGHT'S SUBDIV. BL.1 LOTS 10 & 11
Parcel Number: 451526378028000043
Additional Parcels YN: No
Zoning Description: residential
Township: Center
Directions: Morse South to 140th Pl- make a right onto 140th Pl. Home will be on your right.
Cross Street: Morse

Appliances

None: Yes

Basement

Crawl Space: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

Central Air: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes

Exterior Features

Private Yard: Yes
Storage: Yes

Flooring

Other: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

None: Yes

Levels

Bi-Level: Yes

Listing Terms

Cash: Yes

Lock Box Information

SentriLock: Yes

Lot Features

Back Yard: Yes
Front Yard: Yes
Wooded: Yes

Parking Features

Driveway: Yes
Gravel: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Property Condition

Fixer: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

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

View

Neighborhood: Yes
Trees/Woods: Yes

Water Source

Well: Yes

Room Information

Room Name	Level	Remarks
Primary Bedroom	Main
Bedroom 2	Main
Bedroom 3	Main
Bedroom 4	Main
Bedroom 5	Upper
Bedroom 6	Upper
Kitchen	Main
Dining Room	Main
Other	Upper	Bedroom 7
Other	Upper	Bedroom 8

Listing Office: Trueblood Real Estate, LLC

Last Updated: May - 19 - 2026

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