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140 N West St 7 Unit Apartment Building $1,022,757 CAD ($146,108 CAD/Unit) Crown Point, IN 46307
Executive Summary
Exceptional commercial investment opportunity in the heart of Downtown Crown Point. Located just a half-block north of Bulldog Park and moments from the historic city square, this highly desirable 7-unit multifamily property generates $82,000 in steady gross annual rents. The asset features a versatile unit mix consisting of three 2-bedroom units, two 1-bedroom units, and two studio apartments.
The building offers strong immediate cash flow with units that have been thoughtfully modernized and refreshed with updated aesthetic finishes. Value-add infrastructure includes a newly remodeled on-site laundry room equipped with coin-operated machines, providing a turn-key auxiliary revenue stream.
Tenants benefit from convenient off-street parking on site and an unbeatable, walkable location close to premier downtown dining, boutique retail, and local community events. With stabilized rental income already in place and an irreplaceable location, this asset is an ideal addition to any growth-oriented commercial portfolio or 1031 exchange.
The building offers strong immediate cash flow with units that have been thoughtfully modernized and refreshed with updated aesthetic finishes. Value-add infrastructure includes a newly remodeled on-site laundry room equipped with coin-operated machines, providing a turn-key auxiliary revenue stream.
Tenants benefit from convenient off-street parking on site and an unbeatable, walkable location close to premier downtown dining, boutique retail, and local community events. With stabilized rental income already in place and an irreplaceable location, this asset is an ideal addition to any growth-oriented commercial portfolio or 1031 exchange.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,022,757 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $146,108 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 7 | Building Size | 3,612 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1951 |
| Price | $1,022,757 CAD |
| Price Per Unit | $146,108 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,612 SF |
| No. Stories | 2 |
| Year Built | 1951 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $3,668 CAD | - |
| Studios | 2 | $1,904 CAD | - |
| 1+1 | 2 | $1,534 CAD | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-16-08-131-002.000-042 | Improvements Assessment | $304,948 CAD |
| Land Assessment | $82,395 CAD | Total Assessment | $387,344 CAD |
Property Taxes
Parcel Number
45-16-08-131-002.000-042
Land Assessment
$82,395 CAD
Improvements Assessment
$304,948 CAD
Total Assessment
$387,344 CAD
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140 N West St
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