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North Apartments 182 W North St 7 Unit Apartment Building $995,000 ($142,143/Unit) Crown Point, IN 46307
Executive Summary
Ellsbury Group is pleased to present this wellmaintained 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.
Property Facts Under Contract
| Price | $995,000 | Building Class | C |
| Price Per Unit | $142,143 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 7,647 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Price | $995,000 |
| Price Per Unit | $142,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 7,647 SF |
| No. Stories | 3 |
| Year Built | 1953 |
| Parking Ratio | 1.44/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45-16-05-383-009.000-042 | Improvements Assessment | $725,000 |
| Land Assessment | $73,600 | Total Assessment | $798,600 |
Property Taxes
Parcel Number
45-16-05-383-009.000-042
Land Assessment
$73,600
Improvements Assessment
$725,000
Total Assessment
$798,600
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