$559,900

324 S Main Street, Crown Point, IN 46307

  • 6 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

4-unit investment opportunity in the heart of downtown Crown Point offering immediate income with clear upside potential. The property features a unit mix of two 2-bedroom units and two 1-bedroom units, each with separate entrances for added privacy and flexibility. Two units have been updated with improvements including flooring, lighting, paint, and bathroom finishes, while the remaining two units are in solid condition with room for additional updates and increased rents. Tenants benefit from off-street parking with eight dedicated spaces located on a low-traffic side street, as well as walkability to restaurants, shops, and amenities just a few blocks away. Situated on a corner lot in a highly desirable downtown location with strong rental demand and access to Crown Point schools. Owner currently covers water, sewage, trash, and heat, with tenants responsible for electric and cooking gas, offering an opportunity to further optimize expenses. All units are currently on month-to-month leases, providing flexibility for investors to adjust rents or for an owner-occupant to occupy a unit.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 10:20PM
Listing Office:
Better Homes and Gardens Real : (219) 999-8990
Listing Agent:
Drake Phillips :
MLS ID:
837843
  • General: Ceiling Fan(s)Entrance FoyerCrown Molding
  • Appliances: DryerWasherRefrigeratorGas Water HeaterGas Range
  • Laundry: Lower LevelLaundry Room
  • Basement: Bath/StubbedUnfinished
  • Heating: Natural GasCommon
  • Fireplace: Living RoomFireplaceFireplaces: 1
  • Other Structures: Deck
  • Parking: ConcreteOff StreetOn StreetParking spaces: 8
  • General: Two
  • Originating MLS: nira
  • County: Lake
  • Zoning: ORIG. TOWN OF CROWN POINT W1/2 OF LOT 44451608253004000042
  • Utilities: Electricity ConnectedWater ConnectedSewer ConnectedNatural Gas Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: nira

This listing courtesy of Drake Phillips , Better Homes and Gardens Real

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location