7316 W 140th Place
Cedar Lake, IN 46303
- 8 beds
- – baths
- 3,240 sqft
- ~1/2 acre lot
- $84 per sqft
- 1957 build
- – on site
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, two brand-new 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!
Last checked:
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Last updated May 18, 2025
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MLS# 820979 —
The Building
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Year Built:1957
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New Construction:false
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Levels:Two
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Basement:Crawl Space
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Basement:false
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Above Grade Finished Area:3240
Interior
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Room Type:Bedroom 2, Primary Bedroom, Other Room, Kitchen, Dining Room, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 3
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Interior Features:None
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Fireplace:false
Room Dimensions
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Living Area:3240
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Living Area Source:Estimated
Location
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Directions:Morse south to 140th Pl - right on 140th Pl. Home is first house on the right.
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Latitude:41.363454
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Longitude:-87.423458
The Property
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Parcel Number:451526378028000043
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Property Subtype:Single Family Residence
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Property Condition:Fixer
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Property Attached:false
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Lot Features:Back Yard, Wooded, Front Yard
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Lot Size Acres:0.4316
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Lot Size Square Feet:18800
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Lot Size Source:Assessor
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Zoning Description:residential
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Additional Parcels:false
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View:Neighborhood, Trees/Woods
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Exterior Features:Private Yard, Storage
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 775-0869
- Office phone:
- (219) 558-0469
Taxes
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Tax Year:2024
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Tax Annual Amount:2767
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Tax Assessed Value:253300
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Tax Legal Description:CHAS. N. STRAIGHT'S SUBDIV. BL.1 LOTS 10 & 11
Beds
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Total Bedrooms:8
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Utilities:Electricity Available, Sewer Connected, Water Available, Natural Gas Available, Electricity Connected
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Electric:200+ Amp Service, Circuit Breakers
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Sewer:Public Sewer
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Water Source:Well
Appliances
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Appliances:None
Schools
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Elementary School:Douglas MacArthur Elementary Sch
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Middle Or Junior School:Colonel John Wheeler Middle School
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High School:Crown Point High School
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High School District:Crown Point
The Community
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Subdivision Name:C N Straights Sub
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Pool Features:None
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Association:false
Parking
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Garage:false
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Parking Features:Driveway, Gravel
Monthly cost estimate
Asking price
$275,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,472
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| Taxes | $230 |
| Insurance | $75 |
| Utilities | N/A |
| Total | $1,777/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
