324 S Main Street

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324 S Main Street

Crown Point, IN 46307
Asking Price
$545K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Crown Point
  • Asset located at 324 S Main Street in Indiana
  • Property carries an asking price of 545000 dollars
  • Strategically positioned within the growing Northwest Indiana regional market
  • Suitable for investors targeting residential rental income growth

What's Special

This multifamily apartment building at 324 S Main Street in Crown Point, Indiana, is currently listed for sale and provides a practical acquisition for investors looking to expand their residential portfolio. Crown Point serves as a key municipality within the Northwest Indiana region, benefiting from its proximity to major transit routes and the broader Chicago metropolitan economic sphere. The area maintains a consistent demand for rental housing due to its stable suburban character and access to local amenities. Apartment buildings in this market are well-suited for long-term hold strategies or value-add repositioning efforts. The site at 41.4144, -87.3640 places residents within a established neighborhood setting. Prospective buyers will find this asset represents a straightforward opportunity to enter or strengthen a footprint in a growing Indiana submarket. Its layout and location accommodate standard residential occupancy needs, appealing to tenants seeking proximity to the town core and regional employment hubs.

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NOI
$80,000
Cap Rate
14.68%
DSCR
2.47
Strong
Cash-on-Cash
29.14%
Monthly Payment
$2,696.363
Annual Cash Flow
$47,643.648

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