Sold
Last Sold Price
4 beds
130-132 Meadow Rd, Crown Point, IN 46307
Multi FamilyProperty Type
0.4 acresLot Size
1995Year Built
$30/moHOA Fees

Description

Discover a fantastic investment opportunity with this updated two-unit ranch duplex, perfectly situated in the heart of Winfield, within the highly sought-after Crown Point school district! This property is ideal for investors looking to generate strong rental income or a homeowner seeking to offset their mortgage by living in one unit while renting out the other. Each unit is vacant and move-in ready, allowing a new owner the freedom to handpick tenants. With estimated market rents of 1,500 per...Discover a fantastic investment opportunity with this updated two-unit ranch duplex, perfectly situated in the heart of Winfield, within the highly sought-after Crown Point school district! This property is ideal for investors looking to generate strong rental income or a homeowner seeking to offset their mortgage by living in one unit while renting out the other. Each unit is vacant and move-in ready, allowing a new owner the freedom to handpick tenants. With estimated market rents of 1,500 per month per unit, this duplex offers great potential for cash flow. Additionally, the Homeowners Association (HOA) fee of just 30 per unit covers mowing and snow removal, ensuring easy maintenance year-round. The property has been recently updated with fresh paint and brand-new bathrooms, providing a modern and inviting space for future occupants. The well-designed ranch-style layout maximizes functionality, offering comfortable living areas in both units. With a 9% cap rate, this property is positioned to offer strong returns based on its potential rental income of 28,000 annually. This makes it an excellent opportunity for investors seeking profitable properties in a prime location. Located in a prime area of Winfield, this duplex provides convenient access to shopping, dining, and recreational amenities while being part of a top-rated school system. The combination of location, updates, and investment potential makes this a must-see property!
  • Listed by: David Whitehead 219.793.4416 david@davidwhiteheadrealestate.com • RE/MAX Lifestyles
Listing closed: 04/21/2025 12:00 AM • Source: Northwest Indiana REALTORS® Association as distributed by MLS GRID, MLS#: 817154

Location

Listing Courtesy of RE/MAX Lifestyles

Sold By RE/MAX 10 Schererville

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Principal and Interest

$1,627

Property Taxes

$388

HOA Dues

$30

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Property Information for 130-132 Meadow Road

Property Details
  • Taxes: $4,660 / year
  • MLS Type: Residential Income
  • County: Lake County
  • Subdivision: The Meadows
  • Pets Allowed: Dogs OK
  • OriginalListPrice: $305,000.00
  • NRA_ExemptionYN: No
  • SpecialListingConditions: Agent Owned
  • NRA_AuctionYN: No
  • TaxAssessedValue: $252,000.00
  • NRA_EarnestMoneyDeposit: $5,000.00
Building Information
  • Residences: 2
  • Year Built: 1995
  • Lot Size: 0.40 AC / 17,424 SF
Summary
Location and General Information
  • Directions: 109th avenue to Meadow Road south to Meadow Circle to the properties at 130 & 132.
  • City/Town: Crown Point
  • State: IN
  • Township: Winfield
  • ZIP: 46307
  • Latitude: 41.42
  • Longitude: -87.23
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $4,660.00
  • APN/Key #: 451709103009000047
  • Tax Year: 2023
  • Association Fee: $30.00
  • Association Fee Frequency: Monthly
  • Tax Legal Description: THE MEADOWS -- (TOWNHOMES) VILLAGES OF FOUR SEASONS UNIT 4-A and THE MEADOWS -- (TOWNHOMES) VILLAGES OF FOUR SEASONS UNIT 4-B
  • Association Fee Includes: Maintenance Grounds, Snow Removal
School Information
  • Junior High School: Robert Taft Middle School
  • Grade School: Jerry Ross Elementary School
  • High School: Crown Point High School
  • School District: Crown Point
Parking
  • Garage Description: Additional Parking, Driveway, On Street
Property
Lot Information
  • Lot Square Footage: 17,424.00
  • Square Footage Source: Assessor
  • Acres: .40
  • LotSizeSource: Assessor
  • WaterfrontYN: No
  • AboveGradeFinishedArea: 1800.0
  • View: City
Property and Assessments
  • Property Type: Residential Income
  • Year Built: 1995
  • Lot Description: Back Yard, Corner Lot
  • AdditionalParcelsYN: Yes
  • NewConstructionYN: No
  • GarageYN: No
  • AssociationYN: Yes
Utilities
  • Sewer: Public Sewer
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Amenities: Maintenance Grounds, Snow Removal
  • Exterior Features: None
  • Levels: One
  • PatioAndPorchFeatures: Covered, Front Porch
Interior Features
  • Appliances: Dishwasher, Washer, Refrigerator, Range Hood, Dryer
  • Basement: No
  • Total Full Baths: 3
  • Total 1/2 Baths: 0
  • Total 3/4 Baths: 0
  • Total Baths: 3
  • Bedrooms: 4
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Laminate, Vinyl
  • Heat Type: Forced Air
  • Interior Features: Ceiling Fan(s), High Ceilings, Laminate Counters
  • Roof: Asphalt
  • Total # of Rooms: 8
  • FireplaceYN: No
Multi Family
Multi-Family Information
  • # of Units: 2
Rental
Rental Information
  • TenantPays: Electricity, Gas, Water, Sewer
  • OwnerPays: Exterior Maintenance, Taxes, Insurance

Property History for 130-132 Meadow Road

DateEvent & SourcePriceAppreciation
Apr 21, 2025

Sold

Northwest Indiana REALTORS® Association #817154

$320,000
Mar 10, 2025

Pending

Northwest Indiana REALTORS® Association #817154

Mar 10, 2025

In Contract

Northwest Indiana REALTORS® Association #817154

DateEvent & SourcePrice
04/21/2025

Sold

Northwest Indiana REALTORS® Association #817154

$320,000
03/10/2025

Pending

Northwest Indiana REALTORS® Association #817154

03/10/2025

In Contract

Northwest Indiana REALTORS® Association #817154

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 130-132 Meadow Road

This home is within Crown Point Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Winfield Elementary School
PublicPK to 5

Jerry Ross Elementary School
PublicK to 5

Colonel John Wheeler Middle School
Public6 to 8

Crown Point High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Lifestyles

Based on information submitted to the MLS GRID as of 04/23/2025 12:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.