Listing provided courtesy of Trueblood Real Estate, LLCNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 839148MLS Provider

7316 W 140th PlaceCedar Lake, IN 46303

Single Family · 8 Beds · 2 Full Baths · 3,240 Sq. ft. | 0.43 Acres
$265,000 Active

7316 W 140th Place Overview

Time on Site:
41 days
Visits:
0

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, new furnace and 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!

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7316 W 140th Place Facts & Features

  • Type Single Family
  • Sq. ft. 3,240
  • Price/Sq.ft. $82
  • Lot 0.43 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Crown Point
  • Elementary School: Douglas MacArthur Elementary Sch
  • Middle Or Junior School: Colonel John Wheeler Middle School
  • High School: Crown Point High School

Building Information

  • New Construction: false
  • Year Built: 1957

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: C N Straights Sub
  • Township: Center

Tax Information

  • Tax Annual Amount: 2756
  • Tax Assessed Value: 278200
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Parcel Number: 451526378028000043
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 8

Building Interior

  • Above Grade Finished Area: 3240

General Information

  • Appliances: None
  • Electric: 200+ Amp Service,Circuit Breakers
  • Fireplace: false
  • Heating: Forced Air,Natural Gas
  • Interior Features: None
  • Levels: Bi-Level
  • Living Area: 3240
  • Living Area Source: Other
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Features: Driveway,Gravel

Lot Information

  • Additional Parcels: false
  • Lot Features: Back Yard,Wooded,Front Yard
  • Lot Size Acres: 0.4316
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 18800
  • Water Source: Well

Waterfront/View

  • View: Neighborhood,Trees/Woods
  • Waterfront: false

Building Exterior/Construction

  • Property Attached: false

General Information

  • Exterior Features: Private Yard,Storage
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Water Available,Sewer Connected,Natural Gas Available,Electricity Connected

Room Information

Room: Bedroom 2

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Bedroom 3

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Bedroom 4

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Dining Room

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Kitchen

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Primary Bedroom

  • Level: Main
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Bedroom 5

  • Level: Upper
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Bedroom 6

  • Level: Upper
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0

Room: Other

  • Level: Upper
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0
  • Description: Bedroom 7

Room: Other

  • Level: Upper
  • Area: 0
  • Dimensions: 0.0 x 0.0
  • Length: 0
  • Width: 0
  • Description: Bedroom 8

7316 W 140th Place Neighborhood

Community

46303 (Cedar Lake) Demographics

38
Median Age
511
Population Density (per sq. mile)
29%
College Educated
$69,732
Estimated Median Income
4,302
Estimated Total Home Owners
1,150
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7316 W 140th Place Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7316 W 140th Place Market Data

Based on the last 30 days in this zip code

$456,344
Average List Price
$216
Average Price per Square Foot
34
Properties Sold
95
Average Days on Market
144
Properties for Sale
Calculations provided by Reliance Network

7316 W 140th Place History

Date Event Value Agent
5/19/2026Source: Northwest Indiana MLS Added to Database
May 19, 2026