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!
Pending
Price cut: $40K (7/7)
$225,000
7316 W 140th Pl, Cedar Lake, IN 46303
8beds
3,240sqft
Single Family Residence
Built in 1957
0.43 Acres Lot
$339,500 Zestimate®
$69/sqft
$-- HOA
What's special
Energy-efficient new windowsFresh ductworkNew siding installedAll-new electrical wiringBrand-new roof
- 113 days
- 658
- 38
Zillow last checked:
Listing updated:
Listed by:
Jason Moon,
Trueblood Real Estate, LLC 219-558-0469,
Corine Beard,
Trueblood Real Estate, LLC
Source: NIRA as distributed by MLS GRID,MLS#: 839148
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 6, Other Room, Primary Bedroom, Kitchen, Dining Room, Bedroom 5, Bedroom 4, Bedroom 3
Primary bedroom
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 2
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 3
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 4
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 5
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom 6
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Dining room
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Kitchen
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Other
- Description: Bedroom 7
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Other
- Description: Bedroom 8
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Heating
- Forced Air, Natural Gas
Appliances
- Included: None
Features
- None
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 3,240
- Total interior livable area: 3,240 sqft
- Finished area above ground: 3,240
Property
Parking
- Parking features: Driveway, Gravel
- Has uncovered spaces: Yes
Features
- Levels: Bi-Level
- Exterior features: Private Yard, Storage
- Pool features: None
- Has view: Yes
- View description: Neighborhood, Trees/Woods
Lot
- Size: 0.43 Acres
- Features: Back Yard, Wooded, Front Yard
Details
- Parcel number: 451526378028000043
- Zoning description: residential
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Fixer
- New construction: No
- Year built: 1957
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Electricity Available, Water Available, Sewer Connected, Natural Gas Available, Electricity Connected
Community & HOA
Community
- Subdivision: C N Straights Sub
HOA
- Has HOA: No
Location
- Region: Cedar Lake
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $278,200
- Annual tax amount: $2,756
- Date on market: 5/19/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Estimated market value
$339,500
$289,000 - $390,000
$2,937/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Pending sale | $225,000$69/sqft |
Source:  NIRA as distributed by MLS GRID #839148 Report a problem | ||
| 7/7/2026 | Price change | $225,000-15.1%$69/sqft |
Source: NIRA as distributed by MLS GRID #839148 Report a problem | ||
| 5/19/2026 | Listed for sale | $265,000+96.3%$82/sqft |
Source: NIRA as distributed by MLS GRID #839148 Report a problem | ||
| 11/28/2022 | Sold | $135,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,768 +10.2% | $278,200 +9.8% |
| 2024 | $2,512 -49% | $253,300 +11% |
| 2023 | $4,926 +11.3% | $228,200 +2.4% |
| 2022 | $4,426 | $222,800 +8% |
| 2021 | -- | $206,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46303
Nearby schools
Schools provided by the listing agent
- Elementary: Douglas MacArthur Elementary Sch
- Middle: Colonel John Wheeler Middle School
- High: Crown Point High School
Source: NIRA as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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