7316 W 140th Pl, Cedar Lake, IN, 46303
About This Home
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!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1957
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: None
Basement
- Basement: Crawl Space
Bedroom2
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom3
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom4
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom5
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Bedroom6
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Features
- None
- Finished area above ground: 3,240
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 3,240
- Total interior livable area: 3,240 sqft
Kitchen
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Other
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Other
- Level: Upper
- Area: 0
- Dimensions: 0.0 x 0.0
Primary Bedroom
- Level: Main
- Area: 0
- Dimensions: 0.0 x 0.0
Property
Details
- Parcel number: 451526378028000043
- Zoning description: residential
- Special condition: None
Features
- Levels: Bi-Level
- Pool features: None
- Exterior features: Private Yard,Storage
- Has view: Yes
- View description: Neighborhood,Trees/Woods
Lot
- Lot size: 0.43 Acres
- Features: Back Yard,Wooded,Front Yard
Parking
- Parking features: Driveway,Gravel
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,137 | $13,644 |
| Home Insurance * | $96 | $1,152 |
| Property Taxes | $148 | $1,776 |
| Electricity | $297 | $3,564 |
| Total | $1,678 | $20,136 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-07 | Price change | $225,000 |
| 2026-05-19 | Listed for sale | $265,000 |
| 2022-11-28 | Sold | $135,000 |
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