14424 Morse Street Cedar Lake, IN ^$ 1,490,000

14424 Morse Street

^$ 1,490,000

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14424 Morse Street

Cedar Lake, IN, 46303

^$ 1,490,000

Bedrooms-- Baths-- Sq 13,320

Monthly Estimate*

^$ 9,408

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Commercial Property for sale in Cedar Lake, IN

for $1,490,000. This 13,320 square foot building was built in 1930 on a lot size of 0.567.

This exceptional investment opportunity offers 15 residential units and one retail space in the highly desirable and supply-constrained Cedar Lake rental market. Nearly all residential units have been recently renovated with modern finishes, providing investors with a turnkey asset that requires minimal immediate capital improvements. The property's strong in-place cash flow, significant unit count, and continued potential for future rent growth make it an outstanding opportunity for investors seeking both stability and long-term upside in one of Northwest Indiana's most sought-after rental markets.

Commercial Active

Price

^$ 1,490,000

Property Type

Commercial

Taxes

^$ 17,973

Style

Multi Family

Lot Size

0.567

Year Built

1930

Town/City

Cedar Lake

County/Region

Lake

MLS | Web ID

842277

Features

Interior

Interior Amenities Other

Laundry Features Main Level

General

Sewer Public Sewer

Heating Forced Air Other

Utilities Electricity Connected Water Connected Sewer Connected Other Natural Gas Connected

Appliances Other

Year Built 1930

Electric 100 Amp Service

Township Center

Property Subtype Multi Family

Tax Year 2024

Gross Income 194818

County Lake

Net Operating Income 114375

Property Type Commercial Sale

Building Features Other

Status Active

Directions From Interstate 65 take Exit 240 (IN-231/Crown Point) and head west on IN-231. Continue for 8 miles then turn left onto US-41. Travel about 3 miles before turning right onto W. 133rd Avenue. Turn lef

City Cedar Lake

Lot Size Square Feet 24699

Listing Terms Cash Other Conventional

Tax Annual Amount 17973

Standard Status Active

Legal Description PT. GOV LOT 2 SE. NW. 103.98X238.71X102.41X238.71FT. S.35 T.34 R.9 .567AC.

Exterior

Exterior Amenities Other

Lot Features Other

Water Source Public

Total Parking 26

Lot Size Acres 0.567

Lot Size Source Appraiser

Waterfront Y/N N

* Excluded Features

List By

Andrew Page

Listing Agent

Ellsbury Group

Broker

andypage201@yahoo.com

Affordability Calculator

$10,906

Per Month

Monthly Principal & Interest: $9,408
Monthly Property Taxes: $1,498
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Cedar Lake, IN

Average List Price ^$745,820

Percent of Sale Price 50%

About Cedar Lake, IN

13,014 Population

31% Since 2002

^$64,260 Median Income

38.54 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/14/2026	$1,490,000		Listed Price

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14424 Morse Street, Cedar Lake, IN, 46303 is a Commercial Property for sale at $1,490,000 with 13,320 sqft and a lot size of 0.567. 14424 Morse Street was built in 1930. The property's zip code is 46303 which is in Cedar Lake, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/15/2026.

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14424 Morse Street

Commercial Property for sale in Cedar Lake, IN

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