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$265,000

  • For Sale
  • Active
  • Single Family
  • 8 Beds
  • 3,240 Sq. Ft.
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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!

Full Property Details for 7316 W 140th Pl

General

  • Price: $265,000
  • Taxes: $2,767 (2024)
  • Status: Active
  • Type: Single Family
  • Source: GNIAR
  • MLS ID: 820979
  • Updated: 12/18/2025
  • Added to Site: 244 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: None
  • Appliances: None

Rooms

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Private Yard, Storage

Parking

  • Parking Features: Driveway, Gravel

Location

  • County: Lake
  • Township: Center
  • Subdivision: C N Straights Sub
  • Driving Directions: Morse south to 140th Pl - right on 140th Pl. Home is first house on the right.

School Information

  • High School District: Crown Point

Heating & Cooling

  • Heating Type: Forced Air, Natural Gas

Structural Information

  • Square Feet: 3,240
  • Year Built: 1957

Lot Features

  • Lot Size (Acres): 0.4316
  • Lot Size (Sq. Ft.): 18,800
  • Lot Features: Back Yard, Wooded, Front Yard
  • Zoning: residential

Financial Considerations

  • Tax Amount: $2,767
  • Tax Year: 2024
  • Terms: Cash

Disclosures and Reports

  • Legal Description: CHAS. N. STRAIGHT'S SUBDIV. BL.1 LOTS 10 & 11
  • Property ID: 451526378028000043

Listed by Trueblood Real Estate, LLC

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Listing agents

— 7316 W 140th Pl —

  • Trueblood Real Estate, LLC

  • Trueblood Real Estate, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7316 W 140th Pl

School District:Crown Point Community School Corporation
NameGradesDistance
Douglas Macarthur Elementary School, Cedar Lake, IN
12900 Fairbanks Street, Cedar Lake, IN 46303
K-51.4 mi
Robert Taft Middle School
1000 South Main Street, Crown Point, IN 46307
6-84 mi
Crown Point High School
1500 South Main Street, Crown Point, IN 46307
9-123.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7316 W 140th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/15/2025
Price Reduced
$265,000
-3.64%
MLS
5/18/2025
Listed
$275,000
103.7%
MLS
11/18/2022
Sold
$135,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7316 W 140th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,512
-60%
$253,300
11%
2023
$6,350
-12%
$228,200
2%
2022
$7,249
100%
$222,800
8%
2020
-100%
$206,300
-2%
2019
$2,865
—
$209,700
4%
2019
$2,865
-15%
$201,600
3%
2018
$3,356
49%
$195,800
4%
2017
$2,255
—
$187,600
20%
2017
$2,255
-17%
$156,300
—
2016
$2,728
64%
$155,900
2%
2015
$1,664
-20%
$153,500
-5%
2013
$2,078
-7%
$161,600
-5%
2012
$2,231
—
$170,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Trueblood Real Estate, LLC

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7316 W 140th Place, Cedar Lake, IN 46303 (MLS# 820979) is a Single Family property with 8 bedrooms and 0 full bathrooms. 7316 W 140th Place is currently listed for $265,000 and was received on May 18, 2025. Want to learn more about 7316 W 140th Place? Do you have questions about finding other Single Family real estate for sale in Cedar Lake? You can browse all Cedar Lake real estate or contact a Coldwell Banker agent to request more information.

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