773 chapman lake

Enjoy commanding views and beautiful sunsets over Big Chapman Lake with this year around home on a double lakefront lot on the popular east side on Chapman Lake Drive. Currently set up as a tri-plex, the upper level (previously leased for $1,300 per month) offers an open floor plan lakeside (living, dining, kitchen) with a glass slider leading to the 16x28 lakeside balcony deck. Master bedroom has a large walk-in closet, main bath has a dual sink vanity and a ceramic tiled shower. Lower level is finished into two apartments: 1 BR rents for $700 per month, and 2 BR rents for $700 per month (seller pays utilities and tenants can use the lower level patio area). Room info & measurements are for the main living area (upper). Mature shrubbery lined side property lines offers a private park like lakefront setting with ample room for social gatherings. Supplement your mortgage payment with income from the two lower level apartments, or rent out all 3 units and build your dream house later on. Rare double lot may allow the potential of two building sites for new construction. Big Chapman Lake is only two hours from Indianapolis or Chicago and is a spring fed all-sport lake (one cleanest lakes in Indiana) and is connected by a 2-way channel to Little Chapman Lake (10 mph fishing lake). Good swimming and fishing right off the seawall (tapered firm lake bottom). Great location near the local marina convenience store and the CLCA Conservation Clubhouse and just a short boat ride to the social gathering areas (sandbars). Spectacular 4th of July fireworks on the lake thru the Conservation Association. NIPSCO natural gas, REMC electric, 4 inch well, newer septic system, Mediacom cable TV service, Leesburg Elementary School district.