Maintained Duplex With Heated
New
For Sale
$335,000
1081 Wildwood Lane, Schererville, IN 46375
SINGLE_FAMILY - Schererville, IN
Property Size1,460 SF
Lot Size0.13 Acres
Price / SF$229.45
Days on Market2
Property Features for 1081 Wildwood Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Dining Room, Laundry Room, Bedroom 2, Bathroom 1
Parking features
Open, Garage, Driveway, Off Street, On Street
Window features
Insulated Windows, Blinds
Patio and Porch features
Porch, Patio
Interior features
Double Vanity, Walk-In Closet(s), Recessed Lighting, Pantry, Open Floorplan, Eat-in Kitchen, Entrance Foyer
Exterior features
Private Yard, Rain Gutters
Appliances
Dryer, Washer, Range Hood, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher, Disposal
Subdivision
Lakewood Estates
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard, Few Trees, Corner Lot
High school
Lake Central High School
Elementary school district
Lake Central
Middle school district
Lake Central
High school district
Lake Central
Directions
From 41, 'Rt 30; W to Fountain Park Dr; Turn R, go to stop sign(Caroline Ave); Turn L, go to Burlwood; House is on corner of Burlwood and Wildwood.
Standard status
Active
APN
451108455001000036
Size
1,460 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKEWOOD ESTATES W1/2 OF LOT 22
Tax Annual Amount
2419
HOA Fee
$720 Semi-Annually
Legal Description
LAKEWOOD ESTATES W1/2 OF LOT 22
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Central
Water source
Public
Amenities
heated garage
paver patio
laundry room
Building Details
Year built
2003
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 934-6300
Listed By:
Julie Varnes
(219) 741-2772
Added: Aug 12
Last Checked: Aug 13 at 2:06AM
MLS# 843786
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,460-square-foot duplex, built in 2003 on a 0.13-acre lot, combines a two-bedroom, two-bath layout with practical interior finishes. Bamboo flooring extends through the main living areas, while ceramic tile serves the entry and bathrooms. The home also includes an open floor plan, eat-in kitchen, pantry, walk-in closet, double vanity, recessed lighting, and a dedicated laundry room. A heated garage adds useful enclosed parking and storage.
The kitchen connects directly to a paver patio and private yard, with a porch and rain gutters also included. Appliances include a gas range, refrigerator, microwave, dishwasher, disposal, washer, and dryer. Public water and public sewer serve the property, with natural-gas forced-air heating and central air. The property is in Schererville near shopping, dining, parks, and major roadways.
The kitchen connects directly to a paver patio and private yard, with a porch and rain gutters also included. Appliances include a gas range, refrigerator, microwave, dishwasher, disposal, washer, and dryer. Public water and public sewer serve the property, with natural-gas forced-air heating and central air. The property is in Schererville near shopping, dining, parks, and major roadways.
Key Highlights
- 1,460 SF duplex on a 0.13‑acre lot
- Two‑bedroom, two‑bath layout with open floor plan
- Heated garage with driveway and additional parking options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,280
$290.3K
Cap Rate 7%
$207,343
$207.3K
Cap Rate 9%
$161,267
$161.3K
Market Conditions
NOI Build-Up for 1,460 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.9K $15.00/SF
− Vacancy
−$1.2K −$0.80/SF
EGI
$20.7K $14.20/SF
− OpEx
−$6.2K −$4.26/SF
NOI
$14.5K $9.94/SF
Area
Lake County, IN
Vacancy
5.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,280
Cap Rate 7%
$207,343
Cap Rate 9%
$161,267
Alternative Uses
Best Use
Multifamily LT 5
$207.3K
$181.4K – $241.9K
NOI $14,514 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$184.5K
$161.5K – $215.3K
NOI $12,917 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$407.6K
$356.6K – $475.5K
NOI $28,530 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 46375, IN
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom duplex with bamboo flooring, a dedicated laundry room, and a paver patio adjoining the kitchen.
Where is this duplex located?
The property is located at 1081 Wildwood Lane Schererville, IN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,460 SF duplex on a 0.13‑acre lot; Two‑bedroom, two‑bath layout with open floor plan; Heated garage with driveway and additional parking options
