13131-35 Schneider Street, Cedar Lake, IN 46303
MULTI_FAMILY - Cedar Lake, IN
- Added:
- Jun 21, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 21 at 3:06 pm
Property Features for 13131-35 Schneider Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3
- Fireplace
- 1
- Appliances
- Dryer, Washer, Refrigerator, Range, Gas Water Heater
- Standard status
- Active
- APN
- 451521352019000014
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Pt. W.1/2 SW.1/4 S.21 T.34 R.9 (139.77x106x87.16x113.5x185.3ft.) 0.581Ac
- Tax Annual Amount
- 8200
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Water source
- Well
Building Details
- Year built
- 1945
- Floors in Building
- 1
Listing agent David Harkabus License #RB14042838 (219) 313-1669
Listing office BHHS Executive Realty 1201 N. Main St, Crown Point, IN (219) 663-1986
Listing date Jun 21, 2026
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.
HighLights
- Two separate homes on one property, each with its own basement and garage
- South unit: 3 bedrooms, 1 bath, 1,127 SF, plus 1‑car garage
- North unit: 2 bedrooms, 1 bath, 1,063 SF, plus 2‑car garage
- Shared features in both units: hardwood floors, covered porches, separate basements, and separate garages
- Updates include HVAC (2019) and roof (2019), plus water heaters and appliances (2017), well and pump (2014), windows (2010), and blown‑in insulation (2009)
- Appliances included: stove, refrigerator, washer, and dryer; owned water softener; gas water heater and central heating
Overview
According to the disclosures, there is minor basement seepage in the South Unit during extreme rainfall events. The North Unit experienced minor seepage after the unusually heavy June 16–18 rain event, noted by the tenant as the first occurrence in three years. Additional noted items include that both chimneys need some repair, and that the covered porches are missing a piece of wrought iron railing. The covered porches were not intended as entrances, and there are no stairs leading to them.
Recent major updates include HVAC (2019), roof (2019), water heaters and appliances (2017), well and pump (2014), windows (2010), and blown-in insulation (2009). With separate basements and garages for each unit, this layout can support an owner-occupant strategy or a tenant-occupied income approach. The seller also discloses the property has an owned water softener servicing both homes, and chimneys requiring repair should be considered in any underwriting or budgeting.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $15.00 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $31.1k | $14.20 |
| − OpEx | −$9.3k | −$4.26 |
| NOI | $21.8k | $9.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar Lake
- County
- Lake
- State
- Indiana
- Longitude
- -87.467867
- Latitude
- 41.379631
