Updated Ranch Duplex with Private
1880 Great Lakes Drive Dyer, IN 46311
For Sale
$349,900
Pending
SINGLE_FAMILY - Dyer, IN
Property Size1,604 SF
Lot Size0.15 Acres
Days on Market10
Property Features for 1880 Great Lakes Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 2, Den, Bathroom 2, Dining Room, Laundry Room, Bathroom 1, Bedroom 1
Parking features
Open, Driveway
Interior features
Ceiling Fan(s), Open Floorplan, High Ceilings, Granite Counters
Appliances
Dishwasher, Refrigerator, Microwave
Standard status
Pending
APN
451107377015000034
Size
1,604 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ROCKWELL SUBDIVISION PHASE 1 NW'LY 48.50FT OF LOT 106
Tax Annual Amount
2706
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Elaine Eich · License #IN RB14046391
(219) 765-1015
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 30 at 4:06AM
MLS# 842622
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 move-in-ready open-concept, ranch-style duplex features a spacious great room and dining room combination. The layout includes two generously sized bedrooms and an additional den that can serve as an office or a potential third bedroom. The large kitchen provides ample cabinet space and includes a dedicated coffee bar area. Updates include beautifully updated bathrooms, new lighting, and newly installed ceiling fans throughout, and all appliances are included with a one-year-old washer and dryer.
Outside, enjoy a private backyard retreat with an expansive brick patio and professional landscaping with numerous perennials. Additional highlights include a whole-house generator and a finished garage with epoxy flooring.
The association fee covers snow removal, lawn care, a sprinkler system, access to the pool, and the clubhouse.
Outside, enjoy a private backyard retreat with an expansive brick patio and professional landscaping with numerous perennials. Additional highlights include a whole-house generator and a finished garage with epoxy flooring.
The association fee covers snow removal, lawn care, a sprinkler system, access to the pool, and the clubhouse.
Key Highlights
- Ranch‑style duplex built in 2004 with an open floorplan, high ceilings, and a great room/dining room combination
- Updated kitchen with granite counters and included appliances: dishwasher, refrigerator, and microwave
- Two bedrooms plus a den that can serve as an office (or potential third bedroom) and two bathrooms
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 | $24.1k | $15.00 |
| − Vacancy | −$1.3k | −$0.80 |
| EGI | $22.8k | $14.20 |
| − OpEx | −$6.8k | −$4.26 |
| NOI | $15.9k | $9.94 |
1,604 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$202.7K
$177.4K – $236.5K
NOI $14,191 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$447.8K
$391.8K – $522.4K
NOI $31,344 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready open-concept ranch duplex with two bedrooms plus den and a brick patio.
Where is this duplex located?
The property is located at 1880 Great Lakes Drive Dyer, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Ranch‑style duplex built in 2004 with an open floorplan, high ceilings, and a great room/dining room combination; Updated kitchen with granite counters and included appliances: dishwasher, refrigerator, and microwave; Two bedrooms plus a den that can serve as an office (or potential third bedroom) and two bathrooms
