Quality Ranch Villa with Full
For Sale
$424,900
10312 W 133rd Place, Cedar Lake, IN 46303
Residential, Cedar Lake, IN
Property Size1,778 SF
Lot Size0.11 Acres
Price / SF$238.98
Days on Market93
Property Features for 10312 W 133rd Place
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3, Kitchen, Basement
Parking features
Garage, Driveway, Open
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Walk-In Closet(s), Stone Counters, Open Floorplan, Kitchen Island, Eat-in Kitchen, Entrance Foyer
Basement
Interior Entry
Appliances
Disposal, Water Softener Owned, Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Summer Winds #1
Lot features
Back Yard, Sprinklers In Front, Landscaped, Cul-De-Sac
Directions
From US 41 in Cedar Lake, head east on W 133rd Ave. Turn south onto King Street, then west on W. 133rd Place to home on north side of cul-de-sac.
Standard status
Active
APN
451528204004000014
Size
1,778 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUMMER WINDS UNIT 1 PT. OF LOT 22 (10312 W 133RD PL)
Tax Annual Amount
31
HOA Fee
$120 Monthly
Legal Description
SUMMER WINDS UNIT 1 PT. OF LOT 22 (10312 W 133RD PL)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Keller Williams Preferred Real · Keller Williams Realty
(708) 798-1111
Listed By:
Tiffany Dowling · License #RB14050408
(219) 808-7584
Added: Jul 17
Changed: Oct 17
Last Checked: Oct 17 at 3:06AM
MLS# 842470
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.
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Investment Insights
Based on property information with market context.
Quality-built ranch-style paired villa offers an open-concept layout with a spacious great room that flows into the kitchen and dining area. The home includes 3 bedrooms and 2 bathrooms, with an upgraded primary suite. The kitchen features white soft-close cabinetry, quartz countertops, stainless appliances that stay, and an oversized eat-in island.
The property includes professionally landscaped grounds with fresh sod, new plantings, and a low-maintenance exterior. A full unfinished basement provides additional flexibility, with an egress window and rough-in plumbing for a future bathroom.
Located in Cedar Lake, IN, near the lake per the seller’s remarks, this home presents a ranch configuration designed for comfortable one-level living with basement expansion potential.
The property includes professionally landscaped grounds with fresh sod, new plantings, and a low-maintenance exterior. A full unfinished basement provides additional flexibility, with an egress window and rough-in plumbing for a future bathroom.
Located in Cedar Lake, IN, near the lake per the seller’s remarks, this home presents a ranch configuration designed for comfortable one-level living with basement expansion potential.
Key Highlights
- Under construction, 2026‑built 3‑bedroom, 2‑bath ranch‑style paired villa
- Open floorplan with great room, kitchen island, eat‑in kitchen, and ceiling fans
- Stone counters and kitchen includes refrigerator, microwave, gas range, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,730
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,600
$314.6K
Cap Rate 7%
$224,714
$224.7K
Cap Rate 9%
$174,778
$174.8K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$30.3K $17.04/SF
− Vacancy
−$1.7K −$0.95/SF
EGI
$28.6K $16.09/SF
− OpEx
−$12.9K −$7.24/SF
NOI
$15.7K $8.85/SF
Area
Lake County, IN
Vacancy
5.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,600
Cap Rate 7%
$224,714
Cap Rate 9%
$174,778
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$496.3K
$434.3K – $579.1K
NOI $34,744 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 46303, IN
17,028
Population
6,922
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
95%
High-School Grad
28.8 sq mi
ZIP Area
591
Density / Sq Mi
$78,659
Median Household Income
$43,217
Median Earnings
$1,197
Median Rent
$271,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Single family property - Turnkey ranch-style home with 3 bedrooms, 2 baths, an open-concept living area, and a full unfinished basement.
Where is this single family property located?
The property is located at 10312 W 133rd Place Cedar Lake, IN.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Under construction, 2026‑built 3‑bedroom, 2‑bath ranch‑style paired villa; Open floorplan with great room, kitchen island, eat‑in kitchen, and ceiling fans; Stone counters and kitchen includes refrigerator, microwave, gas range, and dishwasher
