2-Bedroom Patio Home with Sun
10630 W 115th Court Cedar Lake, IN 46303
10630 W 115th Court, Cedar Lake, IN, 46303
$295,000
For Sale
$295,000
SINGLE_FAMILY - Cedar Lake, IN
Property Size1,517 SF
Lot Size0.36 Acres
Price / SF$194.46
Days on Market60
Property Features for 10630 W 115th Court
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room, Kitchen
- Parking features
- Garage, Open, Driveway
- Security features
- Security System
- Patio and Porch features
- Patio, Porch
- Interior features
- Cathedral Ceiling(s), Walk-In Closet(s), Open Floorplan, Eat-in Kitchen, Entrance Foyer, Ceiling Fan(s)
- Appliances
- Dryer, Water Softener Owned, Washer, Refrigerator, Range, Microwave, Dishwasher
- Standard status
- Active
- APN
- 451509376007000013
- Size
- 1,517 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- GOLFVIEW SUBDIVISION PHASE A LOT 142 EX. SW'LY 22.78FT
- Tax Annual Amount
- 1959
Utilities
- Heating system
- Central, Forced Air, Natural Gas
- Water source
- Well
Building Details
- Year built
- 2006
- Floors in Building
- 1
Listing Agency
McColly Real Estate
(219) 926-1616
560-4 Indian Boundary Road, Schererville, IN
Listed by
Paul Boyter · License #RB14020663
(219) 789-1228
Added: May 20 Checked: Jul 18 at 5:06 am
MLS# 839238
Listing URL
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.
Enjoy easy one-level living in this beautifully maintained patio home offering 2 bedrooms and 2 bathrooms. The interior spans 1,517 square feet and features hardwood floors in the living room, along with a bright sun room that overlooks a peaceful meadow setting. The kitchen includes all appliances, and the laundry room is equipped with a washer and dryer, plus pull-down attic stairs for additional storage. A utility room with a sink, an included water softener, and a reverse osmosis system add day-to-day convenience. An attached 2-car garage rounds out the layout.
Located at 10630 W 115th Court in Cedar Lake, this home sits on a quiet cul-de-sac. The property is part of an HOA with a $272 monthly fee that covers mowing, snow removal, garbage, and sewer.
Additional practical details include approximately $2,000 per year in property taxes, supporting a low-maintenance ownership experience.
Located at 10630 W 115th Court in Cedar Lake, this home sits on a quiet cul-de-sac. The property is part of an HOA with a $272 monthly fee that covers mowing, snow removal, garbage, and sewer.
Additional practical details include approximately $2,000 per year in property taxes, supporting a low-maintenance ownership experience.
Key Highlights
- One‑level 2 bed, 2 bath patio home built in 2006 with 1,517 SF of living space
- Kitchen includes refrigerator, range, microwave, and dishwasher; open floorplan with eat‑in kitchen
- Hardwood floors in the living room plus a sun room overlooking a meadow setting
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 | $22.8k | $15.00 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $21.5k | $14.20 |
| − OpEx | −$6.5k | −$4.26 |
| NOI | $15.1k | $9.94 |
1,517 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.4K
$188.5K – $251.4K
NOI $15,081 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$191.7K
$167.8K – $223.7K
NOI $13,421 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$423.5K
$370.6K – $494.1K
NOI $29,644 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained one-level patio home with hardwood floors, a sun room, and an attached 2-car garage.
Where is this duplex located?
The property is located at 10630 W 115th Court Cedar Lake, IN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: One‑level 2 bed, 2 bath patio home built in 2006 with 1,517 SF of living space; Kitchen includes refrigerator, range, microwave, and dishwasher; open floorplan with eat‑in kitchen; Hardwood floors in the living room plus a sun room overlooking a meadow setting
