All-Brick Duplex with Separate
For Sale
$369,000
Pending
13131-35 Schneider Street, Cedar Lake, IN 46303
MULTI_FAMILY - Cedar Lake, IN
Property Size2,190 SF
Lot Size0.60 Acres
Days on Market46
Property Features for 13131-35 Schneider Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 5
Fireplace
1
Appliances
Dryer, Washer, Refrigerator, Range, Gas Water Heater
Lot features
Back Yard, Front Yard
Directions
41 / EAST ON 133RD / NORTH ON SCHNEIDER
Standard status
Pending
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
Legal Description
Pt. W.1/2 SW.1/4 S.21 T.34 R.9 (139.77x106x87.16x113.5x185.3ft.) 0.581Ac
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Water source
Well
Building Details
Year built
1945
Floors in Building
1
Listing Agency:
BHHS Executive Realty
(219) 663-1986
Listed By:
David Harkabus · License #RB14042838
(219) 313-1669
Added: Jun 21
Changed: Aug 1
Last Checked: Aug 5 at 9:06PM
MLS# 841036
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 all-brick duplex features two separate homes on one property, with each unit having its own basement and garage. The South Unit has three bedrooms and one bathroom with a 1-car garage and 1,127 SF. The North Unit offers two bedrooms and one bathroom with a 2-car garage and 1,063 SF. Both homes include hardwood floors, covered porches, and in-unit appliances including a stove/range, refrigerator, washer, and dryer, along with an owned water softener. Heating is natural gas with central systems, and the property includes fireplaces.
The property sits on a 0.6-acre lot with well water and public sewer. Major updates include HVAC in 2019, the roof in 2019, water heaters and appliances in 2017, the well and pump in 2014, windows in 2010, and blown-in insulation in 2009.
The property is sold AS IS with no repairs. Seller disclosures note minor basement seepage in the South Unit during extreme rainfall, and minor seepage in the North Unit after the June 16–18 heavy rain event, described as the first occurrence in three years. Both chimneys need some repair.
The property sits on a 0.6-acre lot with well water and public sewer. Major updates include HVAC in 2019, the roof in 2019, water heaters and appliances in 2017, the well and pump in 2014, windows in 2010, and blown-in insulation in 2009.
The property is sold AS IS with no repairs. Seller disclosures note minor basement seepage in the South Unit during extreme rainfall, and minor seepage in the North Unit after the June 16–18 heavy rain event, described as the first occurrence in three years. Both chimneys need some repair.
Key Highlights
- Two separate homes on one property with separate basements and garages
- South Unit: 3 bed, 1 bath, 1,127 SF, 1‑car garage
- North Unit: 2 bed, 1 bath, 1,063 SF, 2‑car garage
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 |
2,190 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.2K – $362.9K
NOI $21,772 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$611.4K
$534.9K – $713.3K
NOI $42,795 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
245
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
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 - All-brick duplex on a 0.6-acre lot with two separate units, each with a garage and basement.
Where is this duplex located?
The property is located at 13131-35 Schneider Street Cedar Lake, IN.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two separate homes on one property with separate basements and garages; South Unit: 3 bed, 1 bath, 1,127 SF, 1‑car garage; North Unit: 2 bed, 1 bath, 1,063 SF, 2‑car garage
