Half-Duplex Ranch Home with
For Sale
$424,900
13442 Madison Avenue, Cedar Lake, IN 46303
Residential, Cedar Lake, IN
Property Size1,778 SF
Lot Size0.15 Acres
Price / SF$238.98
Days on Market158
Property Features for 13442 Madison Avenue
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Basement, Kitchen, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking features
Open
Patio and Porch features
Porch, Patio
Basement
Interior Entry
Appliances
Disposal, Water Softener Owned, Refrigerator, Microwave, Gas Range, Dishwasher
Subdivision
Summer Winds Un #2 Sub
Lot features
Landscaped, Sprinklers In Front
Directions
From 133rd Ave. go South onto King St., West onto 133rd Pl., left onto Madison Ave. to home.
Standard status
Active
APN
451528208014000014
Size
1,778 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SUMMER WINDS UNIT 2 N.1/2 OF LOT 30 (13442 MADISON AVE)
Tax Annual Amount
30
Legal Description
SUMMER WINDS UNIT 2 N.1/2 OF LOT 30 (13442 MADISON AVE)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
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:
Matthew Maloney · License #RB14045444
(312) 446-5748
Added: May 13
Changed: Sep 24
Last Checked: Oct 17 at 6:06AM
MLS# 838794
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.
A brand-new, single-level half-duplex ranch home offering a 3-bedroom, 2-bath layout with an open, light-filled design. The main floor includes a spacious living area and a kitchen designed for everyday use, with both full bathrooms conveniently located on the same level.
The home sits at 13442 Madison Avenue in Cedar Lake, Indiana. Outside, the property features a fully landscaped yard with fresh sod, new plantings, and a low-maintenance approach.
An expansive full unfinished basement adds flexibility, including an egress window and rough-in for a future bathroom. The additional level provides room to expand living space or accommodate projects such as a home gym, workshop, or guest-ready setup.
The home sits at 13442 Madison Avenue in Cedar Lake, Indiana. Outside, the property features a fully landscaped yard with fresh sod, new plantings, and a low-maintenance approach.
An expansive full unfinished basement adds flexibility, including an egress window and rough-in for a future bathroom. The additional level provides room to expand living space or accommodate projects such as a home gym, workshop, or guest-ready setup.
Key Highlights
- Brand‑new 3‑bedroom, 2‑bath single‑level ranch half‑duplex under construction (Year built: 2026)
- Full unfinished basement with egress window and rough‑in plumbing for a future bathroom
- Open, one‑level main floor layout with living room and kitchen, plus two full bathrooms on the main floor
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
308
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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Frequently Asked Questions
What type of property is this?
Single family property - New single-level half-duplex with 3 bedrooms, 2 baths, and a full unfinished basement with egress window.
Where is this single family property located?
The property is located at 13442 Madison Avenue 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: Brand‑new 3‑bedroom, 2‑bath single‑level ranch half‑duplex under construction (Year built: 2026); Full unfinished basement with egress window and rough‑in plumbing for a future bathroom; Open, one‑level main floor layout with living room and kitchen, plus two full bathrooms on the main floor
