Half-Duplex Ranch with Full
13442 Madison Avenue Cedar Lake, IN 46303
13442 Madison Avenue, Cedar Lake, IN, 46303
$439,000
For Sale
$439,000
SINGLE_FAMILY - Cedar Lake, IN
Property Size1,778 SF
Lot Size0.15 Acres
Price / SF$246.91
Days on Market67
Property Features for 13442 Madison Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Kitchen, Bedroom 2, Bedroom 1, Laundry Room, Bathroom 2, Basement, Bedroom 3, Bathroom 1
- Parking features
- Open
- Patio and Porch features
- Porch, Patio
- Basement
- Interior Entry
- Appliances
- Disposal, Water Softener Owned, Refrigerator, Microwave, Gas Range, Dishwasher
- 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
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
(708) 798-1111
16101 108th Ave, Schererville, IN
Listed by
Matthew Maloney · License #RB14045444
(312) 446-5748
Added: May 13 Checked: Jul 18 at 5:06 am
MLS# 838794
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.
New construction single-level half-duplex ranch home with a full basement. The main floor includes three bedrooms and two bathrooms, arranged for convenient, all-on-one-level living. Interiors feature an open, light-filled layout with a spacious living room and a kitchen designed for everyday use. The full basement is unfinished and includes an egress window and rough-in plumbing for a future bathroom.
The property is located at 13442 Madison Avenue in Cedar Lake, IN. The exterior includes a fully landscaped yard with fresh sod and new plantings, supported by a low-maintenance design.
With its complete main-floor functionality and basement features that support future expansion, the home provides a practical foundation for additional finished space while maintaining a straightforward ranch layout today.
The property is located at 13442 Madison Avenue in Cedar Lake, IN. The exterior includes a fully landscaped yard with fresh sod and new plantings, supported by a low-maintenance design.
With its complete main-floor functionality and basement features that support future expansion, the home provides a practical foundation for additional finished space while maintaining a straightforward ranch layout today.
Key Highlights
- Brand‑new 2026 single‑level 3‑bedroom, 2‑bath ranch half‑duplex currently under construction
- Full unfinished basement includes an egress window and rough‑in for a future bathroom
- Open, light‑filled main‑level layout with living room, kitchen, laundry room, and all main‑floor bedrooms/baths
Local Financial Insights For Apartment 5plus
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 | $30.3k | $17.04 |
| − Vacancy | −$1.7k | −$0.95 |
| EGI | $28.6k | $16.09 |
| − OpEx | −$12.9k | −$7.24 |
| NOI | $15.7k | $8.85 |
1,778 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$496.3K
$434.3K – $579.1K
NOI $34,744 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Brand-new single-level half-duplex with a full, unfinished basement featuring an egress window and rough-in for a future bath.
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 $439,000.
What are key features of this property?
This property features: Brand‑new 2026 single‑level 3‑bedroom, 2‑bath ranch half‑duplex currently under construction; Full unfinished basement includes an egress window and rough‑in for a future bathroom; Open, light‑filled main‑level layout with living room, kitchen, laundry room, and all main‑floor bedrooms/baths
