Updated Ranch Duplex with Private
1880 Great Lakes Drive Dyer, IN 46311
New
1880 Great Lakes Drive, Dyer, IN, 46311
$349,900
For Sale
$349,900
SINGLE_FAMILY - Dyer, IN
Property Size1,604 SF
Lot Size0.15 Acres
Price / SF$218.14
Days on Market1
Property Features for 1880 Great Lakes Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Den, Dining Room, Bathroom 1
- Parking features
- Driveway, Open
- Interior features
- Ceiling Fan(s), Open Floorplan, High Ceilings, Granite Counters
- Appliances
- Dishwasher, Refrigerator, Microwave
- Standard status
- Active
- APN
- 451107377015000034
- Size
- 1,604 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ROCKWELL SUBDIVISION PHASE 1 NW'LY 48.50FT OF LOT 106
- Tax Annual Amount
- 2706
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 1
Listing agency
McColly Real Estate
(219) 322-5508
Listed by
Elaine Eich · License #IN RB14046391
(219) 765-1015
Added: Jul 21 Checked: Jul 21 at 7:06PM
MLS# 842622
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 move-in-ready open-concept, ranch-style duplex features a spacious great room and dining room combination. The layout includes two generously sized bedrooms and an additional den that can serve as an office or a potential third bedroom. The large kitchen provides ample cabinet space and includes a dedicated coffee bar area. Updates include beautifully updated bathrooms, new lighting, and newly installed ceiling fans throughout, and all appliances are included with a one-year-old washer and dryer.
Outside, enjoy a private backyard retreat with an expansive brick patio and professional landscaping with numerous perennials. Additional highlights include a whole-house generator and a finished garage with epoxy flooring.
The association fee covers snow removal, lawn care, a sprinkler system, access to the pool, and the clubhouse.
Outside, enjoy a private backyard retreat with an expansive brick patio and professional landscaping with numerous perennials. Additional highlights include a whole-house generator and a finished garage with epoxy flooring.
The association fee covers snow removal, lawn care, a sprinkler system, access to the pool, and the clubhouse.
Key Highlights
- Ranch‑style duplex built in 2004 with an open floorplan, high ceilings, and a great room/dining room combination
- Updated kitchen with granite counters and included appliances: dishwasher, refrigerator, and microwave
- Two bedrooms plus a den that can serve as an office (or potential third bedroom) and two bathrooms
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 | $24.1k | $15.00 |
| − Vacancy | −$1.3k | −$0.80 |
| EGI | $22.8k | $14.20 |
| − OpEx | −$6.8k | −$4.26 |
| NOI | $15.9k | $9.94 |
1,604 SF · lease $15.00/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$202.7K
$177.4K – $236.5K
NOI $14,191 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$447.8K
$391.8K – $522.4K
NOI $31,344 @ 7.0% cap · market cap 8.96%
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 - Move-in-ready open-concept ranch duplex with two bedrooms plus den and a brick patio.
Where is this duplex located?
The property is located at 1880 Great Lakes Drive Dyer, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Ranch‑style duplex built in 2004 with an open floorplan, high ceilings, and a great room/dining room combination; Updated kitchen with granite counters and included appliances: dishwasher, refrigerator, and microwave; Two bedrooms plus a den that can serve as an office (or potential third bedroom) and two bathrooms
