To-Be-Built Ranch
7083 Johnson Street Merrillville, IN 46410
7083 Johnson Street, Merrillville, IN, 46410
$278,685
For Sale
$278,685
SINGLE_FAMILY - Merrillville, IN
Property Size1,469 SF
Lot Size0.15 Acres
Price / SF$189.71
Days on Market19
Property Features for 7083 Johnson Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Den, Bedroom 1, Bathroom 2, Laundry Room, Bathroom 1
- Parking features
- Open, Off Street, On Street, Driveway, Garage
- Patio and Porch features
- Porch, Patio
- Interior features
- Double Vanity, Stone Counters, Pantry, Open Floorplan, Kitchen Island, His and Hers Closets, High Ceilings, Eat-in Kitchen, Entrance Foyer
- Standard status
- Active
- APN
- 451216158004000030
- Size
- 1,469 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SAVANNAH COVE PHASE 1 PT. OF LOT 56 (7083 JOHNSON ST)
- Tax Annual Amount
- 70
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Energy Star Qualified Equipment (Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
Listing Agency
Better Homes and Gardens Real
(219) 999-8990
1624 Summit St, Crown Point, IN
Listed by
Frederick Long · License #RB20000411
(219) 406-6927
Added: Jun 30 Checked: Jul 18 at 3:06 am
MLS# 841536
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.
To-be-built ranch-style single-family home offers an open concept layout with main-level living. The plan includes 2 bedrooms and 2 full bathrooms, along with a spacious kitchen featuring a pantry. A bright living area connects with a versatile den that can serve as a home office or flex space, depending on your needs. The primary suite includes an en suite bath and generous closet space. Buyers have the opportunity to personalize the final finishes, and the home is designed for low-maintenance living with energy-efficient features.
The property is located at 7083 Johnson Street in Merrillville, Indiana (Lake County). Photos may reflect model finishes.
A two-car attached garage is included as part of the design, supporting convenient everyday access.
The property is located at 7083 Johnson Street in Merrillville, Indiana (Lake County). Photos may reflect model finishes.
A two-car attached garage is included as part of the design, supporting convenient everyday access.
Key Highlights
- To be built 2‑bedroom, 2 full‑bath ranch home, year built 2026
- Open floorplan with eat‑in kitchen, kitchen island, pantry, and stone counters
- Primary suite with single en‑suite bath plus his and hers closets
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 | $25.0k | $17.04 |
| − Vacancy | −$1.4k | −$0.95 |
| EGI | $23.6k | $16.09 |
| − OpEx | −$10.6k | −$7.24 |
| NOI | $13.0k | $8.85 |
1,469 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$185.7K
$162.5K – $216.6K
NOI $12,996 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.1K
$358.8K – $478.4K
NOI $28,706 @ 7.0% cap · market cap 10.30%
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 - Newly planned ranch home with open layout, 2 bedrooms, and a two-car attached garage.
Where is this single family property located?
The property is located at 7083 Johnson Street Merrillville, IN.
What is the asking price?
The asking price for this property is $278,685.
What are key features of this property?
This property features: To be built 2‑bedroom, 2 full‑bath ranch home, year built 2026; Open floorplan with eat‑in kitchen, kitchen island, pantry, and stone counters; Primary suite with single en‑suite bath plus his and hers closets
