Half-Duplex Ranch Residential
New
For Sale
$325,000
9987 Settlers Court, St John, IN 46373
Residential, St. John, IN
Property Size1,652 SF
Lot Size0.15 Acres
Price / SF$196.73
Days on Market2
Property Features for 9987 Settlers Court
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Dining Room, Bedroom 3, Laundry Room
Parking features
Garage, Driveway, Open
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Walk-In Closet(s), Tray Ceiling(s), Laminate Counters
Exterior features
Rain Gutters
Appliances
Dryer, Water Softener Owned, Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Subdivision
Lake Hills Resub 07
Lot features
Back Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Front Yard, Cul-De-Sac
Elementary school district
Lake Central
Middle school district
Lake Central
High school district
Lake Central
Directions
Rt 41 to 93rd; east to Deodore; north to Parkside; west to Settlers Ridge; south to Settlers Court.
Standard status
Active
APN
451128482005000035
Size
1,652 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE HILLS RESUBDIVISION UNIT 7 E'LY 45.0FT OF LOT 283
Tax Annual Amount
2747
HOA Fee
$176 Monthly
Legal Description
LAKE HILLS RESUBDIVISION UNIT 7 E'LY 45.0FT OF LOT 283
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Central
Water source
Public
Amenities
patio
laundry
Building Details
Year built
2009
Floors in Building
1
Listing Agency:
McColly Real Estate
(219) 926-1616
Listed By:
Michelle Gilbertsen · License #RB14037113
(219) 921-6032
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 11:06PM
MLS# 846441
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 2009 half-duplex ranch has 1,652 square feet, with three bedrooms and two bathrooms. The kitchen, dining area, living room, bedrooms, bathrooms, and laundry room are all on the main level. Interior features include walk-in closets, tray ceilings, ceiling fans, and laminate counters. The property also includes a patio, porch, garage, driveway, and open parking, along with a washer, dryer, refrigerator, microwave, gas range, dishwasher, and owned water softener.
The home is in Lake Hills, a few homes from a paved walking path and near Lake Hills park and pond. The HOA provides lawn maintenance and snow removal. Public water and public sewer serve the property.
The home is in Lake Hills, a few homes from a paved walking path and near Lake Hills park and pond. The HOA provides lawn maintenance and snow removal. Public water and public sewer serve the property.
Key Highlights
- 1,652‑square‑foot half‑duplex ranch built in 2009
- Three bedrooms and two bathrooms, with all listed rooms on the main level
- 0.15‑acre lot with patio, porch, garage, driveway, and open parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,616
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,320
$292.3K
Cap Rate 7%
$208,800
$208.8K
Cap Rate 9%
$162,400
$162.4K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$28.2K $17.04/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$26.6K $16.09/SF
− OpEx
−$12.0K −$7.24/SF
NOI
$14.6K $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%
$292,320
Cap Rate 7%
$208,800
Cap Rate 9%
$162,400
Alternative Uses
Best Use
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$461.2K
$403.5K – $538.0K
NOI $32,282 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 46373, IN
17,839
Population
6,616
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
1,637
Density / Sq Mi
$123,203
Median Household Income
$70,957
Median Earnings
$953
Median Rent
$375,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The HOA handles lawn maintenance and snow removal; a rear patio and nearby paved walking path add outdoor features.
Where is this residential income property located?
The property is located at 9987 Settlers Court St John, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,652‑square‑foot half‑duplex ranch built in 2009; Three bedrooms and two bathrooms, with all listed rooms on the main level; 0.15‑acre lot with patio, porch, garage, driveway, and open parking
