This rare rental property in Cedar Lake offers 15 residential units and a retail space in the high demand rental market of Cedar Lake. This property is ideal for an investor seeking great cash flow with a high unit count & upside for rent increases.
Property Features
Bedrooms
Appliances
- Laundry Features: Main Level
Bathrooms
Heating and Cooling
- Heating Features: Forced Air
- Heating: Yes
Land Info
- Lot Size Acres: 0.567
- Lot Size Source: Appraiser
- Lot Size Square Feet: 24699
Rental Info
- Gross Income: 13715
- Gross Scheduled Income: 15915
Homeowners Association
Other Property Info
- Annual Tax Amount: 17714
- Source Listing Status: Active
- County: Lake
- Cap Rate: 8.25
- Directions: Driving East on I-94, take Exit Ramp going north on 41. Continue Straight for 11 miles. Take 141st st going west. After a half mile, turn right on Lauerman st. After a half mile turn left on 147th ave. After a mile, the property in on the left.
- Tax Year: 2023
- Source Property Type: Residential Income
- Source Neighborhood: Measured Along Said South Line
- Parcel Number: 451535185011000043
- Subdivision: Measured Along Said South Line
- Township: Center
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 111509
- Operating Expense: 57071
Building and Construction
- Year Built: 1930
- Above Grade Finished Area: 13320
- Levels: Two
- Property Age: 95
- Levels or Stories: Two
- Total Above Grade Sqft Area: 13320
Utilities
- Sewer: Public Sewer
- Water Source: Public
