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Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 14,374 sqft
Price per Sqft $27
Subdivision Cline Meadows
MLS Listing ID 837529
Sold Date 05/29/26
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1977
Annual Tax Amount $3,247
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Duplex
Property Description
Exceptional investment opportunity in a prime Schererville location near schools, a community park, and local amenities. This well-maintained duplex offers flexibility for an owner occupant or investor, with one unit currently owner-occupied and the other tenant occupied. Unit 1936 is a 2-bedroom, 1-bath ranch featuring an updated eat-in kitchen and living room. The tenant pays all utilities, providing a low maintenance income stream. Unit 1938 is a spacious 3-bedroom, 2.5-bath two-story home with an updated eat-in kitchen, living room, formal dining room, and family room. The main floor includes a laundry area and full bath. The upper level offers a primary bedroom with an ensuite bath and walk-in closet, along with two additional bedrooms and a half bath. Each unit has access to a detached 1 car garage, currently used by the owner. This property presents an excellent opportunity to live in one unit while renting the other or to rent both for maximum return. A desirable location and strong rental potential make it a standout option in Schererville.
Location
State IN
County Lake
Interior
Interior Features Ceiling Fan(s), Walk-In Closet(s), Eat-in Kitchen
Heating Forced Air, Individual Unit, Natural Gas
Fireplace N
Appliance Gas Range, Range Hood, Refrigerator, Microwave
Exterior
Garage Spaces 2.0
View Y/N true
View true
Building
Lot Description Corner Lot, Landscaped
Story Two
Others
Tax ID 451115282001000036
SqFt Source Assessor
Acceptable Financing NRA20260419221649835940000000
Listing Terms NRA20260419221649835940000000
Financing Cash
Pets Allowed No
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Bought with Village Realty of Indiana, Inc
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