8500 W 141st Ave Cedar Lake, IN 46303

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3 beds · 2 baths · 2,974 sq ft · Lot Size: 32,844 sq ft · Single Family Home
Est. Property Value: $333,945

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8500 W 141st Ave is in the 46303 neighborhood of Cedar Lake, IN. It is located in Lake County and ZIP code 46303. This Single Family Home was built in 1953 and is approximately 72 years old. The single family home spans 2974 sq ft with 3 bedrooms and 2 bathrooms and sits on a 32844 sq ft lot. According to public records, it has a tax-assessed value of $627,900, which is $112 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 8500 W 141st Ave Cedar Lake, IN 46303 with Property Intel by Whitepages.

8500 W 141st Ave

Cedar Lake, IN 46303

Owner Info

Owners & Occupancy for 8500 W 141st Ave

This property is owned by Donald Don Roberts. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

Cell Phone(219) ***-****View Cell Phone
Residence**************
Landline(918) 451-5482
Distance from Property**********
Email Address*************@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************
Resident 2****************** age 95

Property Financials for 8500 W 141st Ave

8500 W 141st Ave, Cedar Lake, IN has no known mortgage. The Lake county assessment for 2023 values it at $627,900, with annual taxes of $7,748.

Property Tax

Property Tax Amount$7,748 in 2023
Assessed Value$627,900 on 2023

Investment Potential for 8500 W 141st Ave

The property has a current estimated value of $333,945, which is 34% above the zip median. Projected long-term rental income is $34,800 annually ($2,900 per month) with a 91% occupancy rate.

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Long-Term

Gross Rental
$34,800 per year($2,900 per month)
Net Operating Income
Cap Rate
Occupancy Rate
91%in 46303 zip code
 
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Property Details for 8500 W 141st Ave

Property Details

Property Sq Ft

Living Area

2,974 sq ft

73% above market

Lot Size

32,844 sq ft

183% above market

Price Per Sq Ft

Living Area

$112 / sq ft

23% below market

Lot Size Area

$10 / sq ft

50% below market

Property condition, age, exterior, etc. for 8500 W 141…
Longitude: -87.436826 Latitude: 41.362808 Parcel Number (APN): 45-15-27-462-010.000-014…

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Discover more single family homes near 8500 W 141st Ave in Cedar Lake, Indiana. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 8500 W 141st Ave in Lake County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$333,945
$209,373
$124,573 (59%)
$300,179
$67,549 (23%)
YoY Price Change
Year Built
1953
1972
-19 years
Living Space
2,974 sq ft
1,582 sq ft
1392 (88%)
$ Per Living Sq Ft
$112
$133
-$21 (-16%)
Lot Size
32,844 sq ft
12,807 sq ft
20037 (156%)
$ Per Lot Sq Ft
$10
$15
-$5 (-34%)

Net Operating Income
$17,636
$2,320 (13%)
Annual Revenue
$34,800
$24,600
$10,200 (41%)
$6,411
$8,433 (132%)
Net Operating Income
$17,636
$2,320 (13%)
Cap Rate
8.22%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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