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7111 W 128th Ln, Cedar Lake, IN, 46303

2beds
1baths
762sqft
$79,900
$105price/sqft
$775/moest. monthly cost
$31,000/yrincome needed

About This Home

Investor special! Secluded lot overlooking a wooded ravine, located within 1 mile of the Cedar Lake shoreline and in the Crown Point School District. The home has been gutted to the studs, offering a blank slate for your next project. Ideal opportunity for a fix-and-flip, rental, or Airbnb. Enjoy a private setting with scenic views while still being close to local amenities. Property is located on Bridge Ct behind 7112. Cash offers only.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

10/10
Crown Point High SchoolGrades 9-123.1 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1918

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Walk-Out Access,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • None
  • Finished area above ground: 762

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 762
  • Total interior livable area: 762 sqft

Property

Details

  • Parcel number: 451523264019000043
  • Special condition: None

Features

  • Levels: One
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 7,840 sqft
  • Features: Other

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $404$4,848
Home Insurance *$34$408
Property Taxes $153$1,836
Electricity $184$2,212
Total$775$9,300
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,571/yr
40% on housing$23,250/yr
45% on housing$20,666/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$105This listing

vs Other Active Listings

Avg $/sqft

ZIP 46303$187
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46303$168
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-11Listed for sale$99,000
2024-02-13Sold$70,000
2024-01-25Listed for sale$73,900

For Sale by Agent

AgentBrittany Zandstra
BrokerageRealty Executives Premier

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