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12311 Alexander St, Cedar Lake, IN, 46303

3beds
2baths
1,924sqft
$290,000
$151price/sqft
$1,954/moest. monthly cost
$78,160/yrincome needed

About This Home

This 3-bedroom, 2-bath home is full of opportunity and ready for your personal touch! Offering a functional layout with an open-concept living room and kitchen, the home provides a welcoming flow that's perfect for everyday living and gathering with friends and family. The walk-out lower level adds versatility, featuring a spacious family room, convenient laundry / mud room with a door leading to the back yard. -- ideal for busy households and keeping life organized. An attached 2-car garage provides everyday convenience, while three additional storage sheds offer exceptional space for hobbies, tools, and equipment. One of the sheds is heated, making it a fantastic workshop or year-round project space. Set on a generous 3/4-acre lot. This large lot extends past the fenced in area and backs up to a peaceful wooded ravine. This property just waiting for your finishing touches delivers the privacy you want with flexibility you need - a must-see opportunity!

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

--
5/10
7/10

Construction

Condition

  • Year built: 1968

Type & Style

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

Interior

Appliances

  • Appliances included: Other
  • Laundry features: Laundry Room

Bedroom2

  • Area: 143
  • Dimensions: 13.0 x 11.0

Bedroom3

  • Area: 99
  • Dimensions: 11.0 x 9.0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Family Room

  • Area: 299
  • Dimensions: 23.0 x 13.0

Features

  • Open Floorplan
  • Finished area above ground: 1,248

Heating

  • Heating features: Baseboard,Hot Water

Interior Area

  • Total structure area: 1,924
  • Total interior livable area: 1,924 sqft

Kitchen

  • Area: 242
  • Dimensions: 22.0 x 11.0

Laundry

  • Area: 165
  • Dimensions: 15.0 x 11.0

Living Room

  • Area: 286
  • Dimensions: 22.0 x 13.0

Primary Bedroom

  • Area: 143
  • Dimensions: 13.0 x 11.0

Property

Details

  • Parcel number: 451516380004000013
  • Special condition: None

Features

  • Levels: Tri-Level
  • Exterior features: Private Yard,Storage
  • Has view: Yes
  • View description: Neighborhood,Trees/Woods

Lot

  • Lot size: 0.78 Acres
  • Features: Back Yard,Private,Front Yard

Parking

  • Total spaces: 2
  • Parking features: Off Street,Garage Faces Front,Driveway,Additional Parking
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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 WaveVery High
  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Heat Wave
Inland Flooding
Lightning
Strong Wind
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 $1,466$17,592
Home Insurance *$124$1,488
Property Taxes $180$2,160
Electricity $184$2,212
Total$1,954$23,448
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,994/yr
40% on housing$58,620/yr
45% on housing$52,106/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

$151This listing

vs Other Active Listings

Avg $/sqft

ZIP 46303$185
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
2026-04-20Price change$300,000
2025-11-16Listed for sale$330,000
2008-03-27Sold$195,000

For Sale by Agent

AgentLaura Kowalczyk
BrokerageWeichert, Realtors-Moke Agency

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