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$230,000
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Property Description
Opportunity knocks in Cedar Lake! Located just one block from the lake, this 3-bedroom, 2-bath home offers an excellent opportunity for a buyer or investor looking to add value without taking on major renovation work. Much of the big-ticket work has already been completed, including a clean, updated exterior, newer roof, furnace, A/C, and water heater. The remaining updates are primarily cosmetic and interior, giving the next owner the opportunity to personalize the finishes, modernize the space, and build equity. Outside, enjoy a fully fenced yard along with a large storage shed offering plenty of room for tools, lawn equipment, bikes, lake gear, and additional storage. With its close proximity to Cedar Lake and the costly exterior and mechanical improvements already addressed, this property offers plenty of potential as a primary residence or investment property. Bring your vision and make the interior your own!
Full Property Details
Full Property Details for 7225 W 136th Ln
General
- Price: $230,000
- Taxes: $1,454 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 844238
- Updated: 10/5/2026
- Added to Site: 47 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: High Ceilings
- Appliances: Gas Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Driveway
Location
- County: Lake
- Township: Center
- Subdivision: N/A
- Driving Directions: W 171st Ave; right onto Morse St; left onto W 136th Ln; property is on the left
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 1,342
- Year Built: 1992
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $1,454
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: THE HICKORY L.70
- Property ID: 451526184022000043
Listed by Real Broker, LLC
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Schools
Schools serving 7225 W 136th Ln
School District:Crown Point Community School Corporation
| Name | Grades | Distance |
|---|---|---|
Douglas Macarthur Elementary School, Cedar Lake, IN 12900 Fairbanks Street, Cedar Lake, IN 46303 | K-5 | 1 mi |
Colonel John Wheeler Middle School 401 W Joliet St, Crown Point, IN 46307 | 6-8 | 4.2 mi |
Crown Point High School 1500 South Main Street, Crown Point, IN 46307 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7225 W 136th Ln
Date
Details
Price
Change
Source
8/24/2026
Listed
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7225 W 136th Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,291
—
$167,700
9%
2024
$1,291
-66%
$154,100
12%
2023
$3,837
182%
$137,900
3%
2022
$1,363
14%
$134,200
8%
2020
$1,200
30%
$124,300
5%
2019
$925
—
$118,300
7%
2019
$925
2%
$110,700
4%
2018
$903
7%
$106,900
5%
2017
$844
—
$101,400
4%
2017
$844
4%
$97,400
-1%
2016
$812
7%
$98,400
2%
2015
$761
-22%
$96,600
-5%
2013
$970
-10%
$102,000
-5%
2012
$1,076
—
$107,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7225 W 136th Ln
7225 W 136th Lane, Cedar Lake, IN 46303 (MLS# 844238) is a Single Family property with 3 bedrooms and 2 full bathrooms. 7225 W 136th Lane is currently listed for $230,000 and was received on August 24, 2026. Want to learn more about 7225 W 136th Lane? Do you have questions about finding other Single Family real estate for sale in Cedar Lake? You can browse all Cedar Lake real estate or contact a Coldwell Banker agent to request more information.

