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$340,000 Just Listed
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Property Description
Discover the potential of this well-kept tri-level home, ideally positioned on a generous corner lot with an oversized driveway offering access from both Austin and Fairview--perfect for multiple vehicles, guests, or tenants. This property is currently tenant-occupied and producing consistent rental income. Inside, the home offers an inviting layout across three levels. The upper floor includes three nicely sized bedrooms and a full bath, while the lower level provides a spacious rec room and an additional non-conforming room--great as a potential 4th bedroom, office, or hobby space. Also includes an attached garage that adds even more convenience. Conveniently located near local amenities, schools, and commuter routes, this income-generating property offers both flexibility and function. Don't miss your chance to secure a home that works for you--whether you're building equity, cash flow, or both!
Full Property Details
Full Property Details for 205 Fairview Ln
General
- Price: $340,000
- Taxes: $4,921 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 833470
- Updated: 2/1/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Other
- Appliances: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Other
Parking
- Garage Spaces: 2
- Parking Features: Driveway
Location
- County: Lake
- Township: St. John
- Subdivision: Fairview Add
- Driving Directions: Head west on 45th St., Left on Kennedy, and continue onto Junction Ave. Left on Joliet St., Right on Austin Ave, Left on Fairview, Property on the corner.
Heating & Cooling
- Heating Type: Central
Structural Information
- Square Feet: 1,776
- Year Built: 1976
Lot Features
- Lot Size (Acres): 0.0408
- Lot Size (Sq. Ft.): 1,776
- Lot Features: Rectangular Lot
Financial Considerations
- Tax Amount: $4,921
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: FAIRVIEW ADD. L.29
- Property ID: 451115177001000036
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Schools
Schools serving 205 Fairview Ln
School District:Lake Central School Corporation
| Name | Grades | Distance |
|---|---|---|
Homan Elementary School 210 East Joliet Street, Schererville, IN 46375 | K-4 | 0.5 mi |
Michael Grimmer Middle School 225 West 77th Avenue, Schererville, IN 46375 | 5-8 | 0.9 mi |
Lake Central High School 8400 Wicker Avenue, Saint John, IN 46373 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 205 Fairview Ln
Date
Details
Price
Change
Source
2/01/2026
Listed
$340,000
13.37%
MLS
10/28/2022
Sold
$299,900
—
Public Record
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 205 Fairview Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,874
-13%
$292,700
6%
2023
$5,598
159%
$274,900
19%
2022
$2,165
-8%
$230,200
2%
2020
$2,348
-40%
$226,300
4%
2019
$3,906
—
$217,000
13%
2019
$3,906
103%
$191,200
—
2018
$1,928
4%
$191,200
-1%
2017
$1,861
—
$194,100
-2%
2017
$1,861
-3%
$198,400
—
2016
$1,916
6%
$198,800
1%
2015
$1,816
-11%
$197,600
2%
2013
$2,051
7%
$193,100
3%
2012
$1,924
—
$188,300
—
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 205 Fairview Ln
205 Fairview Lane, Schererville, IN 46375 (MLS# 833470) is a Single Family property with 3 bedrooms and 2 full bathrooms. 205 Fairview Lane is currently listed for $340,000 and was received on February 01, 2026. Want to learn more about 205 Fairview Lane? Do you have questions about finding other Single Family real estate for sale in Schererville? You can browse all Schererville real estate or contact a Coldwell Banker agent to request more information.

