1337 Willow Court, Schererville, IN 46375

New Listing
$900,000
Property Type: Commercial Sale Square Footage: 6,000 Lot Size (sq. ft.): 16,422 Status: Active
Current Price: $900,000 List Date: 9/22/2026 Last Modified: 9/22/2026

Overview

Description

Beautiful brick six unit apartment building for sale, located in the heart of Schererville. With just a short drive or walk out of the neighborhood, tenants have full access to all of the shopping Schererville has to offer including Whole Foods, Target, Barnes & Noble, Dicks Sporting Goods, Nordstrom Rack, and many major dining experiences. Tenants have access to a walking path directly behind the property, private garage parking, common area laundry & a private balcony. There are 4 ( 2 BED/1 BATH) Units & 2 (1 Bed/1 BATH) Units.

Listing Details MLS# 845736

General Property Information

Number Of Units Total
6
Living Area
6000
Building Area Source
Other
Year Built
1978
Parking Total
12
Lot Size Acres
0.377
Lot Size Square Feet
16422
Lot Size Source
Other
Waterfront YN
No
Basement YN
No
Stories
3

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Refrigerator; Washer; Water Heater Building Features: Balcony; Multi Tenant; Private Restrooms Business Type: Other Construction Materials: Brick Cooling: Ceiling Fan(s); Other Current Use: Multi-Family Electric: Other Exterior Features: Balcony Flooring: Carpet; Laminate; Vinyl Heating: Baseboard Interior Features: Eat-in Kitchen; Laminate Counters Laundry Features: Lower Level Listing Terms: Cash; Conventional Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Grounds Care; Hot Water; Insurance; Janitorial Service; Management; Pest Control; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Asphalt; Detached; Driveway; Garage Door Opener; Off Street; On Street; Paved Possession: Close Of Escrow Possible Use: Multi-Family Rail Availability: None Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: Electricity Utilities: Electricity Available; Electricity Connected; Natural Gas Connected; Sewer Available; Sewer Connected; Water Available; Water Connected View: Neighborhood Water Source: Public

Contract Information

Auction YN
No
Original List Price
900000
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Seller to consider offering concessions
No
Common Interest
None
Owner Name
Plum Properties Inc
Occupant Type
Tenant

Location Tax and Legal

Street Number
1337
Street Name
Willow
Street Suffix
Court
County
Lake
State
IN
Postal Code
46375
Subdivision Name
Plum Crk Village 02 Add/Scherervi

Remarks and Miscellaneous

Public Remarks
Beautiful brick six unit apartment building for sale, located in the heart of Schererville. With just a short drive or walk out of the neighborhood, tenants have full access to all of the shopping Schererville has to offer including Whole Foods, Target, Barnes & Noble, Dicks Sporting Goods, Nordstrom Rack, and many major dining experiences. Tenants have access to a walking path directly behind the property, private garage parking, common area laundry & a private balcony. There are 4 ( 2 BED/1 BATH) Units & 2 (1 Bed/1 BATH) Units.

Status Change Information

Major Change Timestamp
2026-09-22T18:12:30Z
Major Change Type
New Listing
Status Change Timestamp
2026-09-22

More Information

Exemption Information

Exemption YN
No

Income and Expenses

Cap Rate
5.11
Electric Expense
800
Fuel Expense
3078
Gross Income
71400
Gross Scheduled Income
71400
Insurance Expense
5186
Maintenance Expense
2750
Net Operating Income
45984
New Taxes Expense
10000
Operating Expense
26916
Total Actual Rent
71400
Trash Expense
1188
Water Expense
2164

Showing Requirements

Showing Instructions
Call Anthony Spangler 708.704.1368 Email Anthony Spangler aspangler@htapartments.com
Listing Office: Horvath & Tremblay IN,LLC
Last Updated: September - 22 - 2026
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