Why Live in Lake Station
Lake Station is a laidback neighborhood known for its winding waterways and numerous parks. Located 4 miles from Lake Michigan and about 40 miles from Chicago, it offers a close-knit community atmosphere with affordable housing options. The neighborhood features shaded, gridded streets with homes on small lots, primarily consisting of bungalows and ranches built in the early to mid-20th century. Riverview Park is a central hub for outdoor activities, offering an outdoor swimming pool, archery range, and various sports courts. Residents can also enjoy fishing and boating at Grand Boulevard Lake or head to the beaches along Lake Michigan for swimming.
Central Avenue is the main thoroughfare for dining and local businesses, with popular spots like Taqueria Mazamitla for tacos, Tap House 1233 Grill for barbecue and seafood, and Bajo Cero Michoacana for fresh fruit-flavored ice cream. The He Ain't Here Lounge is a local favorite for drinks. For groceries, Strack and Van Til is the go-to store, while retail shopping is available 9 miles away at Southlake Mall.
Lake Station hosts various community events throughout the year, including Food Truck Sunday, a farmers market, and seasonal festivities like an Easter egg hunt, Halloween event, and a pride festival. The neighborhood is served by the Lake Station Community Schools district, with students attending Alexander Hamilton Elementary and Thomas A. Edison Junior/Senior High School. While some sidewalks are present, most residents rely on cars for commuting, with easy access to major highways for travel to Chicago.
Home Trends in Lake Station, IN
On average, homes in Lake Station, IN sell after 37 days on the market compared to the national average of 50 days. The median sale price for homes in Lake Station, IN over the last 12 months is $150,000, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$150,000
Median Single Family Sale Price
$150,000
Median Townhouse Sale Price
$221,500
Average Price Per Sq Ft
$135
Number of Homes for Sale
19
Last 12 months Home Sales
158
Median List Price
$160,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-8%