1502 Island Boulevard

Lowell, IN
$ 299,000 Beds 2 Baths 2 Sq 1,480
Monthly Estimate* How much can I afford?

KANKAKEE RIVER WATERFRONT RETREAT COMPLETELY REBUILT & TURNKEY! This exceptional 2-bedroom, 2-bath waterfront home has been completely rebuilt by the owners, transforming it into a beautiful and unique riverfront retreat. Currently operating as a high-producing Airbnb while also serving as the owners' private retreat, this property offers the rare opportunity to purchase an established income-producing waterfront home that can also be enjoyed personally. Situated at the end of a quiet street, this 1,480sq/ft home offers direct access to the Kankakee River and is surrounded by more than 30,000 acres of public land, wildlife areas and nature preserves. ALL furniture, appliances, decor, kitchenware, games, televisions and contents are negotiable...Inside, the home features a charming 2-story layout with a full kitchen, dining room, living room, playroom area and full bath on the main level. Upstairs are two spacious bedrooms, each featuring a mezzanine with beautiful river views, plus access to a large balcony and a second full bath. One bedroom offers a king-size bed, while the second includes a queen bed and two twin beds. The home's distinctive retro-inspired design gives it exceptional personality and character...Outdoor living is where this property truly shines. Enjoy your morning coffee overlooking the river, fish from the private dock, gather around the fire pit, relax on the deck or take in the scenery from the expansive upstairs balcony. The Kankakee River provides endless opportunities for kayaking, canoeing, paddleboarding, boating, tubing and fishing, with a rebuilt public boat launch just blocks away. The surrounding area also offers exceptional opportunities for hiking, wildlife watching, fishing and hunting...Additional features include a 9 x 18 storage shed, paved driveway, carport, fireplace, multiple entertaining areas and low taxes. The home is fully furnished and equipped for immediate enjoyment, making this a TRUE TURNKEY WATERFRONT OPPORTUNITY.

Active

  • Price
  • $ 299,000
  • City
  • Lowell
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • LAKE
  • Half Bathrooms
  • 0
  • Area
  • Lowell
  • Lot Size
  • 0.123 Acres
  • Zip
  • 46356
  • Sqr Footage
  • 1,480
  • Year Built
  • 1957
  • Taxes
  • $ 1499
  • Style
  • Single Family Residence
  • MLS#
  • 844296
Listed By: David Harkabus with BHHS Executive Realty - (219) 663-1986;
Data Source: Northwest Indiana REALTOR® Association (NIRA)

Features

General

Sewer Septic Tank
Heating Central,Forced Air
Utilities Cable Connected,Natural Gas Connected,Electricity Connected
Appliances Dryer,Washer,Stainless Steel Appliance(s),Refrigerator,Microwave,Gas Range,Dishwasher,Disposal
Year Built 1957
Electric 100 Amp Service
View Water
Township Cedar Creek
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features River Front
County Lake
New Construction No
Property Type Residential
HOA No
Subdivision Name Unre Shady Shores Add
Garage Y/N No
Total Rooms 5
Full Baths 1
Status Active
Directions TAKE COUNTY RD300E (WHICH IS ALSO HYWY 55 OR SHELBY RD) TURN WEST ON ISLAND DRIVE (WHICH IS ALSO WESTWOOD DR) FOLLOW TO THE END
City Lowell
Lot Size Square Feet 5358
Listing Terms Assumable,VA Loan,FHA,Cash
Property Attached Y/N No
Tax Annual Amount 1499
Standard Status Active
Legal Description UNRE. SHADY SHORES ADD. L.76 PT. S1/2 NW 107.46X50X108X50' S.33 T.32 R.8 .124 A.

Interior Features

Interior Amenities Ceiling Fan(s)
Total Fireplaces 1
Fireplace Features Family Room
Fireplace Y/N Yes
Above Grade Finished Area 1480
3/4 Baths 1
Total Bedrooms 2
Room Type Bedroom 2,Primary Bedroom,Living Room,Kitchen,Family Room
Total Baths 2

Exterior Features

Exterior Amenities Balcony
Parking Features Other
Lot Features Other
Water Source Well
Lot Size Acres 0.123
Lot Size Source Assessor
Waterfront Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Crown Point, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/25/2026 Listed $299,000

Property vs Zip Code Average in 46356

Price
AVG $450K
$300K
Taxes
AVG $2,100
$1,499
Year Built
AVG 1997
1957
Visits
AVG 87
6
Data Provided by Inside Real Estate®

1502 Island Boulevard Lowell, IN is a Single Family Home for sale at $299000 with 1480 sqft and a lot size of 0.123 Acres Acre(s). 1502 Island Boulevard Lowell has 2 bedrooms, 2 baths and was built in 1957. The property's zip code is 46356 which is in Lowell, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.