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Presented by: Ellsbury Commercial Group LLC Powered by Highrises

557 Locust St, Valparaiso, IN 46383 listing image 1

For Sale

$405,000

557 Locust St, Valparaiso, IN 46383

-Bed
0Bath
-SqFt

-Bed
0Bath
-SqFt

Property Type
Condo
Year Built
1880
On highrises
4 Days

Property Details

This rental property offers four residential units in the high demand rental market of Valparaiso. This property is ideal for an investor seeking great cash flow with low maintenance needs & upside for rent increases.

Property Features

Heating and Cooling

Heating Features: Forced Air

Land Info

Lot Size Acres: 0.078
Lot Size Square Feet: 3397

Rental Info

Gross Income: 49500

Homeowners Association

Association Fee Frequency: Annual
Pets Allowed: Call

Other Property Info

Annual Tax Amount: 5623
Source Listing Status: Active Under Contract
County: Porter
Directions: Driving north on I-65, take Exit Ramp going east on 30. After 14 miles, turn left on Washington st. After 1/4 mile turn right on brown st then a right on Locust st after 3 blocks. Property is on left in 1/4 mile.
Tax Year: 2023
Source Property Type: Residential Income
Property Subtype: condo
Source Neighborhood: Smith Add
Parcel Number: 640925205004000004
Subdivision: Smith Add
Township: Center
Property Subtype: Apartment
Source System Name: C2C

Commercial Info

Operating Expense: 14463

Building and Construction

Year Built: 1880
Above Grade Finished Area: 3539
Levels: Two
Property Age: 145

Utilities

Sewer: Public Sewer
Water Source: Public

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
08/18/2025	Listed	$405,000	-	NIRA
10/13/2016	Sold	$112,781	$45	Public Record
09/27/2005	Sold	$130,805	$52	Public Record
08/20/2004	Sold	$87,115	$35	Public Record

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2023	$5,623	$22,100	+	$207,300	=	$229,400
2022	$5,122	$22,100	+	$185,900	=	$208,000
2021	$4,501	$22,100	+	$153,600	=	$175,700
2020	$4,159	$20,100	+	$139,600	=	$159,700
2019	$3,985	$20,100	+	$130,900	=	$151,000
2018	$3,766	$20,100	+	$122,600	=	$142,700
2017	$3,715	$20,100	+	$120,800	=	$140,900

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
367 Cottage View Ter	$299.9K	3	3	1856	3485
460 Locust St	$509K	6	5	N/A	3659
456 Locust St	$711K	10	7	N/A	7405
559 Locust St	$455K	N/A	0	N/A	7405
354 W Chicago St Unit 200	$375K	2	2	1218	1218
3608 Timberbridge Dr Apt C	$194.5K	2	2	915	915

Presented by:
Andrew Page
state license#RB24000716

Brokered by:
Ellsbury Commercial Group LLC
(219) 200-5133

Data Source:

NIRA

Source's Property ID:

826241

Data Source Copyright:

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$405,000

557 Locust St, Valparaiso, IN 46383

557 Locust St, Valparaiso, IN 46383

Property Details

Property Features

Heating and Cooling

Land Info

Rental Info

Homeowners Association

Other Property Info

Commercial Info

Building and Construction

Utilities

Property History

Property Price

Property Tax

Neighborhood

Environmental Risk

Nearby Home Values

Discover More

Learn more about 557 Locust St

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