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: Central
Land Info
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Rental Info
Gross Income: 52200
Homeowners Association
Association Fee Frequency: Annual
Pets Allowed: Call
Other Property Info
Annual Tax Amount: 7488
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: 640925205005000004
Subdivision: Smith Add
Township: Center
Property Subtype: Apartment
Source System Name: C2C
Commercial Info
Operating Expense: 12450
Building and Construction
Year Built: 1880
Above Grade Finished Area: 3700
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
$455,000
-
NIRA
10/13/2016
Sold
$120,187
$33
Public Record
Property Tax
Year
Taxes
Land
added to
Additions
equals
Total assessments
2023
$7,488
$30,800
+
$274,700
=
$305,500
2022
$3,836
$28,000
+
$127,800
=
$155,800
2021
$3,993
$28,000
+
$127,800
=
$155,800
2020
$4,058
$28,000
+
$127,800
=
$155,800
2019
$4,111
$28,000
+
$127,800
=
$155,800
2018
$4,110
$28,000
+
$174,400
=
$202,400
2017
$5,283
$28,000
+
$172,700
=
$200,700
Neighborhood
Noise Level:Medium
This home has a medium noise level for the surrounding area
Commute Time:N/A
Explore Schools and Lifestyles around 559 Locust St