502 Monroe/ 251 Locust, Valparaiso, IN 46383

Valparaiso
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: steve likas, franziska acke
Office: mccolly real estate219-663-3835
MLS#:831022
Source:Northwest Indiana AOR as distributed by MLS GRID
502 Monroe/ 251 Locust,Valparaiso, IN 46383
$485,000
  • 6 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$485,000

About this home

Excellent Investment Opportunity in Valparaiso! Don't miss this great chance to own a 5-unit income property in the heart of Valparaiso! This solid two-story brick building offers classic curb appeal, reliable rental potential, and long-term value. The property features five separate units, providing steady income and flexibility for investors or owner-occupants. Each unit is well-maintained with functional layouts, and tenants enjoy convenient on-site parking plus a two-car garage for added storage or rental potential. Located close to downtown Valparaiso, shopping, restaurants, schools, and major highways, this property offers excellent accessibility and strong rental demand. Whether you're expanding your portfolio or looking to start your investment journey, this is a turnkey opportunity with consistent cash flow and room to grow

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Home facts

  • Year built:1880
  • Listing ID #:831022
  • Added:235 day(s) ago
  • Updated:July 13, 2026 at 03:05 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Full bathrooms:5
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1880
  • Lot area:0.2 Acres
  • Lot Features:Corner Lot

Utilities

  • Water:Public

Finances and disclosures

  • Price:$485,000
  • Tax amount:$10,022 (2025)

Parking

  • Parking description:Driveway, On Street
  • Garage:Yes
  • Garage spaces:2
Based on information submitted to the MLS GRID as of July 13, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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