460 Locust St Valparaiso, IN 46383
Estimated payment $3,325/month
About This Home
This rental property offers 5 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 Details
Home Type
- Condominium
Est. Annual Taxes
- $6,628
Year Built
- Built in 1890
Interior Spaces
- 4,932 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Utilities
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 640925201007000004
Community Details
Overview
- 5 Units
- Smiths Add Subdivision
Building Details
- Operating Expense $13,842
- Gross Income $44,700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,728 | $305,400 | $23,800 | $281,600 |
| 2023 | $6,628 | $270,400 | $20,800 | $249,600 |
| 2022 | $2,832 | $115,000 | $18,600 | $96,400 |
| 2021 | $3,033 | $115,000 | $18,600 | $96,400 |
| 2020 | $3,081 | $115,000 | $18,600 | $96,400 |
| 2019 | $3,120 | $115,000 | $18,600 | $96,400 |
| 2018 | $3,119 | $115,000 | $18,600 | $96,400 |
| 2017 | $3,116 | $115,000 | $18,600 | $96,400 |
| 2016 | $2,879 | $115,000 | $18,600 | $96,400 |
| 2014 | $2,400 | $115,000 | $18,600 | $96,400 |
| 2013 | -- | $132,600 | $21,500 | $111,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $509,000 | -- | $103 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Chicago Title | |
| Quit Claim Deed | $325,000 | Chicago Title | |
| Corporate Deed | -- | Chicago Title Insurance Co | |
| Sheriffs Deed | $380,199 | None Available | |
| Deed | -- | Ticor Title Insurance |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | New Conventional | |
| Previous Owner | $191,942 | Commercial | |
| Previous Owner | $915,000 | Purchase Money Mortgage | |
| Previous Owner | $110,000 | Unknown |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 826248
APN: 64-09-25-201-007.000-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 456 Locust St
- 557 Locust St
- 355 Valparaiso St
- 559 Locust St
- 357 Garfield Ave
- 157 S Greenwich St
- 2 South St
- 305 Indiana Ave
- 28 South St
- 6 Valparaiso St
- 704 Lincolnway
- 103 Valparaiso St
- 107 Valparaiso St
- 109 Valparaiso St
- 105 Valparaiso St
- 104 N Greenwich St
- 208 E Chicago St
- 857 Cedar Ln
- TBD Linwood Ave
- 305 Erie St
- 360 Locust St Unit 2
- 357 Greenwich St Unit 6
- 357 S Greenwich St Unit 6
- 820 Brown St
- 217 Lincolnway
- 706 Chicago St Unit 1
- 308 Institute St
- 1401 Lincolnway
- 658 West St
- 201 Sturdy Rd
- 610 Elmhurst Ave
- 502 Sturdy Rd
- 2210 Beech St
- 1005 Mccord Rd
- 510 Emmettsburg St
- 1602 Valparaiso St
- 986 Millpond Rd Unit H
- 506 Glendale Blvd
- 1302 Eisenhower Rd
- 458 Fairway Dr Unit 458 Fairway