557 Locust St Valparaiso, IN 46383
Estimated payment $2,627/month
About This Home
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 Details
Home Type
- Condominium
Est. Annual Taxes
- $5,623
Year Built
- Built in 1880
Interior Spaces
- 3,539 Sq Ft Home
- 2-Story Property
Utilities
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 640925205004000004
Community Details
Overview
- 4 Units
- Smith Add Subdivision
Building Details
- Operating Expense $14,463
- Gross Income $49,500
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 | $5,643 | $259,200 | $25,400 | $233,800 |
| 2023 | $5,142 | $229,400 | $22,100 | $207,300 |
| 2022 | $5,142 | $208,000 | $22,100 | $185,900 |
| 2021 | $4,502 | $175,700 | $22,100 | $153,600 |
| 2020 | $4,160 | $159,700 | $20,100 | $139,600 |
| 2019 | $3,986 | $151,000 | $20,100 | $130,900 |
| 2018 | $3,766 | $142,700 | $20,100 | $122,600 |
| 2017 | $3,715 | $140,900 | $20,100 | $120,800 |
| 2016 | $20 | $133,400 | $24,100 | $109,300 |
| 2014 | $20 | $125,900 | $22,800 | $103,100 |
| 2013 | -- | $118,400 | $22,900 | $95,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $405,000 | -- | $114 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $632,000 | New Conventional | |
| Previous Owner | $90,225 | New Conventional |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 826241
APN: 64-09-25-205-004.000-004
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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.
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