559 Locust St Valparaiso, IN 46383
Estimated payment $3,084/month
Total Views
294
--
Bed
--
Bath
3,700
Sq Ft
$123
Price per Sq Ft
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
- $7,488
Year Built
- Built in 1880
Interior Spaces
- 3,700 Sq Ft Home
- 2-Story Property
Utilities
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 640925205005000004
Community Details
Overview
- 4 Units
- Smith Add Subdivision
Building Details
- Operating Expense $12,450
- Gross Income $52,200
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $7,508 | $345,200 | $35,300 | $309,900 |
| 2023 | $3,857 | $305,500 | $30,800 | $274,700 |
| 2022 | $3,857 | $155,800 | $28,000 | $127,800 |
| 2021 | $3,994 | $155,800 | $28,000 | $127,800 |
| 2020 | $4,058 | $155,800 | $28,000 | $127,800 |
| 2019 | $4,112 | $155,800 | $28,000 | $127,800 |
| 2018 | $4,110 | $202,400 | $28,000 | $174,400 |
| 2017 | $5,284 | $200,700 | $28,000 | $172,700 |
| 2016 | $20 | $189,900 | $33,500 | $156,400 |
| 2014 | $20 | $180,100 | $31,600 | $148,500 |
| 2013 | -- | $169,600 | $31,900 | $137,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $455,000 | -- | $123 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $700,000 | Chicago Title | |
| Quit Claim Deed | -- | None Available | |
| Corporate Deed | -- | Meridian Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $632,000 | New Conventional | |
| Previous Owner | $96,150 | New Conventional |
Source: Public Records
Similar Homes in Valparaiso, IN
Source: Northwest Indiana Association of REALTORS®
MLS Number: 826239
APN: 64-09-25-205-005.000-004
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.
Nearby Homes
- 557 Locust St
- 460 Locust St
- 456 Locust St
- 355 Valparaiso St
- 357 Garfield Ave
- 2 South St
- 157 S Greenwich St
- 28 South St
- 704 Lincolnway
- 857 S Cedar Ln
- 6 Valparaiso St
- TBD Linwood Ave
- 103 Valparaiso St
- 107 Valparaiso St
- 105 Valparaiso St
- 109 Valparaiso St
- 116 Morgan Blvd
- 208 E Chicago St
- 1201 Lincolnway
- 305 Erie St
- 610 Union St Unit 1
- 357 Greenwich St Unit 6
- 357 S Greenwich St Unit 6
- 155 College Ave Unit 1
- 820 Brown St
- 217 Lincolnway
- 706 Chicago St Unit 1
- 204 N Michigan Ave
- 1401 Lincolnway
- 658 West St
- 201 Sturdy Rd
- 502 Sturdy Rd
- 610 Elmhurst Ave
- 2210 Beech St
- 1005 Mccord Rd
- 1602 Valparaiso St
- 506 Glendale Blvd
- 2453 Marshall Dr
- 1302 Eisenhower Rd
- 458 Fairway Dr Unit 458 Fairway