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Valparaiso, IN Multifamily Homes & Duplexes for Sale

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    $395,000

    • 8 Beds
    • 3 Baths
    • 4,841 Sq Ft

    143 N 500 W, Valparaiso, IN 46385

    Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter CountyDiscover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four

    Dennis Nichols Weichert, Realtors-Moke Agency

    143 N 500 W, Valparaiso, IN 46385
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    $495,000

    • 4 Beds
    • 2 Baths
    • 2,202 Sq Ft

    704 Lincolnway, Valparaiso, IN 46383

    Situated c;lose to Valparaiso University and downtown Valparaiso, this 2--story building provides excellent exposure and location for any business! The R/T zoning allows for numerous commercial and professional uses but also allows for residential or mixed use! Property was recently used as a 2 unit rental with a 2-bedroom unit on each floor but is a perfect location for many types of

    Wendy Van Denburgh McColly Real Estate

    704 Lincolnway, Valparaiso, IN 46383

Why Live in Valparaiso

Valparaiso, IN, known locally as "Valpo," is a small-town seat of Porter County, located about 52 miles southeast of Chicago and 14 miles south of Lake Michigan. The historic downtown area features buildings from the mid-1800s, such as the Memorial Opera House, and hosts events like the Summer Rhapsody Music Festival, Valpo Brewfest, and the Popcorn Festival. The city has undergone significant revitalization, adding a city park, ice skating pavilion, and various events. Dining options include pizza parlors, Mexican restaurants, and elevated bar fare, while shopping ranges from local boutiques to big-box stores at Valparaiso Marketplace. Valpo's 15 parks cover 667 acres, offering athletic fields, playgrounds, and over 20 miles of pathways. The Valparaiso Family YMCA provides additional recreational facilities. Valparaiso Community Schools serve around 6,500 students with high ratings and a 97% graduation rate. Valparaiso University, a private Lutheran institution, is noted for its engineering and nursing programs. Commuters have multiple options, including the ChicaGO Dash express bus and the South Shore Line train from Dune Park. The city has seen a decrease in violent crimes and a continuous downward trend in overall crime rates over the past decade. Housing styles range from vintage homes near downtown to contemporary subdivisions on the outskirts, with ongoing developments adding new homes and apartments.

Home Trends in Valparaiso, IN

Housing Trends

Median Sale Price
$420,000
Median Single Family Sale Price
$449,900
Median Townhouse Sale Price
$431,048
Median 2 Bedroom Sale Price
$190,000
Median 1 Bedroom Sale Price
$149,900
Average Price Per Sq Ft
$194
Number of Homes for Sale
31
Last 12 months Home Sales
609
Months of Supply
0.60
Median List Price
$449,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-5%
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