Ready to own your very own apartment community with room to expand future development? In the center of Kouts, not far from bustling Valparaiso, this property includes 2 buildings with 8 units total featuring 2 bed 1 bath and private parking lot between. 6 total parcels included with sale. Average rent $867 per month with all units currently occupied. Tenants pay gas and electric. Updates through out the last several years and professionally managed for an easy transition. Add this wonderful opportunity to your rental portfolio!
Closed
$730,000
406 W Indiana St, Kouts, IN 46347
16beds
--sqft
Apartment
Built in 1997
-- sqft lot
$827,700 Zestimate®
$--/sqft
$1,626 Estimated rent
Home value
$827,700
$687,000 - $1.01M
$1,626/mo
Zestimate® history
Owner options
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$1,626/mo
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$1,626/mo
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$4,381/mo
Est. payment
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$4,381/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Madison Young,
Brokerworks Group 219-786-7000
Bought with:
Danek Znika, RB16001218
Brokerworks Group
Source: NIRA as distributed by MLS GRID,MLS#: 806696
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air, Natural Gas
Appliances
- Included: Dishwasher, Washer/Dryer Stacked, Refrigerator, Microwave
Features
- Open Floorplan
Interior area
- Finished area above ground: 7,296
Property
Parking
- Parking features: Asphalt
Features
- Levels: Two
- Exterior features: None
Lot
- Size: 1.23 Acres
- Features: Few Trees, Paved
Details
- Has additional parcels: Yes
- Parcel number: 641607477016.000014
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Kouts
- Subdivision: Madyson Apartments
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2024 | Sold | $730,000 |
Source:  NIRA as distributed by MLS GRID #806696 Report a problem | ||
| 7/12/2024 | Listed for sale | $730,000 |
Source: NIRA as distributed by MLS GRID #806696 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $125 -1.5% | $9,000 +25% |
| 2024 | $127 -0.6% | $7,200 +4.3% |
| 2023 | $127 -4.9% | $6,900 |
| 2022 | $134 +14.7% | $6,900 |
| 2021 | $117 -4.1% | $6,900 +15% |
| 2020 | $122 +1.7% | $6,000 |
| 2019 | $120 +0.4% | $6,000 |
| 2018 | $119 | $6,000 |
| 2017 | $119 +28.5% | $6,000 +25% |
| 2016 | $93 -64.3% | $4,800 -5.9% |
| 2014 | $260 +5.4% | $5,100 +2% |
| 2013 | $246 +142.1% | $5,000 +4.2% |
| 2012 | $102 -9.8% | $4,800 -12.7% |
| 2011 | $113 -99% | $5,500 -98.9% |
| 2010 | $10,882 +4.4% | $519,200 |
| 2009 | $10,424 | $519,200 +2784.4% |
| 2006 | -- | $18,000 -2.7% |
| 2005 | -- | $18,500 |
Find assessor info on the county website
Neighborhood: 46347
Nearby schools
GreatSchools rating
- 6/10Kouts Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Kouts Middle/High SchoolGrades: 6-12Distance: 0.6 mi
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Estimated market value
$827,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$827,700
- Indiana
- Porter County
- Kouts
- 46347
- 406 W Indiana St
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