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.
Closed
$405,000
557 Locust St, Valparaiso, IN 46383
--beds
--baths
--sqft
Apartment
Built in 1880
-- sqft lot
$422,700 Zestimate®
$--/sqft
$2,067 Estimated rent
Home value
$422,700
Estimated sales range
Not available
$2,067/mo
Zestimate® history
Owner options
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$2,067/mo
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$2,067/mo
Rent Zestimate®
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$2,458/mo
Est. payment
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$2,458/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Andrew Page,
Ellsbury Group 219-200-5133,
Xever Lemieux,
Ellsbury Group
Bought with:
Broderick Crossin, RB25000862
Realty Executives Premier
Source: NIRA as distributed by MLS GRID,MLS#: 826241
Facts & features
Interior
Heating
- Forced Air
Appliances
- Included: Other
Features
- None
- Has fireplace: No
Interior area
- Finished area above ground: 3,539
Property
Features
- Levels: Two
- Exterior features: Other
Lot
- Size: 3,397 sqft
- Features: Other
Details
- Parcel number: 640925205004000004
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Valparaiso
- Subdivision: Smith Add
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $405,000 |
Source:  NIRA as distributed by MLS GRID #826241 Report a problem | ||
| 8/20/2025 | Contingent | $405,000 |
Source: NIRA as distributed by MLS GRID #826241 Report a problem | ||
| 8/18/2025 | Listed for sale | $405,000 |
Source: NIRA as distributed by MLS GRID #826241 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,270 +11.5% | $251,600 -2.9% |
| 2024 | $5,623 +9.8% | $259,200 +13% |
| 2023 | $5,122 +14.3% | $229,400 +10.3% |
| 2022 | $4,482 +8.3% | $208,000 +18.4% |
| 2021 | $4,140 +4.4% | $175,700 +10% |
| 2020 | $3,966 +5.3% | $159,700 +5.8% |
| 2019 | $3,766 +1.4% | $151,000 +5.8% |
| 2018 | $3,715 | $142,700 +1.3% |
| 2017 | $3,715 +18476.9% | $140,900 +5.6% |
| 2016 | $20 | $133,400 +6% |
| 2014 | $20 +33.3% | $125,900 +6.3% |
| 2013 | $15 | $118,400 +3.7% |
| 2012 | -- | $114,200 +7.2% |
| 2006 | -- | $106,500 +11.3% |
| 2005 | -- | $95,700 |
Find assessor info on the county website
Neighborhood: 46383
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: K-5Distance: 2 mi
- 8/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Valparaiso High SchoolGrades: 9-12Distance: 2.3 mi
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Estimated market value
$422,700
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
$422,700
- Indiana
- Porter County
- Valparaiso
- 46383
- 557 Locust St
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Nearby neighborhoods
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