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 retail/services, real estate office, attorney's office, Airbnb, and much more, with private parking in rear of building and on-street parking. Building features an oversized 2 car garage, too. Property offers many possibilities!
Active
Price cut: $20K (6/10)
$410,000
704 Lincolnway, Valparaiso, IN 46383
4beds
--sqft
Duplex
Built in 1890
-- sqft lot
$388,600 Zestimate®
$--/sqft
$-- HOA
What's special
On-street parking
- 227 days |
- 315 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Wendy Van Denburgh,
McColly Real Estate 219-663-3835
Source: NIRA as distributed by MLS GRID,MLS#: 818684
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Dishwasher, Refrigerator, Gas Water Heater
Features
- Entrance Foyer, Walk-In Closet(s), Kitchen Island, Granite Counters
- Basement: Unfinished
- Has fireplace: No
Interior area
- Finished area above ground: 2,202
Property
Parking
- Total spaces: 4
- Parking features: Additional Parking, Detached, On Street, Alley Access
- Garage spaces: 2
Features
- Levels: Two
- Patio & porch: Covered
- Exterior features: Private Yard
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,143 Square Feet
- Features: Back Yard, Landscaped, Front Yard
Details
- Parcel number: 640924420002000004
- Zoning description: Mixed Use
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Natural Gas Available, Electricity Connected
Community & HOA
Community
- Subdivision: Dewolfs Sub
HOA
- Has HOA: No
Location
- Region: Valparaiso
Financial & listing details
- Tax assessed value: $302,700
- Annual tax amount: $6,635
- Date on market: 12/1/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$388,600
$369,000 - $408,000
$1,393/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $410,000-4.7% |
Source:  NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 5/18/2026 | Price change | $429,999-4.4% |
Source: NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 12/1/2025 | Listed for sale | $449,999-5.5% |
Source: NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 10/23/2025 | Listing removed | $476,000 |
Source: NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 8/26/2025 | Price change | $476,000-3.8% |
Source: NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 7/7/2025 | Price change | $495,000-2.9% |
Source: NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 4/8/2025 | Listed for sale | $510,000+110.7% |
Source: NIRA as distributed by MLS GRID #818684 Report a problem | ||
| 11/15/2022 | Sold | $242,000-8.7% |
Source: NIRA as distributed by MLS GRID #518813 Report a problem | ||
| 9/27/2022 | Price change | $265,000-3.6% |
Source: NIRA as distributed by MLS GRID #518813 Report a problem | ||
| 9/13/2022 | Price change | $275,000-5.2% |
Source: NIRA as distributed by MLS GRID #518813 Report a problem | ||
| 9/1/2022 | Listed for sale | $290,000+76.8% |
Source: NIRA as distributed by MLS GRID #518813 Report a problem | ||
| 10/29/2020 | Listing removed | $1,500 |
Source: Zillow Rental Manager Report a problem | ||
| 10/1/2020 | Price change | $1,500+3.4% |
Source: Zillow Rental Manager Report a problem | ||
| 8/20/2020 | Price change | $1,450-3% |
Source: Zillow Rental Manager Report a problem | ||
| 8/5/2020 | Price change | $1,495-6.3% |
Source: Zillow Rental Manager Report a problem | ||
| 7/22/2020 | Listed for rent | $1,595 |
Source: Zillow Rental Manager Report a problem | ||
| 8/10/2018 | Sold | $164,000 |
Source: NIRA as distributed by MLS GRID #438548 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,349 +10.7% | $302,700 -0.4% |
| 2024 | $6,635 +9.1% | $303,800 +12.2% |
| 2023 | $6,082 +9.4% | $270,700 +9.6% |
| 2022 | $5,561 +8.2% | $247,000 +13.3% |
| 2021 | $5,138 +4.3% | $218,000 +10% |
| 2020 | $4,925 +7.4% | $198,200 +5.7% |
| 2019 | $4,586 +12.9% | $187,500 +7.8% |
| 2018 | $4,061 | $173,900 +1.3% |
| 2017 | $4,061 +26.5% | $171,700 +29.6% |
| 2016 | $3,209 +4.4% | $132,500 +6.8% |
| 2014 | $3,073 +28.9% | $124,100 +4.8% |
| 2013 | $2,383 +3.6% | $118,400 -15.4% |
| 2012 | $2,300 -24.9% | $140,000 +21.7% |
| 2011 | $3,064 +1.3% | $115,000 -23.9% |
| 2010 | $3,024 -5.5% | $151,200 -5.5% |
| 2009 | $3,200 | $160,000 +25.8% |
| 2006 | -- | $127,200 +10.3% |
| 2005 | -- | $115,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 46383
Nearby schools
GreatSchools rating
- 8/10Parkview Elementary SchoolGrades: K-5Distance: 0.6 mi
- 8/10Thomas Jefferson Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Valparaiso High SchoolGrades: 9-12Distance: 2 mi
- $--3 bd1 ba1.1k sqft704 Lincolnway #A, Valparaiso, IN 46383Off Market
- $482,5001 bd6 ba3.7k sqft702 Lincolnway, Valparaiso, IN 46383Sold
- $389,300-- bd-- ba5.3k sqft706 E Lincolnway, Valparaiso, IN 46383Off Market
- $315,8004 bd2 ba2k sqft703 Indiana Ave, Valparaiso, IN 46383Off Market
- $213,3003 bd1 ba1.1k sqft57 Greenwich St, Valparaiso, IN 46383Off Market
- $292,3003 bd2 ba1.5k sqft705 Indiana Ave, Valparaiso, IN 46383Off Market
- $--1 bd1 ba750 sqft705 Indiana Ave #B, Valparaiso, IN 46383Off Market
- $--2 bd1 ba950 sqft705 Indiana Ave #A, Valparaiso, IN 46383Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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