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
$455,000
559 Locust St, Valparaiso, IN 46383
--beds
--baths
--sqft
Apartment
Built in 1880
-- sqft lot
$464,600 Zestimate®
$--/sqft
$1,847 Estimated rent
Home value
$464,600
$409,000 - $530,000
$1,847/mo
Zestimate® history
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$1,847/mo
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Rent Zestimate®
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$2,238/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: October 13, 2025 at 09:51am
Listed by:
Andrew Page,
Ellsbury Group 219-200-5133,
Xever Lemieux,
Ellsbury Group
Bought with:
Broderick Crossin, RB25000862
Realty Executives Premier
Michael Tezak, RB14033486
Realty Executives Premier
Source: NIRA as distributed by MLS GRID,MLS#: 826239
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Other
Features
- Other
- Has fireplace: No
Interior area
- Finished area above ground: 3,700
Property
Features
- Levels: Two
- Exterior features: Other
Lot
- Size: 7,405 sqft
- Features: Other
Details
- Parcel number: 640925205005000004
- 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,Other,VA Loan,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $455,000 |
Source:  NIRA as distributed by MLS GRID #826239 Report a problem | ||
| 8/20/2025 | Contingent | $455,000 |
Source: NIRA as distributed by MLS GRID #826239 Report a problem | ||
| 8/18/2025 | Listed for sale | $455,000 |
Source: NIRA as distributed by MLS GRID #826239 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,488 +95.2% | $345,200 +13% |
| 2023 | $3,837 -3.5% | $305,500 +96.1% |
| 2022 | $3,974 -1.6% | $155,800 |
| 2021 | $4,038 -1.3% | $155,800 |
| 2020 | $4,092 -0.4% | $155,800 |
| 2019 | $4,110 -22.2% | $155,800 -23% |
| 2018 | $5,284 | $202,400 +0.8% |
| 2017 | $5,284 +26318.8% | $200,700 +5.7% |
| 2016 | $20 | $189,900 +5.4% |
| 2014 | $20 +33.3% | $180,100 +6.2% |
| 2013 | $15 | $169,600 +4.8% |
| 2012 | -- | $161,900 |
Find assessor info on the county website
Neighborhood: 46383
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: K-5Distance: 2.1 mi
- 8/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Valparaiso High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$464,600
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
$464,600
- Indiana
- Porter County
- Valparaiso
- 46383
- 559 Locust St