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502 Monroe/ 251 Locust Valparaiso IN 46383US6 Bed, 5.00 Bath (5 Full Bath), 831022
502 Monroe/ 251 Locust ValparaisoIN46383
499894.0000 1/1/1900 12:00:00 AM
Realty Executives Premier (Valparaiso)
310 E. Lincoln WayValparaisoIN46383
219-462-2224
1 /

Courtesy of: Steve Likas, McColly Real Estate, stevelikas@gmail.com

502 Monroe/ 251 Locust
Valparaiso IN 46383 US

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1 /

Courtesy of: Steve Likas, McColly Real Estate, stevelikas@gmail.com

Realty Executives Premier (Valparaiso)
310 E. Lincoln Way
Valparaiso, IN, US 46383
219-462-2224

Get more info about this property

502 Monroe/ 251 Locust
Valparaiso IN 46383 US

$499,894

Active Listing ID 831022
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6 bed
bath icon
5.00 Bath (5 Full)
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Lot: 0.20 Acres
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Apartment

$499,894

Active Listing ID 831022
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502 Monroe/ 251 Locust Excellent Investment Opportunity in Valparaiso! Don't miss this great chance to own a 5-unit income property in the heart of Valparaiso! This solid two-story brick building offers classic curb appeal, reliable rental potential, and long-term value. The property features five separate units, providing steady income and flexibility for investors or owner-occupants. Each unit is well-maintained with functional layouts, and tenants enjoy convenient on-site parking plus a two-car garage for added storage or rental potential. Located close to downtown Valparaiso, shopping, restaurants, schools, and major highways, this property offers excellent accessibility and strong rental demand. Whether you're expanding your portfolio or looking to start your investment journey, this is a turnkey opportunity with consistent cash flow and room to grow

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Property Features

  • Facts
  • Lot Size: 0.20 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 5
  • Exterior Finish: Corner Lot
  • Heating Fuels: Baseboard, Hot Water(Heating), Natural Gas
  • Additional Features
  • Basement
  • Patio

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 499894
  • unparsedaddress: 502 Monroe/ 251 Locust
  • postalcity: Valparaiso
  • stateorprovince: IN
  • country: US
  • postalcode: 46383
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2
  • lotsizeunits: Acres
  • lotsizearea: 0.2
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.465652
  • longitude: -87.05467
  • listagentfullname: Steve Likas
  • listagentemail: stevelikas@gmail.com
  • listagentkey: 3yd-GNIARIN-3496
  • listagentmlsid: 3496
  • listagentpreferredphone: 2193133785
  • listagentofficephone: 2193133785
  • listofficekey: 3yd-GNIARIN-246
  • listofficemlsid: 246
  • disclaimer: Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1880
  • listingcontractdate: 2025-11-18
  • listagentfax: 2196635002
  • listagenturl: http://www.mccolly.com
  • countyorparish: Porter
  • parcelnumber: 64 09 24 456 001 000 004
  • elementaryschooldistrict: Valparaiso
  • middleorjuniorschooldistrict: Valparaiso
  • highschooldistrict: Valparaiso
  • appliances: Range, Refrigerator
  • heating: Baseboard, Hot Water(Heating), Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: On Street, Driveway
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 5, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Basement, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 5
  • patioandporchfeatures: Porch
  • basement: Unfinished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.05467, 41.465652
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"McColly Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"stevelikas@gmail.com", "ListBrokerageCity":"Schererville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"rmccolly@mccolly.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/GNIARIN/b10a743147d611dfb0db00219b9aa4d8/20170327203656540.png", "ListBrokerageName":"McColly Real Estate", "ListBrokeragePhone":"(219) 864-7200", "ListBrokeragePostalCode":"46375", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"800 Deer Creek Drive", "ListBrokerageWebsiteUrl":"http://www.mccolly.com", "ListOfficeAddress1":"10709 Randolph Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"246", "ListOfficeCity":"Crown Point", "ListOfficeCountry":"USA", "ListOfficeEmail":"winfield@mccolly.com", "ListOfficePostalCode":"46307", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"APARTMENT - Valparaiso, IN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/251-Locust-St_Valparaiso_IN_46383_M31816-12260?f=listhub&s=GNIARIN&m=831022&c=rexren", "MLSModificationTimestamp":"2026-01-29 19:23:14", "Neighborhoods":[{"Description":null, "Name":"Center 004 Banta's Add"}, {"Description":null, "Name":"OS"}, {"Description":null, "Name":"Powells & etc0"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10022, "TaxDescription":"Woodhulls Add Lot 4 BLK 16", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/29/2026 7:36:44 PM GMT
Source Updated Date: 2/4/2026 12:52:35 PM GMT

Courtesy of: Steve Likas, McColly Real Estate, stevelikas@gmail.com

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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