Sign In

Close

x
Showing 1 of 0
X
Save
502 Monroe/ 251 Locust Valparaiso IN 46383US6 Bed, 5.00 Bath (5 Full Bath), 831022
502 Monroe/ 251 Locust ValparaisoIN46383
499900.0000 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

Save
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

$499,900

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

$499,900

Active Listing ID 831022
Save
3d icon
Maps

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

Collapse all

Property Features

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

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 499900
  • 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: 2196633835
  • listofficekey: 3yd-GNIARIN-246
  • listagentstatelicense: RB14051105
  • listofficemlsid: 246
  • disclaimer: Copyright © 2025 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
  • 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: Driveway, Garage, On Street
  • waterfrontyn: False
  • exteriorfeatures: Corner Lot
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • securityfeatures: Smoke Detector(s)
  • 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, "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":"10704", "ListOfficeCity":"Crown Point", "ListOfficeCountry":"US", "ListOfficeEmail":"winfield@mccolly.com", "ListOfficePostalCode":"46307", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Valparaiso, IN", "ListingURL":"https://listings.listhub.net/pages/GNIARIN/831022/?channel=rexren", "MLSModificationTimestamp":"2025-11-19T18:42:14Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":10022.16, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/22/2025 11:08:07 AM GMT
Source Updated Date: 12/15/2025 12:52:27 PM GMT

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

Copyright © 2025 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.

Contact