143 N 500 W
Valparaiso, IN 46385
- 8 beds
- – baths
- – sqft
- ~2 acre lot
- 1995 build
- – on site
Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter CountyDiscover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns.Gross Annual Income - 38,400 with significant upside when the 4th unit is completed and new leases are securedFlexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investmentLand - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancementsFinancing - Owner financing may be consideredDon't miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.
Last checked:
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Last updated Apr 29, 2025
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MLS# 819831 —
The Building
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Year Built:1995
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New Construction:false
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Levels:One
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Basement:Finished, Walk-Out Access, Interior Entry
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Basement:true
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Above Grade Finished Area:4841
Interior
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Interior Features:None
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Fireplace:false
Room Dimensions
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Living Area Source:Assessor
Financial & Terms
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Lease Considered:false
Location
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Directions:US 30 to N 500 W - SouthProperty located on east side of street
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Latitude:41.455218
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Longitude:-87.161796
The Property
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Parcel Number:640930301002000019
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Property Subtype:Quadruplex
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Property Condition:Fixer
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Lot Features:Back Yard
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Lot Size Acres:1.602
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Lot Size Square Feet:69783
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Lot Size Source:Assessor
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Additional Parcels:true
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View:Rural
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Exterior Features:Private Yard
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 257-2800
- Office phone:
- (219) 662-3000
Taxes
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Tax Year:2024
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Tax Annual Amount:5075
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Tax Assessed Value:104800
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Tax Legal Description:PARC IN W300 S130.25 N410.75 NW SW 30-35-6 .759A; Parc In S130.25 N501 W300 Desc Dr463 P424 Nw Sw 30-35-6 .759A; and Parc In S15.47 N516.47 W300.07SW 30-35-6 .083A Dr420P600&601&Dr423P395
Beds
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Total Bedrooms:8
Baths
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Full Baths:3
Heating & Cooling
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Heating:Forced Air
Utilities
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Utilities:Electricity Connected, Natural Gas Connected
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Sewer:Septic Tank
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Water Source:Well
Appliances
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Appliances:Dryer, Washer, Refrigerator
The Community
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Subdivision Name:NONE
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Pets Allowed:No
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Association:false
Parking
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Garage:false
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Parking Features:Driveway, Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
