About 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
Features of 502 Monroe/ 251 Locust
| MLS® # | 831022 |
|---|---|
| Price | $484,994 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Acres | 0.20 |
| Year Built | 1880 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 502 Monroe/ 251 Locust |
|---|---|
| Subdivision | Center 004 Banta's Add,OS,Powells & etc0 |
| City | Valparaiso |
| County | Porter |
| State | IN |
| Zip Code | 46383 |
Amenities
| Utilities | Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected |
|---|---|
| Parking | Driveway, On Street |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Range, Refrigerator |
| Heating | Baseboard, Natural Gas, Hot Water |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Corner Lot |
School Information
| District | Valparaiso |
|---|
Additional Information
| Date Listed | November 18th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Steve Likas |
|---|---|
| Office | McColly Real Estate |