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$479,900
Est. payment /mo
5 Beds
4 Baths
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Valparaiso
MLS Listing ID 844115
Bedrooms 5
Full Baths 4
Year Built 1879
Annual Tax Amount $6,837
Tax Year 2025
Lot Size 10,890 Sqft
Property Sub-Type Quadruplex
Property Description
LOCATION, LOCATION, LOCATION! A rare opportunity to own an income-producing property in the heart of downtown, just one block north of Lincolnway on Jefferson and steps from the exciting new Linc shopping and dining district. This distinctive historic two-story brick building offers incredible character, an unbeatable location, and multiple income streams. The property features four fully leased residential units, including three 1-bedroom apartments and one spacious 2-bedroom apartment. Each unit offers its own private entrance, providing added privacy and convenience for tenants. A welcoming front porch adds to the historic charm, while a concrete patio area at the rear provides additional outdoor living space. The largest unit also offers direct access to the garage area. What truly sets this investment apart is the RARE detached 7-unit garage, providing valuable additional rental income and a feature nearly impossible to find in a downtown location. The garage is conveniently accessed from the alley and features block construction with a flat roof. All residential units are currently leased, allowing for immediate income from day one, with additional potential to further maximize revenue. With its historic brick architecture, multiple rental units, exceptional garage income, and walkable location near downtown shopping, dining, entertainment, and Lincolnway, this is a truly unique investment opportunity. Properties offering this combination of location, established rental income, historic character, and 7 garage units rarely become available. Add this exceptional downtown property to your investment portfolio!
Location
State IN
County Porter
Rooms
Basement Full
Interior
Interior Features Other
Heating Baseboard
Cooling Other
Fireplace No
Appliance Dryer, Washer, Refrigerator, Gas Range, Dishwasher
Exterior
Parking Features On Street, Detached
Garage Spaces 7.0
Building
Lot Description Front Yard, Other
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Realty Executives Premier
NEARBY SCHOOL & BUSINESS
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com