2001 Calumet Avenue, Valparaiso, IN 46383 (MLS# 827684)

2001 Calumet Avenue, Valparaiso, IN 46383

$2,710,000

Property Type: Commercial Sale Square Footage: 23,264 Lot Size (sq. ft.): 37,897 Status: Closed

Current Price: $2,710,000 List Date: 9/12/2025 Last Modified: 11/11/2025

Overview

Description

SOLD BEFORE PRINT! Opportunity knocks with a substantial residential income investment property on the north side of Valparaiso. A 19,932 SF mix of eighteen 1 bedroom apartments , ten 2 bedroom apartments and about 3300 square feet of commercial space plus ample basement storage, this building brings income potential. Property will be delivered mostly vacant with just a few remaining tenants. Located on Calumet just north of Glendale, near new attached patio homes, Walgreens Pharmacy, and other national and regional chains, and on the V Line bus line with a stop on location, this building is unique. Proforma returns at conservative market value rents forecast approximately an 8 CAP at asking price. 48 hour notice will be required for all showings -- select vacant units only, plus commercial space and storage.

Listing Details MLS# 827684

General Property Information

Number Of Units Total: 28
Living Area: 23264
Building Area Source: Assessor
Year Built: 1966
Parking Total: 43
Lot Size Acres: 0.87
Lot Size Square Feet: 37897
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: Yes
Stories: 2

Property Features

Basement: Other Building Features: Balcony; Exterior Lighting; Mixed Use; Multi Tenant Business Type: Mixed Construction Materials: Vinyl Siding Cooling: Other Current Use: Mixed Use; Multi-Family Electric: Other Exterior Features: Balcony; Lighting Heating: Forced Air; Other Listing Terms: Cash; Conventional Owner Pays: Exterior Maintenance; See Remarks Parking Features: Asphalt Possession: Subject To Tenant Rights Rail Availability: None Roof: Shingle Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: See Remarks Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 2725000
Property Sub Type: Multi Family
Listing Agreement: Exclusive Agency
Occupant Type: Owner

Location Tax and Legal

Street Number: 2001
Street Name: Calumet
Street Suffix: Avenue
County: Porter
State: IN
Postal Code: 46383
Subdivision Name: Freunds 1st Add

Remarks and Miscellaneous

Public Remarks: SOLD BEFORE PRINT! Opportunity knocks with a substantial residential income investment property on the north side of Valparaiso. A 19,932 SF mix of eighteen 1 bedroom apartments , ten 2 bedroom apartments and about 3300 square feet of commercial space plus ample basement storage, this building brings income potential. Property will be delivered mostly vacant with just a few remaining tenants. Located on Calumet just north of Glendale, near new attached patio homes, Walgreens Pharmacy, and other national and regional chains, and on the V Line bus line with a stop on location, this building is unique. Proforma returns at conservative market value rents forecast approximately an 8 CAP at asking price. 48 hour notice will be required for all showings -- select vacant units only, plus commercial space and storage.

Status Change Information

Major Change Timestamp: 2025-11-11T17:45:52Z
Major Change Type: Status Change
Status Change Timestamp: 2025-11-11
Offer Acceptance Date: 2025-09-12
Close Date: 2025-11-10
Close Price: 2710000
Concessions: No
Buyer Financing: Conventional

More Information

Building Features

Number of Offices: Yes
Office SqFt: 3332
Balcony: Yes
Exterior Lighting: Yes
Mixed Use: Yes
Multi Tenant: Yes

Exemption Information

Exemption YN: Yes
Exemptions: Charitable

Showing Requirements

Showing Instructions: Use showing assist - 48 hour notice

Location, Tax, and Legal

School District: Valparaiso
High School: Valparaiso High School
Tax Annual Amount: 600
Tax Year: 2025
Tax Legal Description: FREUNDS 1ST ADD TO ARTILLAS LOT 5 & N33 LOT 4
Parcel Number: 640913277007000004
Township: Center
Directions: From Calumet Ave and Glendale Blvd, go north on Calumet Ave. Property will be on the west side of the street.
Cross Street: Glendale Blvd

Basement

Other: Yes

Construction Materials

Vinyl Siding: Yes

Cooling

Other: Yes

Electric

Other: Yes

Exterior Features

Balcony: Yes
Lighting: Yes

Heating

Forced Air: Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Asphalt: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

Exterior Maintenance: Yes
See Remarks: Yes

Tenant Pays

See Remarks: Yes

Current Use

Mixed Use: Yes
Multi-Family: Yes

Business Type

Mixed: Yes

Rail Availability

None: Yes

Listing Office: RE/MAX Lifestyles

Last Updated: November - 11 - 2025

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