205 Michigan Avenue, Valparaiso, IN 46383
$1,160,000
Property Type:
Commercial Sale
Square Footage:
9,246
Lot Size (sq. ft.):
8,712
Status:
Active
Current Price:
$1,160,000
List Date:
5/20/2026
Last Modified:
6/02/2026
Overview
Description
Listing Details MLS# 839221
General Property Information
- Number Of Units Total
- 9
- Living Area
- 9246
- Building Area Source
- Assessor
- Year Built
- 1920
- Parking Total
- 9
- Lot Size Acres
- 0.2
- Lot Size Square Feet
- 8712
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- Yes
Property Features
Basement:
Interior Entry; Partially Finished; Storage Space
Building Features:
Multi Tenant; Patio
Business Type:
Other
Construction Materials:
Stucco
Cooling:
Other
Current Use:
Multi-Family
Electric:
100 Amp Service
Heating:
Other
Listing Terms:
Cash; Conventional
Lock Box Information:
Call Listing Office
Owner Pays:
Common Area Maintenance; Exterior Maintenance; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Management; Pest Control; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Features:
Additional Parking; Alley Access; Asphalt; Attached; Off Street; Paved
Possession:
Subject To Tenant Rights
Rail Availability:
None
Roof:
Other
Sewer:
Public Sewer
Special Listing Conditions:
Agent Owned / Interest
Tenant Pays:
Electricity; Gas; See Remarks
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1260000
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Seller to consider offering concessions
- No
- Common Interest
- None
- Owner Name
- 205 Michigan LLC
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 205
- Street Name
- Michigan
- Street Suffix
- Avenue
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Valparaiso
Remarks and Miscellaneous
- Public Remarks
- Discover an exceptional investment opportunity with this charming, well-maintained 9 unit multifamily property. This building blends classic character and craftsmanship with thoughtful updates, creating a desirable living environment for tenants and a turnkey opportunity for investors. This property features a diverse unit mix ranging from studio to 3 bedroom apartments in the heart of Valparaiso. Situated in a convenient location near shopping, dining, and transportation this building has had a history of stable occupancy. Whether you're looking to expand your portfolio or seeking a reliable income-producing asset, this 9-unit property offers an ideal combination of charm and long-term growth potential. *Landlord pays for water & heat.
Status Change Information
- Major Change Timestamp
- 2026-06-02T14:56:11Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-06-02T14:56:11Z
- Status Change Timestamp
- 2026-05-20
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- There is one vacant unit available to be seen upon contact with our office.
Location, Tax, and Legal
- Tax Annual Amount
- 14337
- Tax Year
- 2024
- Tax Legal Description
- O S S1/2 LOTS 1 & 2 BLK 9
- Parcel Number
- 640924331005000004
- Township
- Center
- Directions
- Lincolnway west to Michigan avenue two blocks North to property 205 Michigan Ave Valparaiso, IN 46383
- Census Tract
- 508.01
Basement
- Interior Entry
- Yes
- Partially Finished
- Yes
- Storage Space
- Yes
Construction Materials
- Stucco
- Yes
Cooling
- Other
- Yes
Electric
- 100 Amp Service
- Yes
Heating
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lock Box Information
- Call Listing Office
- Yes
Parking Features
- Additional Parking
- Yes
- Alley Access
- Yes
- Asphalt
- Yes
- Attached
- Yes
- Off Street
- Yes
- Paved
- Yes
Possession
- Subject To Tenant Rights
- Yes
Roof
- Other
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Agent Owned / Interest
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Owner Pays
- Common Area Maintenance
- Yes
- Exterior Maintenance
- Yes
- Grounds Care
- Yes
- Hot Water
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Janitorial Service
- Yes
- Management
- Yes
- Pest Control
- Yes
- Repairs
- Yes
- Roof Maintenance
- Yes
- Sewer
- Yes
- Snow Removal
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
- See Remarks
- Yes
Current Use
- Multi-Family
- Yes
Building Features
- Multi Tenant
- Yes
- Patio
- Yes
Business Type
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
Evolution Real Estate Solution
Last Updated: June - 02 - 2026
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