501 Wabash Avenue, Chesterton, IN 46304 (MLS# 840119)

501 Wabash Avenue, Chesterton, IN 46304

New Listing

$475,000

Property Type: Residential Bedrooms: 9 Baths: 4 Square Footage: 4,400 Lot Size (sq. ft.): 11,761 Status: Active

Current Price: $475,000 List Date: 6/04/2026 Last Modified: 6/04/2026

Overview

Description

501 Wabash Ave is an extraordinary property located in the heart of Chesterton, Indiana. This versatile space offers numerous possibilities: Generational living? Absolutely. Income-producing potential? Yes. A stunning open-concept home with an apartment and guest suite for visiting family and friends? Definitely. Spanning 4,400 square feet, this property is as adaptable as it is distinctive. The main living area features beautiful hardwood floors, an expansive open layout perfect for entertaining and relaxation, four well-sized bedrooms, and a luxurious custom-built shower in the main bathroom. The kitchen, renovated in Spring 2026, is a chef's paradise, featuring new countertops, stainless steel appliances, a pot filler and plenty of cabinetry to accommodate all your cooking essentials. Additionally, there are two more bedrooms, a full bathroom, and another kitchen, dining and living room adjacent to the main area with brand new flooring. This area can function as space for multi-gene ... (Read more)

Listing Details MLS# 840119

General Property Information

New Construction YN: No
Bedrooms Total: 9
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Three Quarter: Yes
Bathrooms Total: 4
Rooms Total: 6
Above Grade Finished Area: 3080
Below Grade Finished Area: 1320
Below Grade Unfinished Area: 1200
Living Area: 4400
Year Built: 1926
Garage YN: Yes
Garage Spaces: 3
Lot Size Acres: 0.27
Lot Size Square Feet: 11761.2
Lot Size Source: Assessor
Association YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: No

Property Features

Appliances: Gas Range; Refrigerator Basement: Partially Finished Construction Materials: Brick; Vinyl Siding Cooling: Ceiling Fan(s); Other Electric: 100 Amp Service Exterior Features: Private Yard Flooring: Carpet; Hardwood; Laminate; Tile; Vinyl Heating: Forced Air; Hot Water Interior Features: Ceiling Fan(s); Crown Molding; High Ceilings; Laminate Counters; Open Floorplan Laundry Features: Gas Dryer Hookup; Lower Level; Upper Level; Washer Hookup Levels: Tri-Level Listing Terms: Cash; Conventional; FHA; VA Loan Lock Box Information: SentriLock Lot Features: Back Yard; Corner Lot; Landscaped; Near Public Transit Parking Features: Additional Parking; Detached Patio And Porch Features: Deck; Patio Possession: Close Of Escrow Roof: Asphalt Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Electricity Connected; Natural Gas Connected; Water Connected View: Neighborhood Water Source: Public Window Features: Blinds Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Kitchen; Living Room; Primary Bedroom

Contract Information

Original List Price: 475000
Auction YN: No
Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Occupant Type: Tenant

Location Tax and Legal

Street Number: 501
Street Name: Wabash
Street Suffix: Avenue
County: Porter
State: IN
Postal Code: 46304
Subdivision Name: O S Outlot Add

Remarks and Miscellaneous

Public Remarks: 501 Wabash Ave is an extraordinary property located in the heart of Chesterton, Indiana. This versatile space offers numerous possibilities: Generational living? Absolutely. Income-producing potential? Yes. A stunning open-concept home with an apartment and guest suite for visiting family and friends? Definitely. Spanning 4,400 square feet, this property is as adaptable as it is distinctive. The main living area features beautiful hardwood floors, an expansive open layout perfect for entertaining and relaxation, four well-sized bedrooms, and a luxurious custom-built shower in the main bathroom. The kitchen, renovated in Spring 2026, is a chef's paradise, featuring new countertops, stainless steel appliances, a pot filler and plenty of cabinetry to accommodate all your cooking essentials. Additionally, there are two more bedrooms, a full bathroom, and another kitchen, dining and living room adjacent to the main area with brand new flooring. This area can function as space for multi-generational living or be easily separated to create two distinct spaces. But that's not all! Above the three-car garage, you will discover a three-bedroom, one-bathroom apartment with modern flooring, recessed lighting, its own entrance, and a private deck perfect for enjoying the outdoors. This hidden gem is situated within the award-winning Duneland School District, just a leisurely stroll from the Chesterton European Market, minutes from the beach and State & National Parks, and conveniently close to fantastic local amenities. Plus, it's just a short drive to Chicago. Don't wait or hesitate—schedule your showing today and make this versatile and delightful home yours!

Status Change Information

Major Change Timestamp: 2026-06-04T19:38:09Z
Major Change Type: New Listing
Status Change Timestamp: 2026-06-04

More Information

Bathroom Totals

Lower 1/2: Yes
Lower Full: Yes
Main 3/4: Yes
Upper Full: Yes

Exemption Information

Exemption YN: Yes
Exemptions: Homestead

Square Footage Information

Upper Level Finished SqFt: 1680
Main Level Finished SqFt: 1400
Lower Level Finished SqFt: 1120
Basement Level Finished SqFt: 200

Showing Requirements

Showing Instructions: Please remove shoes or use shoe covers. Turn off all lights, lock doors and return keys.

Room Types

Bedroom 2 Level: Upper
Bedroom 3 Level: Upper
Bedroom 4 Level: Upper
Kitchen Level: Main
Living Room Level: Main
Primary Bedroom Level: Upper
Bedroom 2: Yes
Bedroom 3: Yes
Bedroom 4: Yes
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes

Location, Tax, and Legal

School District: Duneland School Corporation
Tax Annual Amount: 4957
Tax Year: 2025
Tax Legal Description: O S OUTLOT ADD N145 EX PARC IN W75 LOT 1 BLK 1
Parcel Number: 640336403003000023
Township: Westchester
Directions: From 49, head west on Indian Boundary. Turn left on Calumet and right on Wabash. Home is on left side.
Census Tract: 502.03

Appliances

Gas Range: Yes
Refrigerator: Yes

Basement

Partially Finished: Yes

Construction Materials

Brick: Yes
Vinyl Siding: Yes

Cooling

Ceiling Fan(s): Yes
Other: Yes

Electric

100 Amp Service: Yes

Exterior Features

Private Yard: Yes

Flooring

Carpet: Yes
Hardwood: Yes
Laminate: Yes
Tile: Yes
Vinyl: Yes

Heating

Forced Air: Yes
Hot Water: Yes

Interior Features

Ceiling Fan(s): Yes
Crown Molding: Yes
High Ceilings: Yes
Laminate Counters: Yes
Open Floorplan: Yes

Laundry Features

Gas Dryer Hookup: Yes
Lower Level: Yes
Upper Level: Yes
Washer Hookup: Yes

Levels

Tri-Level: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lock Box Information

SentriLock: Yes

Lot Features

Back Yard: Yes
Corner Lot: Yes
Landscaped: Yes
Near Public Transit: Yes

Parking Features

Additional Parking: Yes
Detached: Yes

Patio And Porch Features

Deck: Yes
Patio: Yes

Possession

Close Of Escrow: Yes

Roof

Asphalt: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

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

View

Neighborhood: Yes

Water Source

Public: Yes

Window Features

Blinds: Yes

Room Information

Room Name	Level	Length	Width
Living Room	Main	26.25	24.50
Kitchen	Main	15.75	13.25
Primary Bedroom	Upper	21.50	11.50
Bedroom 2	Upper	21.50	11.50
Bedroom 3	Upper	13.00	11.50
Bedroom 4	Upper	13.00	11.50

Listing Office: Listing Leaders

Last Updated: June - 04 - 2026

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