1802 Evans Avenue

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Address: 1802 Evans Ave, Valparaiso, IN 46383, USA
Chicago & Midwest + Apartment Buildings
Created date: September 16, 2025
Date last updated: September 16, 2026
Price: $560,000Investment Analyzer NEW!

Property Description

Rare opportunity in the heart of Valparaiso! This spacious 3-unit property offers a total of 8 bedrooms and 3 bathrooms, all situated on 1.30 acres within city limits--a unique combination of space and location. Whether you're seeking an excellent income-producing opportunity or the flexibility to live in one unit while renting the others, this property provides versatility for a variety of uses. Conveniently located near downtown Valparaiso, schools, and local amenities, it offers both accessibility and room to enjoy. Situated in the Urban Residential (UR) District, the property supports a range of residential uses consistent with local zoning. Potential for additional or alternative residential development may exist, subject to municipal regulations and buyer verification. The property is also currently registered as a rental with the City of Valparaiso, offering a smoother transition for investors or owner-occupants. Room to expand, flexibility to suit your needs, and outstanding potential--schedule your showing today!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $560,000
Year Built: 1946
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 8
Number of Bathrooms: 3
Address: 1802 Evans Avenue, Valparaiso, IN 46383, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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