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$1,160,000 -$100,000 (-7.94%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
  • 9,246 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 205 Michigan Ave

General

  • Price: $1,160,000
  • Taxes: $14,337 (2024)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: GNIAR
  • MLS ID: 839221
  • Updated: 6/2/2026
  • Added to Site: 14 day(s) ago

Parking

  • Parking Features: Attached, Asphalt, Alley Access, Additional Parking, Paved, Off Street

Location

  • County: Porter
  • Township: Center
  • Subdivision: Valparaiso
  • Driving Directions: Lincolnway west to Michigan avenue two blocks North to property 205 Michigan Ave Valparaiso, IN 46383

Heating & Cooling

  • Heating Type: Other

Structural Information

  • Square Feet: 9,246
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,712

Financial Considerations

  • Tax Amount: $14,337
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: O S S1/2 LOTS 1 & 2 BLK 9
  • Property ID: 640924331005000004

Listed by Evolution Real Estate Solution

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Listing agents

— 205 Michigan Ave —

  • Evolution Real Estate Solution

  • Evolution Real Estate Solution

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 205 Michigan Ave

School District:Valparaiso Community Schools
NameGradesDistance
Central Elementary School, Valparaiso, IN
653 Hayes Leonard Road, Valparaiso, IN 46385
K-51.9 mi
Benjamin Franklin Mid School
605 Campbell Street, Valparaiso, IN 46385
6-80.5 mi
Valparaiso High School
2727 Campbell Street, Valparaiso, IN 46385
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 205 Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/02/2026
Price Reduced
$1,160,000
-7.94%
MLS
5/20/2026
Listed
$1,260,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 205 Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,517
—
$710,200
20%
2024
$14,517
100%
$592,700
106%
2023
$7,247
9%
$288,300
10%
2022
$6,651
2%
$262,800
6%
2021
$6,511
-2%
$248,200
—
2020
$6,619
-1%
$248,400
—
2019
$6,704
—
$248,400
—
2018
$6,702
2%
$248,400
2%
2017
$6,587
—
$244,300
-1%
2017
$6,587
8%
$246,100
3%
2016
$6,127
2%
$238,700
1%
2015
$6,011
-7%
$236,700
-1%
2013
$6,481
—
$240,200
—
2012
$6,481
—
$240,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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205 Michigan Avenue, Valparaiso, IN 46383 (MLS# 839221) is a Commercial Multi-Family property. 205 Michigan Avenue is currently listed for $1,160,000 and was received on May 20, 2026. Want to learn more about 205 Michigan Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Valparaiso? You can browse all Valparaiso real estate or contact a Coldwell Banker agent to request more information.

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