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$424,900

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 2,304 Sq. Ft.
  • Updated 7 days ago
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Fully Updated Home with Income-Producing Unit in Prime Valparaiso Location! Welcome to 307 Michigan Ave in Valparaiso, IN - a move-in ready home offering rental income potential, modern updates, and a highly desirable location just minutes from downtown Valparaiso, parks, restaurants, and top-rated schools. The main level features a bright, functional layout with an inviting living space, refreshed kitchen, and updated bathroom - ideal for both homeowners and investors. A standout feature is the separate upper-level apartment, perfect for short-term rental, long-term tenants, an in-law suite, or guest space. This added flexibility creates strong income potential and makes the property an excellent house hack or investment opportunity in a high-demand rental area. With a newer roof and mechanicals, this is a turnkey investment!

Full Property Details for 307 Michigan Ave

General

  • Price: $424,900
  • Taxes: $3,312 (2024)
  • Status: Active
  • Type: Single Family
  • Source: GNIAR
  • MLS ID: 837888
  • Updated: 4/28/2026
  • Added to Site: 7 day(s) ago

Interior

  • Number of Rooms: 9
  • Interior Features: Entrance Foyer
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Driveway, On Street

Location

  • County: Porter
  • Township: Center
  • Subdivision: North Valparaiso
  • Driving Directions: Morgan to Institute, West to Michigan, SW corner of Michigan and Institute.

Heating & Cooling

  • Heating Type: Central

Structural Information

  • Square Feet: 2,304
  • Year Built: 1870

Lot Features

  • Lot Size (Acres): 0.108
  • Lot Size (Sq. Ft.): 4,704
  • Lot Features: Corner Lot

Financial Considerations

  • Tax Amount: $3,312
  • Tax Year: 2024
  • Terms: Cash, VA Loan, FHA, Conventional

Disclosures and Reports

  • Legal Description: NORTH VALPARAISO E70.6 LOT 1 BLK 8
  • Property ID: 640924191005000004

Listed by Realty Executives Premier

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— 307 Michigan Ave —

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 307 Michigan Ave

School District:Valparaiso Community Schools
NameGradesDistance
Central Elementary School, Valparaiso, IN
653 Hayes Leonard Road, Valparaiso, IN 46385
K-52 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 307 Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2026
Listed
$424,900
77.04%
MLS
5/31/2024
Sold
$240,000
—
Public Record
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 307 Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,332
—
$279,400
-1%
2024
$3,332
-46%
$282,400
13%
2023
$6,158
12%
$250,400
13%
2022
$5,494
11%
$222,300
15%
2021
$4,935
8%
$192,700
10%
2020
$4,561
4%
$175,200
6%
2019
$4,375
5%
$165,800
5%
2018
$4,166
2%
$157,900
2%
2017
$4,098
—
$155,500
5%
2017
$4,098
14%
$148,000
6%
2016
$3,596
4%
$140,100
1%
2015
$3,442
1%
$139,300
10%
2013
$3,416
—
$126,600
—
2012
$3,416
—
$126,600
—
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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307 Michigan Avenue, Valparaiso, IN 46383 (MLS# 837888) is a Single Family property with 4 bedrooms and 2 full bathrooms. 307 Michigan Avenue is currently listed for $424,900 and was received on April 28, 2026. Want to learn more about 307 Michigan Avenue? Do you have questions about finding other Single 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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