551 Locust ST, Valparaiso, IN 46383
551 Locust ST, Valparaiso, IN 46383
551 Locust ST, Valparaiso, IN 46383
17
See all 17 photos
$210,000
Est. payment /mo
Save
7,405 SqFt
Active

551 Locust ST Valparaiso, IN 46383

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 7,405 sqft

Price per Sqft $28

Subdivision Smiths Add

MLS Listing ID 845058

HOA Y/N No

Annual Tax Amount $946

Tax Year 2024

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Unimproved Land

Property Description

Prime RT-Zoned Lot Near Valparaiso University -- Build Your Vision Rare opportunity in the heart of Valparaiso: a 66' x 112' (7,392 sq ft) lot just steps from Valparaiso University, zoned Residential Transition (RT) -- one of the most flexible and sought-after zoning classifications in the city. This RT designation opens the door to two distinct paths, making this lot equally attractive to homeowners and investors alike: For the Single-Family Buyer: Design and build a custom home in a walkable, established neighborhood minutes from VU's campus, downtown Valparaiso's shops and restaurants, and easy highway access. Public water and sewer are already available at the street, simplifying your build timeline and reducing upfront infrastructure costs. For the Builder or Investor: RT zoning allows for the potential construction of a multi-family building on this site, subject to City of Valparaiso approval -- a compelling opportunity to create rental units in a market with a built-in, renewing tenant base of VU students, faculty, and staff. Proximity to campus makes this a location investors actively seek out for long-term rental demand and steady occupancy. Whether your plan is a forever home or an income-producing multi-unit property, this lot offers the zoning flexibility, utility access, and location to make it happen.

Location

State IN

County Porter

Interior

Fireplace N

Exterior

View Y/N true

View Neighborhood

Building

Lot Description Corner Lot, Few Trees

Sewer Public Sewer

Water Public

Schools

School District Valparaiso

Others

Tax ID 640925205001000004

Acceptable Financing NRA20260906203654292733000000

Listing Terms NRA20260906203654292733000000

Listed by White Hat Realty Group, LLC • Lisa Gaff

Save 24K + On Your Next Home

Watch this step by step blueprint on how to get the best home at the best price in the best neighborhood by using our EquityPath System ™ for free.

BOOK YOUR DISCOVERY CALL TODAY | Unlock your free access to the EquityPath System™ 👉

As Featured On

Maurice is an incredible agent and an even better person. Whether you're buying or selling, he keeps everything on track and goes above and beyond to ensure a smooth transaction. Truly the #1 realtor around!

Karen M

Buy Smart. Negotiate Hard. Close Like a Pro.

Ready to buy your dream home with confidence? The Home Buyer Success Academy is your step-by-step guide to mastering the entire process—from smart financial planning with AI to negotiating like a pro and closing with ease. Inside, you’ll find 11 powerful chapters designed to make you feel informed, empowered, and in control. Say goodbye to confusion and hello to clarity. This is more than a course—it’s your roadmap to homeownership.

Download The E-Book Here

Learn how our mortgage concierge program will save you 24K on virtually any home on the market!

BOOK YOUR DISCOVERY CALL TODAY | Unlock your free access to the EquityPath System™ 👉

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Maurice Cornett, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

551 Locust ST