557 W Chicago Street, Valparaiso, IN 46385
West Valparaiso · Porter County
Key Facts
Description
Charming Downtown Valparaiso Home with Great Potential Located in the heart of downtown Valparaiso, this 3-bedroom, 2-bath home offers convenience and opportunity. Enjoy being just minutes from shopping, dining, parks, and all that downtown has to offer. The home features a one-car garage, an office space ideal for working from home, and a functional layout with plenty of room to make it your own. With a little TLC, this property has great potential to become a beautiful downtown retreat. Don't miss your chance to bring your vision to life in this desirable location!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1890
Living Area
1,872 sq ft
Lot Size
0.10 acres
Garage Spaces
1
Days on Market
20
MLS® Listing#
841465
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Fireplace
Basement
Lot Features
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$6,016
Tax year 2024
Assessed Value
$248,700
Parcel Number
640923432001000004
Directions
Head south on Weston St from Lincolnway to Chicago. Home on corner of Weston and Chicago.
Affordability Calculator
$52,000
Estimated monthly payment
$1,384/mo
Principal $208,000 · Est. interest $290,179 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Valparaiso, IN
- $478,313
- Median Listing Price
- 52
- Median Days on Market
- 2,321
- Median Sq Ft
- $197
- Median Price / Sq Ft
- 289
- Active Listings
- This home’s price is 46% below the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Valparaiso, IN.
Location
Points of Interest in Valparaiso, IN
Showing the Valparaiso area map.
Nearby Schools
Benjamin Franklin Middle School
Secondary · 0.2 mi away
Central Elementary School
Elementary · 0.4 mi away
Memorial Elementary School
Elementary · 0.4 mi away
Porter County Career Center
Secondary · 0.7 mi away
Valparaiso Community Schools
School · 0.7 mi away
Learning Tree
School · 1.0 mi away
Wee Care Child Development Center
School · 1.0 mi away
Northview Elementary School
Elementary · 1.1 mi away
Parkview Elementary School
Elementary · 1.3 mi away
Thomas Jefferson Middle School
Secondary · 1.4 mi away
Thomas Jefferson Elementary School
Elementary · 1.5 mi away
Montessori Academy of Valparaiso
Elementary · 1.6 mi away
Valparaiso High School
Secondary · 1.6 mi away
Christ Lutheran Church
Elementary · 1.6 mi away
Heavilin Elementary School
Elementary · 1.7 mi away
Immanuel Lutheran School
School · 1.8 mi away
Cooks Corners Elementary School
Elementary · 2.1 mi away
Presbyterian Weekday Nursery School
School · 2.1 mi away
Special Education Division
Elementary · 2.2 mi away
Valparaiso Community Schools
Secondary · 2.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2110 Yorktowne Drive, Valparaiso, IN | $185,000 | 2 | 2 | 1,274 |
| 4305 Ostedt Drive, Valparaiso, IN | $194,000 | 2 | 1 | 790 |
| 1501 Lafayette Street, Valparaiso, IN | $197,500 | 3 | 2 | 1,288 |
| 402 Sturdy Road 2c, Valparaiso, IN | $199,500 | 2 | 2 | 1,263 |
| 2925 Foggy Glen Drive, Valparaiso, IN | $209,900 | 2 | 2 | 960 |
| 703 Dearborn Road, Valparaiso, IN | $214,900 | 3 | 2 | 1,400 |
Moving Cost Estimate
EXIT Agents in Valparaiso
Listing Courtesy: BHHS Executive Realty - 2196631986
Presented by: Alessandra Roeback
Last Updated: 2026-06-30