704 Lincolnway, Valparaiso, IN, 46383
About This Home
Situated c;lose to Valparaiso University and downtown Valparaiso, this 2--story building provides excellent exposure and location for any business! The R/T zoning allows for numerous commercial and professional uses but also allows for residential or mixed use! Property was recently used as a 2 unit rental with a 2-bedroom unit on each floor but is a perfect location for many types of retail/services, real estate office, attorney's office, Airbnb, and much more, with private parking in rear of building and on-street parking. Building features an oversized 2 car garage, too. Property offers many possibilities!
Getting Around
Very Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Year built: 1890
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Appliances
- Appliances included: Dishwasher,Refrigerator,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Entrance Foyer,Walk-In Closet(s),Kitchen Island,Granite Counters
- Finished area above ground: 2,202
Heating
- Heating features: Forced Air
Property
Details
- Parcel number: 640924420002000004
- Zoning description: Mixed Use
Features
- Levels: Two
- Pool features: None
- Patio & porch: Covered
- Exterior features: Private Yard
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 7,143 sqft
- Features: Back Yard,Landscaped,Front Yard
Parking
- Total spaces: 4
- Parking features: Additional Parking,Detached,On Street,Alley Access
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,896 | $22,752 |
| Home Insurance * | $181 | $2,172 |
| Property Taxes | $690 | $8,280 |
| Electricity | $184 | $2,212 |
| Total | $2,951 | $35,412 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-01 | Listed for sale | $449,999 |
| 2025-10-23 | Listing removed | $476,000 |
| 2025-08-26 | Price change | $476,000 |
| 2025-07-07 | Price change | $495,000 |
| 2025-04-08 | Listed for sale | $510,000 |
| 2022-11-15 | Sold | $242,000 |
| 2022-09-27 | Price change | $265,000 |
| 2022-09-13 | Price change | $275,000 |
| 2022-09-01 | Listed for sale | $290,000 |
| 2020-10-29 | Listing removed | $1,500 |
| 2020-10-01 | Price change | $1,500 |
| 2020-08-20 | Price change | $1,450 |
| 2020-08-05 | Price change | $1,495 |
| 2020-07-22 | Listed for rent | $1,595 |
| 2018-08-10 | Sold | $164,000 |
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