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2406 Roosevelt Rd, Valparaiso, IN 46383
About this home
Location. Location Location. This 2-unit multifamily property sits on a generous 1-acre lot near the desirable 5 Point roundabout, offering both income potential and future development opportunities. Both units feature updated floors, fresh paint, and new appliances for modern, move-in-ready appeal. The front unit is a 2-bedroom, 1-bathroom layout, while the rear unit includes 1 bedroom, 1 bathroom, an attached garage, a cozy fireplace, and a private deck. The expansive acreage provides room to explore adding ADUs, or custom builds (subject to zoning approvals). Bonus Opportunity: The owner also owns the adjacent 1-acre parcel (already listed separately), zoned commercial--a rare find in this area--currently generating income with a 1-bed, 1-bath rental. Pair both lots for a strategic investment: combine residential cash flow with commercial potential (retail, office, or mixed-use development). The seller is open to discussions for a combined sale. Schedule a showing to explore this unique dual-lot opportunity.
Redfin Estimate
Market trends in 46383, IN
Last updated October 2026
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Provided by Redfin
Sale history for 2406 Roosevelt Rd
Tax history for 2406 Roosevelt Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Driveway, Garage Faces Front
- Gararge Information
- Has Garage(s)
- Garage Spaces: 2
Interior
- Bathroom Information
- Bathrooms Full: 2
- Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Forced Air
- Interior Features
- Call
- Has Fireplace(s)
- Fireplaces Total: 1
- Fireplace Features: None
- Interior Features: None
- Appliances: Freezer, Refrigerator, Range Hood, Microwave
- Flooring: Laminate
Exterior
- Exterior Features
- Exterior Features: Rain Gutters
- Living Area
- Living Area Source: Assessor
- Above Grade Finished Area: 1,540
- Property Information
- Property Condition: Fixer
- Year Built: 1930
- Accessibility Features YN: No
- Levels: One
- Lot Information
- Lot Size Source: Assessor
Financial
- Tax Information
- Tax Assessed Value: $229,800
- Tax Legal Description: S4RDS N52RDS W1/2 NW NW 18-35-5 1A
- Tax Annual Amount: $2,935.24
- Tax Year: 2024
Utilities
- Utilities Information
- Utilities: Cable Connected, Sewer Available, Water Connected, Natural Gas Connected, Electricity Connected
- Water Source: Public
- Electric: 100 Amp Service
- Sewer: Septic Tank
Location
- Multi-Unit Information
- # of Units Total: 2
Public facts
- Beds: 2
- Baths: 2.0
- Sq. Ft.: 1,540
- Stories: 1.0
- Lot Size: 1 acres
- Style: Single Family Residential
- Year Built: 1930
- Year Renovated: 1930
- County: Porter County
- APN: 641018101007000004
Other
- Auction Information
- Auction YN: No
Around this home
Schools
Public K-5 • Assigned • 0.4mi
Public 6-8 • Assigned • 0.6mi
Public 9-12 • Assigned • 1.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 99° expected this year, 16 days in 30 years
Minor risk of severe winds over next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 10.3 hours in June and 3.2 hours in December, placing it below the U.S. average for solar exposure.
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Home values near 2406 Roosevelt Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | - Baths | 939 Sq. Ft. | $181,620 |
2 Beds | 2 Baths | 1000 Sq. Ft. | $182,679 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 504 Sq. Ft. | $151,157 |
2 Beds | 1 Baths | 820 Sq. Ft. | $166,783 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $175,027 |
2 Beds | 1 Baths | 1152 Sq. Ft. | $179,308 |
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