Home For Sale near Lake Louise

Rare Investment Opportunity - Multi-Unit Property on 1.6 Acres in Porter County Discover the potential of this unique rural property situated on 1.6 acres in desirable Porter County. Currently configured as a 3-unit income-producing property, it offers a fourth unit partially built out--ready for your finishing touches. Live in one unit while generating income from the others, or lease all four for maximum returns. Gross Annual Income - 38,400 with significant upside when the 4th unit is completed and new leases are secured Flexibility - Easily convert into a spacious single-family homestead or keep as a lucrative rental investment Land - Expansive 1.6-acre lot with privacy and room for potential future additions or enhancements. Don't miss this rare chance to own a versatile, income-generating property in a peaceful rural setting with plenty of upside. Call to schedule walk-through today.

Property Details

  • Beds: 8
  • Baths: 3.0
  • Year Built: 1995
  • Location: Lake Louise
  • Acres: 1.602
  • County: Porter County
  • Heat/AC: Forced Air, Natural Gas
  • Garage: Driveway, Off Street
  • Roof:
  • Stories: 1
  • Property Taxes: $5,075
  • MLS #: 819831

Location

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Contact Information:

Contact Agent
Buyer's Agent: Steve Likas
McColly Real Estate
219-313-3785
Please say you found it on Lakehouse.com !
Listing Agent: Dennis Nichols, Moke Realty, Inc., 219-257-2800, 219-662-3000 Listing Site, Listing Status: Active
Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Valparaiso, Indiana
Ad Number : 7149560
Viewed: 14 times
Added: Jan 15, 2026
Updated on: Jan 15, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.