Right here, This Is The One! 501 Wabash Ave is a truly remarkableproperty in the heart of Chesterton, Indiana. Optionsabound...Generational living? Check. Income-producing property? Check.Beautiful open concept home with an apartment and guest suite forvisiting family and friends? Check. Boasting 4,200 square feet of livingspace, this property is as versatile as it is unique. The main area of thehome features hardwood floors, an open living space with plenty of roomfor entertaining and relaxing, 4 nicely sized bedrooms and a luxuriouscustom built shower in the main bathroom. In addition to that, there are 2more bedrooms, a full and half bath, an additional kitchen and living roomjust off the main area that can be used as generational living, or separate itfrom the main area and turn this house into a 3 unit income property. Thisproperty doesn't stop there. Above the 3 car garage you will find a 3bedroom, 1 bathroom apartment with newer floors, recessed lighting, aprivate entrance and private deck for enjoying the outdoors. This gem of ahome is located in the award-winning Duneland school district, is aleisurely stroll to the Chesterton European Market, minutes to the beachand State & National Parks, is close to great local amenities and just ashort drive to Chicago. Do not wait, do not hesitate, schedule yourshowing and make this versatile and delightful home yours today!
Active
Price cut: $10K (7/15)
$478,500
501 Wabash Ave, Chesterton, IN 46304
9beds
4,200sqft
Est.:
Single Family Residence
Built in 1926
0.27 Acres Lot
$465,600 Zestimate®
$114/sqft
$-- HOA
What's special
Private entranceApartment and guest suiteLuxurious custom built showerRecessed lightingPrivate deckHardwood floorsNewer floors
- 44 days
- on Zillow |
- 855 |
- 42 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 10:35am
Listed by:
Elizabeth Deutscher,
Listing Leaders 219-462-5478
Source: NIRA,MLS#: 823200

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom 2, Primary Bedroom, Living Room, Kitchen, Bedroom 4, Bedroom 3
Primary bedroom
- Area: 247.25
- Dimensions: 21.5 x 11.5
Bedroom 2
- Area: 247.25
- Dimensions: 21.5 x 11.5
Bedroom 3
- Area: 149.5
- Dimensions: 13.0 x 11.5
Bedroom 4
- Area: 149.5
- Dimensions: 13.0 x 11.5
Kitchen
- Area: 208.68
- Dimensions: 15.75 x 13.25
Living room
- Area: 643.12
- Dimensions: 26.25 x 24.5
Heating
- Forced Air, Hot Water
Appliances
- Included: Refrigerator
- Laundry: Gas Dryer Hookup, Upper Level, Washer Hookup, Lower Level
Features
- Ceiling Fan(s), Open Floorplan, Crown Molding, High Ceilings
- Windows: Blinds
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
- Finished area above ground: 3,080
Property
Parking
- Total spaces: 3
- Parking features: Additional Parking, Detached, On Street, Driveway
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: Tri-Level
- Patio & porch: Deck, Patio
- Exterior features: Private Yard
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.27 Acres
- Features: Corner Lot, Landscaped
Details
- Parcel number: 640336403003000023
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: O S Outlot Add
HOA
- Has HOA: No
Location
- Region: Chesterton
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $400,200
- Annual tax amount: $4,532
- Date on market: 6/26/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,FHA,Conventional
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