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Michigan City, IN, 46360 • 46360 • La Porte County
$86/sqft
3Beds
2Baths
1,572Sqft
0.11 acLot
1860Built
Character Home
Built 1860 · 166 years of history
Elstons 02 South Add
46360
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People checking out this listing
748 days on market
Established listing
$86/sqft
Price per square foot
Multi Family · Built 1860 · Historic
Established two unit residential property on the edge of downtown Michigan City conveniently close to restaurants, shopping, beach, and the new double track providing access to downtown Chicago in 45 minutesBoth units are currently occupied on short-term leases that could be extended individually or together, or occupy and collect rent to pay your mortgage.The main-level unit offers a living room, kitchen, two bedrooms and a bathroom, currently renting under market for $800/mo by good tenants who would resign. The upstairs unit is well decorated and currently used as an Air B&B, and the rent roll shows gross rents of nearly $20,000 in 2023. Total income for both units is nearly $30,000.Opportunity to own real estate close to the center of growing Michigan City. Live and rent or use as a place to stay while visiting in the area.
Based on current rates
Est. 6.82% rate · 30yr fixed · $108,000 loan
Full calculator →Key facts and listing details
3 categories of property features
Market data and value estimates
3 schools rated nearby
Michigan City, IN, 46360
10 events
14 years of records
Local context around this listing
Michigan City, IN • La Porte County
Nearby cities
Nearby zip codes
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