1001 E Michigan Boulevard Michigan City, IN ^$ 299,000

1001 E Michigan Boulevard

^$ 299,000

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Recently Listed

1001 E Michigan Boulevard

Michigan City, IN, 46360

^$ 299,000

Bedrooms6 Baths5.0

Monthly Estimate*

^$ 1,987

1001 E Michigan Boulevard, Michigan City, IN 46360 - Image 1

1001 E Michigan Boulevard, Michigan City, IN 46360 - Image 2

1001 E Michigan Boulevard, Michigan City, IN 46360 - Image 3

Multi-Family Home for sale in Michigan City, IN

for $299,000 with 6 bedrooms and 5 full baths. This home was built in 1900 on a lot size of 0.0459.

Exciting investment opportunity in Michigan City with this 5-unit apartment building! With the recent rail upgrade project for the South Shore commuter train line, Michigan City is now an easy train ride to downtown Chicago, while providing a more affordable cost of living at home. Plus tenants will be within walking/biking distance to the train station, beaches & marinas, shopping, casinos, breweries and much more! This building is being sold as-is, priced to sell with plenty of margin for a great value-add opportunity. Excellent long-term tenant history as well as solid return on investment. Don't miss your chance to capitalize on the fast-pace growth that the Michigan City area is experiencing!

Multi-Family Active

Price

^$ 299,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,286

Style

Apartment

Lot Size

0.0459

Year Built

1900

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

803724

Features

General

Interior Features Eat-in Kitchen Other

Sewer Public Sewer

Heating Central Varies by Unit Natural Gas

Utilities Cable Available Water Available Sewer Available Electricity Available Phone Available Natural Gas Available

Appliances Gas Water Heater Range Refrigerator

Exterior Features None

Pool Features None

Pets Allowed Yes

Year Built 1900

Electric 200+ Amp Service Separate Meters

View City Neighborhood City Lights

Township Michigan

Levels Two

Property SubType Apartment

Tax Year 2023

Gross Income 3400

Community Features Sidewalks Street Lights

County La Porte

New Construction N

Property Type Residential Income

HOA / Comm Assn N

Subdivision Name N/A

Garage Y/N N

Rent Includes Trash Collection Water

Status Active

City Michigan City

High School District Michigan City

Lot Size Square Feet 1999.4

Waterfront Y/N N

Street Name Michigan

Tax Annual Amount 3286

Lease Considered Y/N N

Standard Status Active

Legal Description 42-01-28-336-001 23 X 100 FT SW 1/4 NE 1/4 SW 1/4 & PT VAC ALLEY S28 T38 R4 .055 A TIF ASSMT #51 SANI ASSMT #36 61 70 & 80

Exterior

Fencing None

Parking Features On Street

Lot Features City Lot Near Public Transit Corner Lot

Water Source Public

Lot Dimensions 23x100

Lot Size Acres 0.0459

Road Surface Type Paved

Lot Size Source Assessor

Interior

Window Features Wood Frames

Fireplace Y/N N

Above Grade Finished Area 3356

Full Baths 5

Street Suffix Boulevard

Total Bedrooms 6

* Excluded Features

List By

David Albers

Listing Agent

Coldwell Banker Realty

Broker

david.albers@cbrealty.com

Affordability Calculator

$2,261

Per Month

Monthly Principal & Interest: $1,987
Monthly Property Taxes: $274
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Michigan City, IN

Average List Price ^$209,664

Percent of Sale Price 30%

About Michigan City, IN

42,412 Population

-7% Since 2002

^$42,478 Median Income

40.4 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4001580 Elementary School

4001645 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/15/2024	$299,000		Listed Price

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1001 E Michigan Boulevard, Michigan City, IN, 46360 is a Multi-Family Home for sale at $299,000 with a lot size of 0.0459. 1001 E Michigan Boulevard has 6 bedrooms, 5.0 baths, and was built in 1900. The property's zip code is 46360 which is in Michigan City, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/29/2024.

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1001 E Michigan Boulevard

Multi-Family Home for sale in Michigan City, IN

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