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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

$149,000

Est. payment - /mo

5 Beds

1 Bath

1,727 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,727 sqft

Price per Sqft $86

MLS Listing ID 817470

Bedrooms 5

Full Baths 1

Year Built 1889

Annual Tax Amount $1,332

Tax Year 2024

Lot Size 6,250 Sqft

Property Sub-Type Single Family Residence

Property Description

Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.

Location

State IN

County La Porte

Rooms

Basement Crawl Space

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen

Heating Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Range, Range Hood

Exterior

Exterior Feature None

Building

Lot Description Back Yard

Schools

School District Michigan City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by RE/MAX Lifestyles

NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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105 Hancock Avenue Michigan City, IN 46360

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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105 Hancock Avenue