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Joanna Lewkowicz

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

$529,000

Est. payment - /mo

5,737 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,737 sqft

Price per Sqft $92

Subdivision Land Companys Add

MLS Listing ID 835608

Year Built 1900

Annual Tax Amount $4,618

Tax Year 2025

Lot Size 2,613 Sqft

Property Sub-Type Multi Family

Property Description

Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!

Location

State IN

County La Porte

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Hardwood, Vinyl

Fireplace No

Appliance Gas Range, Refrigerator

Exterior

Exterior Feature None

Parking Features On Street

Utilities Available Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Roof Type Other

Building

Lot Description Corner Lot

Story 2

Structure Type Brick,Wood Siding,Vinyl Siding

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Blackrock Real Estate Services

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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1115 Franklin Street Michigan City, IN 46360

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1115 Franklin Street