×
  • Left arrow.Go Back

  • Share

  • Add Note

  • Email to Friend

  • Ask a Question

  • Print

  • Heart Icon.Save

$150,000

  • 3 Beds
  • 2 Baths
  • 2,484 sq. Ft
Property Description
Established two unit residential property on 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. 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. This property offers many attractive opportunities and is offered for both FHA and VA as well as conventional and insured conventional financing. Ask about possible financing incentives.
Address:215 W 9th Street Michigan City IN 46360
Status:Active Undr Contract
on site: 83 days
Price:$150,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,484
Year Built:1860
Lot Size:0.12
County: LaPorte
MLS #:542472
Property Type:Single Family Detach
Buyer Broker Compensation: 2.5%
Any compensation may only be paid to a licensed real estate broker.

Lot Dimensions:27x167
Water Source:Public
Directions:Hwy 12 to Wabash, south to 9th St, west on 9th, property on north side of the street with yard sign
Total Sq. Ft. :2,484
Basement:Yes
Loan Price
$845
Price And Interest $782/month
Property Tax $0/month
MTG INS $0/month
HOME INS $63/month
Price
$150,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$756 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS
RoomSizeLevel
Main Bedroom 10x10 Main
Info Not Available
Info Not Available
Kitchen 10x8 Main
Living Room 12x8 Main
Mandatory HOA Fee:$
Subdivision: Elstons 02 South Add
Zip Code:46360
Total Sq. Ft.:2,484
Interior Features:None
Appliances:Other
Exterior Features:None
Heat:Natural Gas
Total Rooms:5
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

Get more information

Listing provided courtesy of Justin Berggren with Listing Leaders Homes & Specialty LLC from GNIAR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/04/2023 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.