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$150,000

  • 3 Beds
  • 2 Baths
  • 1,572 sq. Ft
Property Description
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.
Address:215 W 9th Street Michigan City IN 46360
Status:Closed
on site: 116 days
Price:$150,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:1,572
Year Built:1860
Lot Size:0.12
County: La Porte
Township: Michigan
MLS #:542414
Property Type:Duplex
Buyer Broker Compensation: 2.50
Any compensation may only be paid to a licensed real estate broker.

Lot Dimensions:27 x 167
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. :1,572
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.
$0 / year
YEARS
Tax Year:2023
Mandatory HOA Fee:$
Subdivision: Elstons 02 South Add
Zip Code:46360
Total Sq. Ft.:1,572
Interior Features:Elevator
Total Rooms:6
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

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Listing provided courtesy of Justin Berggren with Listing Leaders Specialty from NIRA as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/02/2023 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.