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$13,795
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$2,449,000 ↓$3,571,500on 4/19/2024
523 E 8th Street Michigan City, IN 46360
- 20,693 sq. Ft
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Property Description for 523 E 8th Street Michigan City, IN 46360
Unique opportunity to acquire a turnkey single family investment home collection in the energized Lake Michigan community of Michigan City, Indiana. Currently going through transformative redevelopment projects related to the shoreline and the South Shore double tracking project, Michigan City is seeing great interest and investment, to the tune of hundreds of millions in new projects. This downtown housing collection offers an investor a turnkey opportunity to get a 9.1 CAP on the investment. Currently consists of 16 homes ready for your ownership. Tenants pay all utilities. Laundry machines are not included in the sale, but most kitchen appliances are. Out of respect to our seller and tenants, only qualified buyers with POF and signed NDA may receive list of properties and property rent roll.
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Address:523 E 8th Street Michigan City IN 46360
Status:Active
on site: 603 days
Price:$2,449,000
Bathrooms:0
Sq. Feet:20,693
Year Built:1910
Lot Size:2.94
County: La Porte
Township: Michigan
MLS #:518862
Property Type:Mixed Use
Lot Dimensions:IRR
Directions:Properties are spread around LaPorte County.
Total Sq. Ft. :20,693
| Date | Old Price | New Price | Percent Change |
| 04/12/24 | $6,020,500 | $2,449,000 | -59.32% |
| 01/29/24 | $7,185,500 | $6,020,500 | -16.21% |
| 11/14/23 | $7,836,000 | $7,185,500 | -8.3% |
| 06/30/23 | $8,200,000 | $7,836,000 | -4.44% |
| 01/16/23 | $8,500,000 | $8,200,000 | -3.53% |
Tax Year:2023
Mandatory HOA Fee:$
Total Sq. Ft.:20,693
Interior Features:Elevator
Heat:Forced Air
Jeff Safrin
Additional Phone (219) 309-9930
Email jeff.safrin@talktotucker.com
F.C. Tucker Company
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Schools in 523 E 8th Street Michigan City, IN 46360
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Listing provided courtesy of Matt Evans with RE/MAX Lifestyles from NIRA as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 08/29/2022 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.
Michigan City Market Report
103
Avg. DOM
$216.58
Avg. $ / Sq.Ft.
$ 364,900
Med. List Price
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