Residential Income For Sale

1115 Franklin Street, Michigan City, Indiana

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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!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA837999
Price : $549,000
Bedrooms : 0
Rooms : 0
Bathrooms : 1
Half Bathrooms : 0
Year Built : 1900
Lot Area : 2,600 Sqft
Status : Active
Acres : 0.06
Property Subtype 1 : Quadruplex
Status : Active
Features
Heating System : Forced Air, Natural Gas
Basement : Yes
Pet Policy : Call
Parking : On Street
Exterior Features : No
Interior Features : Other
Appliances
Appliances : Refrigerator, Gas Range
Address Map
Country : US
State : IN
County : La Porte
City : Michigan City
Street : Franklin
Street Number : 1115
Street Suffix : Street
Postal Code : 46360
Floor Number : 0
Longitude : W87° 6' 3.8''
Latitude : N41° 42' 38.6''
Directions : North on Franklin from Highway 20
Township : Michigan
MLS Addon
Office Name : Blackrock Real Estate Services
Listing Agent MLS ID : NRA16676
Listing Office MLS ID : NRA1325
Annual Tax Amount : $4,618
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA837999
  • Bedrooms : 0
  • Bathrooms : 1
  • Lot Area : 2,600 Sqft
$549,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent