Residential Income For Sale

124 Woodland Avenue, Michigan City, Indiana

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Property Description

Investor opportunity! Priced at just 85K, this tenant-occupied two-unit property offers immediate rental income and strong upside for the right buyer. Each unit features 2 bedrooms and 1 bathroom, with a partially finished basement providing additional storage and future possibilities. The seller is motivated and ready to sell, offering the property as-is and with tenants in place. The main-floor tenant has occupied the property for nearly a decade and is currently month-to-month. The upstairs tenant moved in January and has a lease in place through December. Tenants pay on time, and the property currently generates 1,250 per month in rental income. While the property needs substantial TLC, the layout, income potential, and location make this a great opportunity for an investor ready to renovate and reposition. Conveniently located just blocks from the South Shore Line and near one of the city’s main corridors, with quick access to shopping, dining, entertainment, Blue Chip Casino, and the beach. Great space, great potential, and priced to sell–bring your vision and make this your next investment opportunity!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA841035
Price : $85,000
Bedrooms : 4
Rooms : 8
Bathrooms : 2
Half Bathrooms : 0
Year Built : 1924
Lot Area : 170,755,000 Sqft
Status : Active
Acres : 3920
Property Subtype 1 : Duplex
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Pet Policy : Yes
Parking : On Street, Alley Access
Interior Features : High Ceilings, Eat-in Kitchen
Appliances
Appliances : No
Address Map
Country : US
State : IN
County : La Porte
City : Michigan City
Street : Woodland
Street Number : 124
Street Suffix : Avenue
Postal Code : 46360
Floor Number : 0
Longitude : W87° 7' 30''
Latitude : N41° 42' 39.3''
Directions : Michigan Blvd to Pleasant Ave. Left on Thomas. Left on Woodland Ave. Parking is on the left side of the street
Subdivision : Gates/st John 21b
Township : Michigan
MLS Addon
Office Name : @properties/Christie's Intl RE
Listing Agent MLS ID : NRA14421
Listing Office MLS ID : NRA1076
Annual Tax Amount : $1,832
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Residential Income For Sale
  • Listing ID : NRA841035
  • Bedrooms : 4
  • Bathrooms : 2
  • Lot Area : 170,755,000 Sqft
$85,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent