205 E Garfield Street, Michigan City, IN 46360
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: eric frageman
Office: century 21 circle219-874-2121
MLS#:843245
Source:Northwest Indiana AOR as distributed by MLS GRID
205 E Garfield Street,Michigan City, IN 46360
$274,900
- 4 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Price summary
- Price:$274,900
About this home
Excellent opportunity to add a versatile mixed-use investment property to your portfolio. This income-producing property features four two-bedroom residential units along with one (1) commercial space, offering multiple income streams in a convenient Michigan City location. The property is currently generating over 2,500 per month in rental income. All residential units are occupied on verbal month-to-month rental agreements, providing flexibility for future management and leasing strategies. The commercail space is vacant and is awaiting your next project. Conveniently located in the 46360 area of Michigan City, the property is situated just off a public bus route and offers easy access to many of the area's amenities. Enjoy proximity to Lake Michigan's shoreline and beaches, shopping, dining, entertainment, the casino, and rail service, making this a desirable location for both residential and commercial tenants. Whether you're expanding your investment portfolio or seeking a mixed-use property with immediate cash flow and future potential, this property presents an outstanding opportunity. Buyer to verify all measurements, rental information, zoning, and permitted uses. Michigan City is short term rental friendly....
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Home facts
- Year built:1968
- Subdivision & Development:Sanborns 4th Add
- Listing ID #:843245
- Added:53 day(s) ago
- Updated:September 24, 2026 at 02:36 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:12
- Kitchen Description:Range, Refrigerator
- Basement Description:No Basement
Structure and exterior
- Year built:1968
- Lot area:0.12 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$274,900
- Tax amount:$3,972 (2024)
Parking
- Parking description:Off Street, On Street
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