Active

$285,000

Favorite

beds

baths

1516 Lafayette Street

Michigan City, Indiana 46360

Active / MLS #801265 / Multiple Unit (2-4) / Michigan City

Listing information updated 4/15/2024 at 9:24pm

Fully leased, completely remodeled investment property in the Michigan City! 3 unit with total of 5 BR & 3 BA (3 bed/1 bath, 1 bed/1 bath, large 1 bed/1 bath), 1 unit up and 2 on the main level. New windows, roof, plumbing, furnaces and all interior finishes. Gas & electric paid by Tenants, water/sewer is landlord paid. Total monthly rent of $2,700/mo and units are leased to June '24, Nov '24, and Apr '25 CAP rate is over 9.0. Close to the brand new south shore station for an easy trip to Chicago, South Bend, or in between.

Full Features

Basement:

Unfinished

Beds Above Grade:

Cooling System:

None

Heating System:

Forced Air, Natural Gas

Appliances:

Dishwasher, Dryer, Gas Range, Refrigerator, Washer

Pool:

Age:

148 Years

Parking Type:

Gravel,Off Street,Parking Pad

Parking Spaces:

Garage:

Gravel,Off Street,Parking Pad

Room Count:

Square Feet:

N/A

Lot Size:

5584.39

Acreage:

0.1282

Taxes & Assessments

Tax Amount:

$2,374

Tax Year:

2023

Location

Zip Code:

46360

City:

Michigan City

County:

La Porte

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Harbor & Lake Real Estate, LLC

Listing Office Phone: 219.319.1515

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 4/15/2024 at 9:24pm. 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, IN

With pristine beaches and close proximity to both the Indiana Dunes and the south shore of Lake Michigan, Michigan City has it all. Home to the Old Michigan City Light, the community boasts one of the last remaining and oldest lighthouses in Indiana. Today, the Michigan City Historical Society opera...

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Metra

South Shore line at 11th Street

$229,949

Average Sale Price

Average Days On The Market

94%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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Popular Neighborhoods near Michigan City, IN

1516 Lafayette Street is a multiple unit (2-4) currently listed at $285,000. 1516 Lafayette Street features 5 Beds, 3 Baths. This multiple unit (2-4) has been listed on @properties since March 24th, 2024 and was built in 1876. The nearest transit stops include 11th Street Metra South Shore line.