$85,000

beds

baths

2,096

square ft

124 N Woodland Avenue

Michigan City, Indiana 46360

New / MLS #841035 / Multiple Unit (2-4) / Michigan City

Listing information updated 6/21/2026 at 6:24pm

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!

Full Features

Basement:

Partially Finished

Beds Above Grade:

Cooling System:

None

Heating System:

Forced Air

Appliances:

None

Pool:

Age:

102 Years

Parking Type:

Alley Access,On Street

Garage:

Alley Access,On Street

Room Count:

Water Front:

Square Feet:

2,096

Lot Size:

3920 Acres

Acreage:

3920

Taxes & Assessments

Tax Amount:

$1,832

Tax Year:

2025

Location

Zip Code:

46360

City:

Michigan City

County:

La Porte

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Partially Finished

Beds Above Grade:

Cooling System:

None

Heating System:

Forced Air

Appliances:

None

Pool:

Age:

102 Years

Parking Type:

Alley Access,On Street

Garage:

Alley Access,On Street

Room Count:

Water Front:

Square Feet:

2,096

Lot Size:

3920 Acres

Acreage:

3920

Tax Amount:

$1,832

Tax Year:

2025

Zip Code:

46360

City:

Michigan City

County:

La Porte

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: @PROPERTIES

Listing Office Phone: 219.243.2120

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 6/21/2026 at 6:24pm. 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.