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Image 1 - 1001 E Michigan Blvd, Michigan City, Indiana, 46360 - Apartment for sale
Image 2 - 1001 E Michigan Blvd, Michigan City, Indiana, 46360 - Apartment for sale
Image 3 - 1001 E Michigan Blvd, Michigan City, Indiana, 46360 - Apartment for sale
Flat For Sale In Michigan City, Indiana
1001 E Michigan Blvd, Michigan City, Indiana, 46360

Flat For Sale In Michigan City, Indiana

apartment for sale
Listed: 05/19/24

1001 E Michigan Blvd, Michigan City, Indiana, 46360

6 Bed:
5 Bath:
Save
Price
$ 299,000

About This Apartment

Exciting investment opportunity in Michigan City with this 5-unit apartment building! With the recent rail upgrade project for the South Shore commuter train line, Michigan City is now an easy train ride to downtown Chicago, while providing a more affordable cost of living at home. Plus tenants will be within walking/biking distance to the train station, beaches and marinas, shopping, casinos, breweries and much more! This building is being sold as-is, priced to sell with plenty of margin for a great value-add opportunity. Excellent long-term tenant history as well as solid return on investment. Don't miss your chance to capitalize on the fast-pace growth that the Michigan City area is experiencing!

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Michigan City Housing & Living

Household Income

Median household income: $38,631
Number of households: 12,729
The average household income in Michigan City, IN grew from $37,742 to $38,631 in the past year. This data is an estimate based upon 12,729 households in Michigan City, IN.
The chart below presents how household income is distributed in Michigan City, IN in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Michigan City, IN compared to median property taxes around the country. The prevalent amount of property taxes in Michigan City, IN equals <$800 , which is more than the national average.