1001 E Michigan Blvd, Michigan City, Indiana, 46360
6Bed:
5Bath:
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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While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow
expert tips to reduce the risk of fraud when renting a new apartment.
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.