205 E Garfield Street Michigan City, IN $ 299,900
205 E Garfield Street
$ 299,900
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205 E Garfield Street

Michigan City, IN, 46360
$ 299,900
Bedrooms4 Baths5.0

Monthly Estimate*

$ 1,894

205 E Garfield Street, Michigan City, IN 46360 - Image 1
205 E Garfield Street, Michigan City, IN 46360 - Image 2
205 E Garfield Street, Michigan City, IN 46360 - Image 3
205 E Garfield Street, Michigan City, IN 46360 - Image 4
205 E Garfield Street, Michigan City, IN 46360 - Image 5
205 E Garfield Street, Michigan City, IN 46360 - Image 6
205 E Garfield Street, Michigan City, IN 46360 - Image 7
205 E Garfield Street, Michigan City, IN 46360 - Image 8
205 E Garfield Street, Michigan City, IN 46360 - Image 9
205 E Garfield Street, Michigan City, IN 46360 - Image 10
205 E Garfield Street, Michigan City, IN 46360 - Image 11
205 E Garfield Street, Michigan City, IN 46360 - Image 12
205 E Garfield Street, Michigan City, IN 46360 - Image 13
205 E Garfield Street, Michigan City, IN 46360 - Image 14

Multi-Family Home for sale in Michigan City, IN

for $299,900 with 4 bedrooms and 5 full baths. This home was built in 1968 on a lot size of 0.1165.

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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Multi-Family Active

Price

$ 299,900

Bedrooms

4

Full Bath

5

Property Type

Multi-Family

Taxes

$ 3,972

Style

Apartment

Lot Size

0.1165

Year Built

1968

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

843245

Features
Interior
Interior Amenities None
Fireplace Y/N N
Above Grade Finished Area 3120
Half Baths 0
3/4 Baths 0
Total Bedrooms 4
Total Baths 5
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General
Sewer Public Sewer
Heating Natural Gas
Utilities Cable Available Sewer Connected Natural Gas Connected Electricity Connected
Appliances Range Refrigerator
Pets Allowed No
Year Built 1968
View City Neighborhood
Township Michigan
Levels Two
Property Subtype Apartment
Tax Year 2024
County La Porte
New Construction N
Property Type Residential Income
Subdivision Name Sanborns 4th Add
Garage Y/N N
Rent Includes See Remarks Water Sewer
Total Rooms 12
Full Baths 5
Status Active
Directions US 421 aka Franklin St to Garfield at Dairy Queen turn east to #205
City Michigan City
Lot Size Square Feet 5073
Listing Terms Cash
Tax Annual Amount 3972
Lease Considered Y/N N
Standard Status Active
Tax Assessed Value 132400
Legal Description 42-01-33-305-005 SANBORN'S 4TH LT 2 EX N 36.8 FT OF W 16.4 FT BLK 35
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Exterior
Parking Features On Street Off Street
Lot Features Other
Water Source Public
Lot Size Acres 0.1165
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Eric Frageman

Listing Agent

Century 21 Circle

Broker

michigancityeric@hotmail.com

Email

Affordability Calculator

$2,225
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,894
Monthly Property Taxes
$331
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2026$299,900 Listed Price

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205 E Garfield Street, Michigan City, IN, 46360 is a Multi-Family Home for sale at $299,900 with a lot size of 0.1165. 205 E Garfield Street has 4 bedrooms, 5.0 baths, and was built in 1968. The property's zip code is 46360 which is in Michigan City, IN