Address
105 Hancock Avenue, Michigan City, IN
Price
$ 149,000
Property Attributes
- MLS#817470
- TypeSingle Family
- Listing Status Active
- CountyLA PORTE
- CityMichigan City
- AreaMichigan City
- Zip46360
- StyleSingle Family Residence
- Year Built1889
- Taxes$ 1332
- Price$ 149,000
- Bedrooms5
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1727
- Lot Size0.1435 Acres
Data Source:
Northwest Indiana REALTOR® Association (NIRA)
Property Description
Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.
| Price History | |
|---|---|
| 3/14/2025 | Listed $159,000 |
| 4/9/2025 | 4$154,000 |
| 6/25/2025 | 4$149,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Appliances | Range,Range Hood |
| Year Built | 1889 |
| View | City,Neighborhood |
| Township | Michigan |
| Levels | One and One Half |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| County | La Porte |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | N/A |
| Garage Y/N | No |
| Total Rooms | 9 |
| Full Baths | 1 |
| Status | Active |
| Directions | W 4th St to W 8th St,turn east on W 8th St,then south on Hancock Ave. The property will be on the east side of the street. |
| City | Michigan City |
| High School District | Michigan City |
| Lot Size Square Feet | 6250 |
| Listing Terms | Cash,Conventional |
| Property Attached Y/N | No |
| Tax Annual Amount | 1332 |
| Standard Status | Active |
| Legal Description | 42-01-31-230-011 BLAIRS PARK LTS 44 & 45 BLK 5. |
Interior Features
| Interior Amenities | Ceiling Fan(s),Eat-in Kitchen |
|---|---|
| Fireplace Y/N | No |
| Above Grade Finished Area | 1727 |
| Total Bedrooms | 5 |
| Room Type | Bedroom 2,Other Room,Primary Bedroom,Living Room,Laundry,Kitchen,Bedroom 5,Bedroom 4,Bedroom 3 |
| LivingAreaSource | Assessor |
| Total Baths | 1 |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Lot Features | Back Yard |
| Water Source | Public |
| Lot Size Acres | 0.1435 |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46360
Price
Taxes
Year Built
Visits
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
