Seller's Agent in 2025
David Whitehead
RE/MAX
(219) 793-4416
155 Total Sales
1012 Elston St Michigan City, IN 46360
5
Beds
3
Baths
2,445
Sq Ft
5,247
Sq Ft Lot
Highlights
- Wood Flooring
- Balcony
- Forced Air Heating System
- No HOA
- Porch
About This Home
As of February 2025Great investment opportunity! This 5-bedroom, 3-bathroom, two-story triplex is an excellent addition to any investor's portfolio. The property consists of three separate units, two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit providing flexible rental options. Located directly across the street from a fire station, this property offers convenience and security for tenants. When fully rented, estimated gross rental income is approximately 2,700-2,800 per month, making this a high-potential income-generating asset. The two-story layout provides ample space, and with some minor updates or improvements, rental rates could potentially be increased, maximizing returns. Whether you're looking for a long-term investment or a multi-unit property to live in while renting out additional units, this triplex offers strong potential.
Last Agent to Sell the Property
RE/MAX Lifestyles License #RB14035139 Listed on: 02/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,070
Year Built
- Built in 1864
Lot Details
- 5,247 Sq Ft Lot
- Lot Dimensions are 95x60
Interior Spaces
- 2,445 Sq Ft Home
- 2-Story Property
- Basement
- Laundry in Basement
- Gas Range
Flooring
- Wood
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Porch
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- The owner pays for electricity, taxes
- Assessor Parcel Number 460129393004000022
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2025
Closed on
Feb 28, 2025
Sold by
M & G Property Brothers Llc
Bought by
Ep Properties Llc
Seller's Agent
David Whitehead
RE/MAX Lifestyles
Buyer's Agent
Christina Steele
Atlas Real Estate Associates,
List Price
$124,900
Sold Price
$125,999
Premium/Discount to List
$1,099
0.88%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,659
Avg. Annual Appreciation
12.18%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,999 | None Listed On Document | |
| Warranty Deed | $100,000 | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $125,999 | +0.9% | $52 / Sq Ft |
| 02/14/2025 02/14/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $124,900 | -- | $51 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,286 | $110,000 | $10,600 | $99,400 |
| 2022 | $2,126 | $106,300 | $10,600 | $95,700 |
| 2021 | $1,968 | $98,400 | $10,600 | $87,800 |
| 2020 | $1,454 | $98,400 | $10,600 | $87,800 |
| 2019 | $1,420 | $63,800 | $10,600 | $53,200 |
| 2018 | $1,364 | $61,000 | $10,600 | $50,400 |
| 2017 | $534 | $19,500 | $4,800 | $14,700 |
| 2016 | $546 | $20,100 | $4,800 | $15,300 |
| 2014 | $478 | $23,900 | $4,800 | $19,100 |
Source: Public Records
Agents Affiliated with this Home
-
David Whitehead
-
Christina Steele
Buyer's Agent in 2025
Christina Steele
Atlas Real Estate Associates,
(574) 209-1010
86 Total Sales
Map
Source: Northwest Indiana Association of REALTORS®
MLS Number: 816048
APN: 46-01-29-393-004.000-022
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