1213 Franklin St Michigan City, IN 46360
Estimated payment $1,768/month
Highlights
- Wood Flooring
- Outdoor Storage
- Forced Air Heating and Cooling System
- Corner Lot
About This Home
Amazing opportunity to own a mixed-use building. This is a two unit- residential apartment building with a storefront Total 3 units. This building has so much potential! Open up a business and owner occupy one of the apartments or for cashflow and investment! The units have been updated and feature newer bathrooms, new appliances and in-unit washer /dryer for apartments. . Newly installed furnaces and central ac for all 3 units. The first floor - 2 bedrms 1 bthrm . 2nd flr -2 bedrm 2 bthrms . attached store facing Franklin. Well kept and ready for new tenants. Walking distance to the muti- million 12 story mixed use development that will include the new South Shore Train Station, approximately 200 luxury apartments, roof top garden, retail and restaurant space, and multiple parking structures. New double track train line gets you to Chicago in 60 minutes. This is a great (growing) location!! Minutes from the lake front, light house outlet malls and the uptown arts district. A Must See!!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,551
Year Built
- Built in 1880
Interior Spaces
- 2,441 Sq Ft Home
- 1-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Carport Spaces
Additional Features
- Outdoor Storage
- Land Lease expires 8/18/25
- Forced Air Heating and Cooling System
Community Details
- 3 Units
- Michigan City Subdivision
Listing and Financial Details
- Property Available on 8/18/25
- The owner pays for taxes, water
- Rent includes water
- Assessor Parcel Number 460129485014000022
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,623 | $157,000 | $9,600 | $147,400 |
| 2023 | $2,551 | $120,600 | $9,600 | $111,000 |
| 2022 | $1,690 | $79,100 | $4,400 | $74,700 |
| 2021 | $1,836 | $85,400 | $4,400 | $81,000 |
| 2020 | $1,723 | $85,400 | $4,400 | $81,000 |
| 2019 | $673 | $72,800 | $4,400 | $68,400 |
| 2018 | $545 | $69,800 | $4,400 | $65,400 |
| 2017 | $447 | $55,100 | $4,400 | $50,700 |
| 2016 | $472 | $51,400 | $4,400 | $47,000 |
| 2014 | $476 | $71,200 | $4,400 | $66,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $295,000 | +3.5% | $121 / Sq Ft | |
| 11/01/2023 11/01/23 | Sold | $285,000 | -3.4% | $117 / Sq Ft | View Prior Sale |
| 04/27/2023 04/27/23 | For Sale | $295,000 | -- | $121 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Personal Reps Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $213,000 | New Conventional |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 826252
APN: 46-01-29-485-014.000-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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