126 Dewey St Michigan City, IN 46360
Estimated payment $3,243/month
Total Views
10,384
--
Bed
2
Baths
1,992
Sq Ft
$276
Price per Sq Ft
Highlights
- City View
- Corner Lot
- Covered patio or porch
- Wood Flooring
- No HOA
- Forced Air Heating and Cooling System
About This Home
Investor Special! Portfolio of 3 Single-Family Homes being sold as a package - Fully Occupied! This is a fantastic Investment opportunity featuring 3 income-generating single-family homes that are fully occupied with tenants in place. Each tenant is responsible for paying all utilities. Owners covers only taxes and insurance. Solid cash flow with low overhead makes this an ideal portfolio for investors seeking reliable returns and minimal management. Strong, Consistent Monthly Income. Financials and rent rolls available upon request. Information on listing is for 126 Dewey St ONLY, see attached documents for property details on 2 additional homes Included in sale. Please do not disturb tenants. Also listed as residential.
Listing Agent
Blackrock Real Estate Services License #RB21000477 Listed on: 04/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,536
Year Built
- Built in 1920
Lot Details
- 5,880 Sq Ft Lot
- Corner Lot
- Additional Parcels
Interior Spaces
- 2 Bathrooms
- 1,992 Sq Ft Home
- 1-Story Property
- City Views
- Basement
Flooring
- Wood
- Carpet
- Linoleum
Additional Features
- Covered patio or porch
- Forced Air Heating and Cooling System
Listing and Financial Details
- The owner pays for insurance, taxes
- Assessor Parcel Number 460133229002000022
Community Details
Overview
- No Home Owners Association
- 3 Units
- Woods Park Add Subdivision
Building Details
- Insurance Expense $1,723
- New Taxes Expense $1,886
- Gross Income $13,200
- Net Operating Income $9,591
Map
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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 | $2,608 | $90,700 | $6,200 | $84,500 |
| 2022 | $2,258 | $112,900 | $8,200 | $104,700 |
| 2021 | $1,020 | $51,000 | $3,900 | $47,100 |
| 2020 | $1,020 | $51,000 | $4,400 | $46,600 |
| 2019 | $814 | $38,300 | $4,000 | $34,300 |
| 2018 | $762 | $35,700 | $2,700 | $33,000 |
| 2017 | $1,162 | $55,700 | $7,800 | $47,900 |
| 2016 | $1,200 | $57,600 | $7,800 | $49,800 |
| 2014 | $474 | $61,500 | $7,800 | $53,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Price Changed | $549,000 | 0.0% | $276 / Sq Ft |
| 06/16/2025 06/16/25 | Price Changed | $549,000 | -8.3% | $276 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $599,000 | 0.0% | $301 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $599,000 | +2296.0% | $301 / Sq Ft |
| 03/24/2015 03/24/15 | Sold | $25,000 | 0.0% | $22 / Sq Ft |
| 02/25/2015 02/25/15 | Pending | -- | -- | -- |
| 02/09/2015 02/09/15 | For Sale | $25,000 | -- | $22 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Fidelity Natl Title Ins Co | |
| Limited Warranty Deed | -- | None Available | |
| Sheriffs Deed | $53,865 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | Meridian Title Corp |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $34,800 | Credit Line Revolving | |
| Previous Owner | $8,000 | Unknown | |
| Previous Owner | $5,500 | Unknown | |
| Previous Owner | $54,512 | FHA |
Source: Public Records
Similar Homes in Michigan City, IN
Source: Northwest Indiana Association of REALTORS®
MLS Number: 820138
APN: 46-01-33-229-002.000-022
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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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