NOT LISTED FOR SALE

1701 Franklin St Michigan City, IN 46360

Estimated Value: $325,284

5 Beds
5 Baths
5,964 Sq Ft
$55/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $270,000 $45 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,172/month

239 Days on Market

About This Home

As of November 2021

Great Investment Property. This amazing opportunity is available on Franklin Street. Gorgeous building with 2 apartments upstairs and great spaces. The 3 bedroom apartment has lovely exposed brick walls, and the 2 bedroom apartment has a stately feel. Original Hardwood floors in each unit, plus their own laundry room. Each unit rents for $800/month. Downstairs is a new restaurant opening soon with a lease for $1,000/month through November 2021, then $1,400/month through November 2022. WOW... can't beat this deal!

Last Agent to Sell the Property

Line Mullins

Coldwell Banker Realty License #RB15000113 Listed on: 02/05/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,660

Year Built

  • Built in 1905

Lot Details

  • 4,655 Sq Ft Lot

Home Design

  • 5,964 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • 4 Units
  • Recorded Plat/Land Companys Subdivision

Listing and Financial Details

  • Assessor Parcel Number 460132236010000022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,660

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1905
  • Reso Property Sub Type: Income Property
  • Reso Association Amenities: Laundry/Some Units
  • Co List Office Mls Id: GNR728
  • Subdivision Name: Recorded Plat/Land Companys
  • GNR_TotalBathrooms: 5
  • GNR_FullBathrooms: 0
  • GNR_HalfBathrooms: 0
  • GNR_Auction: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Acres: 0.1069

Garage/Parking

  • Parking Features: None

Lot Info

  • Lot Size Sq Ft: 4655
  • Parcel #: 460132236010000022

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4660

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Oct 26, 2021
Sold by
Bigfoot Properties Llc
Bought by
Frakinlin Llc
Seller's Agent
Line Mullins
Coldwell Banker Realty
List Price
$270,000
Sold Price
$270,000
Current Estimated Value
$325,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,284
Avg. Annual Appreciation
4.96%

Purchase Details

Closed on
Mar 19, 2010
Sold by
Craig Arthur J and Craig Beverly J
Bought by
Bigfoot Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 28, 2004
Sold by
Craig Arthur and Craig Beverly
Bought by
Bigfoot Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frakinlin Llc -- None Listed On Document
Bigfoot Properties Llc -- Meridian Title Corp
Bigfoot Properties Llc -- Meridian Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed K Franklin Llc $229,810
Previous Owner Bigfoot Properties Llc $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $270,000 0.0% $45 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $270,000 -- $45 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $4,953 $157,900 $38,400 $119,500
2023 $4,737 $157,900 $38,400 $119,500
2022 $4,845 $161,500 $38,400 $123,100
2021 $4,191 $139,700 $38,400 $101,300
2020 $4,191 $139,700 $38,400 $101,300
2019 $4,335 $139,700 $38,400 $101,300
2018 $4,335 $139,700 $38,400 $101,300
2017 $4,305 $138,700 $38,400 $100,300
2016 $4,296 $185,200 $38,400 $146,800
2014 $4,050 $135,000 $29,800 $105,200
Source: Public Records

Agents Affiliated with this Home

  • Line Mullins

    Seller's Agent in 2021

    Line Mullins

    Coldwell Banker Realty

    (708) 790-3676

    167 Total Sales

    Line Mullins
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: GNR488269

Northwest Indiana Association of REALTORS®

APN: 46-01-32-236-010.000-022

Indiana La Porte County Michigan City 46360

1701 Franklin St, Michigan City, IN

This home is located at 1701 Franklin St, Michigan City, IN 46360 since 05 February 2021 and is currently estimated at $325,284, approximately $54 per square foot. This property was built in 1905. 1701 Franklin St is a home located in LaPorte County with nearby schools including Knapp Elementary School, Barker Middle School, and Michigan City High School.

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.

Northwest Indiana Association of REALTORS® 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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