NOT LISTED FOR SALE

228 W Barker Ave Michigan City, IN 46360

8 Beds
9.5 Baths
8,362 Sq Ft
9,500 Sq Ft Lot

Last Sold May 15, 2024

Last sale price $625,000 $75 Per Sq Ft

180 Days on Market

Highlights

  • 2 Car Attached Garage
  • Tile Flooring
  • Laundry Facilities

About This Home

As of May 2024

This charming 7 unit apartment building in Michigan City is the perfect investment opportunity for those looking to add to their real estate portfolio. The spacious & well-maintained apts are great for long or short term occupants, making this property an ideal option for those interested in operating a rental business.Each apartment ensures clean, updated & comfortable living spaces that are sure to impress even the most discerning tenants. The unique addition of a storefront further adds value to this already desirable investment property. Additionally, the building has common laundry, an outdoor patio area, a 2 car garage & reserved parking providing additional amenities that are highly attractive to renters.The location is highly advantageous, with its close proximity to the South Shore line providing easy access to Chicago.Do not miss this opportunity to own and reap the rewards of owning an exceptional piece of real estate near the beautiful Lake Michigan beaches! Call TODAY!

Last Agent to Sell the Property

Helen Stapleton

Coldwell Banker Realty License #RB18002146 Listed on: 09/30/2023

Coldwell Banker Realty

Co-Listed By

Line Mullins

Coldwell Banker Realty License #RB15000113

Last Buyer's Agent

Helen Stapleton

Coldwell Banker Realty License #RB18002146 Listed on: 09/30/2023

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,617

Year Built

  • Built in 1910

Lot Details

  • 9,500

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Brick Foundation

Interior Spaces

  • 8,362 Sq Ft Home
  • 1-Story Property
  • Basement

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Listing and Financial Details

  • Total Actual Rent $52,200
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 460132279018000022

Community Details

Overview

  • 7 Units
  • Vails Adds Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $7,000
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,712
  • Net Operating Income $37,281

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,617

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Year Built: 1910
  • Reso Property Sub Type: Apartment
  • ResoLaundryFeatures: Common Area
  • Road Surface Type: Concrete
  • Co List Office Mls Id: NRA728
  • Co List Office Phone: (269) 469-3950
  • Co List Office Mls Id: NRA728
  • Subdivision Name: Vails Adds
  • Above Grade Finished Sq Ft: 5554
  • Garage Yn: Yes
  • New Construction: No
  • WaterExpense: 1800.00
  • SewerExpense: 0.00
  • NumberOfStores: 1
  • AuctionYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Elevator
  • Basement: Full, Partial
  • Flooring: Carpet, Tile, Linoleum
  • Basement YN: Yes
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.2181
  • Construction Type: Aluminum Siding, Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Off Street
  • Total Parking Spaces: 13

Utilities

  • Utilities: Cable Available, Sewer Available, Natural Gas Available, Electricity Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 95x100
  • Lot Size Sq Ft: 9500
  • Parcel #: 460132279018000022

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water
  • LeaseType: Net

Tax Info

  • Year: 2023
  • New Taxes Expense: 3712
  • Tax Annual Amount: 3617

Multi Family

  • Number Of Units Total: 7
  • Insurance Expense: 7000
  • Total Actual Rent: 52200

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $625,000 -10.7% $75 / Sq Ft
09/30/2023 09/30/23 For Sale $699,999 -- $84 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Helen Stapleton

    Seller's Agent in 2024

    Helen Stapleton

    Coldwell Banker Realty

    (312) 520-3552

    37 Total Sales

    Helen Stapleton
    Section Image
  • Line Mullins

    Seller Co-Listing Agent in 2024

    Line Mullins

    Coldwell Banker Realty

    (708) 790-3676

    152 Total Sales

    Line Mullins
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 539568

Northwest Indiana Association of REALTORS®
Indiana La Porte County Michigan City 46360

228 W Barker Ave, Michigan City, IN

This home is located at 228 W Barker Ave, Michigan City, IN 46360 since 30 September 2023. This property was built in 1910. 228 W Barker Ave 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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