424 E 10th St Michigan City, IN 46360
Estimated payment $1,394/month
Highlights
- Corner Lot
- Forced Air Heating System
- Vinyl Flooring
- Front Porch
About This Home
Rewarding investment property to fit in your portfolio! This 2-unit beauty is in the coveted Elston Grove neighborhood. Enjoy the convenience of a short walk to downtown Michigan City, where you'll find a variety of restaurants, the new South Shore train station, and Lake Michigan public beach. This classic charmer is move-in ready, offering a pro forma potential of 27,900. Plus, the roof and roof decking were newly installed in October 2022! Separate electric and gas meters with the opportunity to inherit the property manager already in place. Opportunities like this are rare--lock it up today!
Listing Agent
@properties/Christie's Intl RE License #RB18001251 Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,728
Year Built
- Built in 1890
Lot Details
- 5,565 Sq Ft Lot
- Corner Lot
Interior Spaces
- 2,209 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
- Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Parking
- 3 Parking Spaces
- Off-Street Parking
Outdoor Features
- Front Porch
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for exterior maintenance, water, trash collection, taxes, snow removal, sewer, repairs, management, insurance
- Assessor Parcel Number 460128309007000022
Community Details
Overview
- 2 Units
- Orr & Cobbs Add Subdivision
Pet Policy
- Pets Allowed
Building Details
- Insurance Expense $1,269
- Maintenance Expense $420
- Water Sewer Expense $750
- Gross Income $24,900
- Net Operating Income $19,744
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 | $2,728 | $141,400 | $10,900 | $130,500 |
| 2023 | $2,656 | $132,800 | $10,900 | $121,900 |
| 2022 | $2,562 | $128,100 | $10,900 | $117,200 |
| 2021 | $2,370 | $118,500 | $10,900 | $107,600 |
| 2020 | $1,740 | $118,500 | $10,900 | $107,600 |
| 2019 | $1,570 | $76,100 | $10,900 | $65,200 |
| 2018 | $1,046 | $49,900 | $7,500 | $42,400 |
| 2017 | $1,078 | $51,500 | $5,800 | $45,700 |
| 2016 | $1,078 | $51,500 | $5,800 | $45,700 |
| 2014 | $1,030 | $51,500 | $5,800 | $45,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $219,000 | -4.4% | $99 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $229,000 | -2.6% | $104 / Sq Ft |
| 04/29/2025 04/29/25 | Price Changed | $235,000 | -4.1% | $106 / Sq Ft |
| 03/13/2025 03/13/25 | For Sale | $245,000 | +53.1% | $111 / Sq Ft |
| 11/30/2022 11/30/22 | Sold | $160,000 | 0.0% | $72 / Sq Ft |
| 10/31/2022 10/31/22 | Pending | -- | -- | -- |
| 08/26/2022 08/26/22 | For Sale | $160,000 | +49.5% | $72 / Sq Ft |
| 04/26/2021 04/26/21 | Sold | $107,000 | 0.0% | $48 / Sq Ft |
| 04/26/2021 04/26/21 | For Sale | $107,000 | -- | $48 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Fidelity National Title | |
| Warranty Deed | -- | Ticor Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | New Conventional | |
| Previous Owner | $35,000 | Credit Line Revolving | |
| Previous Owner | $73,000 | Unknown |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 817362
APN: 46-01-28-309-007.000-022
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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