NOT LISTED FOR SALE

7323 W Us Highway 20 Michigan City, IN 46360

Estimated Value: $59,000 - $145,000

3 Beds
2 Baths
1,374 Sq Ft
$72/Sq Ft Est. Value

Last Sold November 16, 2023

Last sale price $50,000 $36 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $593/month

15 Days on Market

About This Home

As of November 2023

CASH ONLY. Welcome to your one-of-a-kind opportunity! This beautiful two unit is the perfect investment for any savvy real estate investor. The main residence boasts a spacious 2 bedroom, 1 bathroom layout with an updated kitchen and bathroom. You'll love the many updated features throughout this stunning property. Plus, the second unit offers a cozy 1 bedroom, 1 bathroom setup - another great way to generate passive income! Don't wait on this incredible opportunity; it won't last long! With a motivated seller and AS IS condition.

Last Agent to Sell the Property

Elizabeth Lukac

REMAX County Wide 1st License #RB19000392 Listed on: 10/02/2023

REMAX County Wide 1st

Last Buyer's Agent

Elizabeth Lukac

REMAX County Wide 1st License #RB19000392 Listed on: 10/02/2023

REMAX County Wide 1st

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $846

Year Built

  • Built in 1900

Lot Details

  • 0.71 Acre Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Steel Siding

Interior Spaces

  • 1,374 Sq Ft Home
  • Elevator

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Total Actual Rent $19,800
  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 460502277002000046

Community Details

Overview

  • 2 Units
  • Menke Sd Subdivision

Building Details

  • Insurance Expense $2,820
  • New Taxes Expense $1,573
  • Net Operating Income $12,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$846

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1900
  • Reso Property Sub Type: Duplex
  • Road Surface Type: Gravel
  • ResoOtherEquipment: None
  • Co List Office Mls Id: NRA615
  • Subdivision Name: Menke SD
  • Garage Yn: Yes
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Elevator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.71
  • Construction Type: Steel Siding, Wood Siding

Garage/Parking

  • Parking Features: Detached
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank

Lot Info

  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 30928
  • ResoLotSizeUnits: Acres
  • Parcel #: 460502277002000046
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Month To Month
  • Owner Pays: Electricity, Gas, Water
  • LeaseType: Net

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 2820
  • Total Actual Rent: 19800

Tax Info

  • New Taxes Expense: 1573

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 15, 2023
Sold by
Pk Construction And Development Llc
Bought by
Glb Llc
Seller's Agent
Elizabeth Lukac
REMAX County Wide 1st
Buyer's Agent
Elizabeth Lukac
REMAX County Wide 1st
List Price
$120,000
Sold Price
$50,000
Premium/Discount to List
-$70,000
-58.33%
Views
19
Current Estimated Value
$99,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,444
Avg. Annual Appreciation
42.28%

Purchase Details

Closed on
Jan 4, 2016
Sold by
Decaro Lisa M
Bought by
Room Restorations Llc

Purchase Details

Closed on
Jul 27, 2011
Sold by
Barth Tamara A and Miller Daniel D
Bought by
Decaro Lisa M
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
Glb Llc -- Fidelity National Title
Glb Llc -- None Listed On Document
Room Restorations Llc -- None Available
Decaro Lisa M -- Meridian Title Corp
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2023 11/16/23 Sold $50,000 -58.3% $36 / Sq Ft
10/02/2023 10/02/23 For Sale $120,000 -- $87 / 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 $846 $39,800 $18,200 $21,600
2022 $717 $41,300 $18,200 $23,100
2021 $693 $39,300 $18,200 $21,100
2020 $700 $39,300 $18,200 $21,100
2019 $848 $43,200 $21,800 $21,400
2018 $763 $37,900 $18,200 $19,700
2017 $744 $42,900 $18,200 $24,700
2016 $811 $43,800 $18,200 $25,600
2014 $811 $43,500 $18,200 $25,300
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Lukac

    Seller's Agent in 2023

    Elizabeth Lukac

    RE/MAX

    (219) 851-4911

    112 Total Sales

    Elizabeth Lukac
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 539493

Northwest Indiana Association of REALTORS®

APN: 46-05-02-277-002.000-046

Indiana La Porte County Michigan City 46360

7323 W Us Highway 20, Michigan City, IN

This home is located at 7323 W Us Highway 20, Michigan City, IN 46360 since 02 October 2023 and is currently estimated at $99,444, approximately $72 per square foot. This property was built in 1900. 7323 W Us Highway 20 is a home located in LaPorte County with nearby schools including Joy Elementary School, Martin T. Krueger 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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