1213 Franklin St Michigan City, IN 46360
Estimated payment $1,842/month
Total Views
24,136
4
Beds
3
Baths
1,800
Sq Ft
$164
Price per Sq Ft
About This Home
Amazing opportunity to own a mixed-use building. This is a two unit- residential apartment building with a storefront Total 3 units. This building has so much potential! Open up a business and owner occupy one of the apartments or for cashflow and investment! The units have been updated and feature newer bathrooms, new appliances and in-unit washer /dryer for apartments. . Newly installed furnaces and central ac for all 3 units. The first floor - 2 bedrms 1 bthrm . 2nd flr -2 bedrm 2 bthrms . attached store facing Franklin. Well kept and ready for new tenants. Walking distance to the 80 million 12 story mixed use development that includes the new South Shore Train Station, approximately 200 luxury apartments, roof top garden, retail and restaurant space, and multiple parking structures. New double track train line gets you to Chicago in 60 minutes. This is a great (growing) location!! Minutes from the lake front, light house outlet malls and the uptown arts district. A Must See!!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,551
Year Built
- Built in 1880
Interior Spaces
- 1,800 Sq Ft Home
- 1-Story Property
- Wood Flooring
- Washer
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Parking Spaces
- 2 Carport Spaces
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- The owner pays for common area maintenance, water, taxes
- Rent includes water
- Assessor Parcel Number 420129485014000022
Community Details
Overview
- 2 Units
- Michigan City Subdivision
Pet Policy
- Pets Allowed
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 | $2,623 | $157,000 | $9,600 | $147,400 |
| 2023 | $2,551 | $120,600 | $9,600 | $111,000 |
| 2022 | $1,690 | $79,100 | $4,400 | $74,700 |
| 2021 | $1,836 | $85,400 | $4,400 | $81,000 |
| 2020 | $1,723 | $85,400 | $4,400 | $81,000 |
| 2019 | $673 | $72,800 | $4,400 | $68,400 |
| 2018 | $545 | $69,800 | $4,400 | $65,400 |
| 2017 | $447 | $55,100 | $4,400 | $50,700 |
| 2016 | $472 | $51,400 | $4,400 | $47,000 |
| 2014 | $476 | $71,200 | $4,400 | $66,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Price Changed | $295,000 | -4.8% | $164 / Sq Ft |
| 02/21/2025 02/21/25 | For Sale | $310,000 | +8.8% | $172 / Sq Ft |
| 11/01/2023 11/01/23 | Sold | $285,000 | -3.4% | $117 / Sq Ft |
| 04/27/2023 04/27/23 | For Sale | $295,000 | -- | $121 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | None Listed On Document | |
| Personal Reps Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $213,000 | New Conventional |
Source: Public Records
Similar Home in Michigan City, IN
Source: Northwest Indiana Association of REALTORS®
MLS Number: 816405
APN: 46-01-29-485-014.000-022
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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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