$299,000
PENDING $31K PRICE DROP

1316 Franklin St Michigan City, IN 46360

Estimated payment $1,961/month

Total Views 19,534
6 Beds
4 Baths
2,454 Sq Ft
$122 Price per Sq Ft

Highlights

  • Central Heating
  • Carpet
  • 4-minute walk to Creek Ridge County Park

About This Home

This well maintained 2-story, 4-unit investment property on Franklin Street is currently Fully occupied with the average tenant length of 4+ years. Situated on a corner lot, the building offers individual entrances for each tenant and ample street parking. The upper units feature private patios, while the lower rear unit boasts an enclosed porch. With new construction just one block away, this well-located property has significant income potential. Don't miss out on this property. Sold AS IS.

Listing Agent

Kiyah Marshall

Property Boss License #RB22000382 Listed on: 02/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,708

Year Built

  • Built in 1873

Lot Details

  • 4,655 Sq Ft Lot
  • Lot Dimensions are 49x95

Home Design

  • 2,454 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Central Heating

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, water, trash collection
  • Assessor Parcel Number 460132227002000022

Community Details

Overview

  • 4 Units
  • Land Companys Add Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,708

Year Built

Built in 1873

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1873
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Corner Lot
  • Reso View: Neighborhood
  • Co List Office Mls Id: NRA2099
  • Subdivision Name: Land Companys Add
  • Above Grade Finished Sq Ft: 2454
  • Garage Yn: No
  • Unit Levels: Bi-Level
  • New Construction: No
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Interior Amenities: Other
  • Basement: Unfinished
  • Flooring: Carpet, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Acres: 0.1069
  • Waterfront: No

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other

Lot Info

  • Lot Dimensions: 49X95
  • Lot Size Sq Ft: 4655
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 460132227002000022

Rental Info

  • Pets Allowed: No
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Water, Trash Collection

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3708

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
06/20/2025 06/20/25 Pending -- -- --
04/03/2025 04/03/25 Price Changed $299,000 -5.1% $122 / Sq Ft
03/10/2025 03/10/25 Price Changed $315,000 -4.5% $128 / Sq Ft
02/02/2025 02/02/25 For Sale $330,000 -- $134 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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See All Homes in Michigan City

Source: Northwest Indiana Association of REALTORS®

MLS Number: 815628

Northwest Indiana Association of REALTORS®

APN: 42 01 32 227 002

Indiana La Porte County Michigan City 46360

1316 Franklin St, Michigan City, IN

This home is located at 1316 Franklin St, Michigan City, IN 46360 and is currently priced at $299,000, approximately $121 per square foot. This property was built in 1873. 1316 Franklin St is a home located in LaPorte County with nearby schools including Marsh Elementary School, Martin T. Krueger Middle School, and Michigan City High School.

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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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Listing Agent
Kiyah Marshall
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Property Boss
(219) 336-8289