$305,000
PENDING

217 Charles St Michigan City, IN 46360

Estimated payment $2,005/month

Total Views 557
4 Beds
4 Baths
2,528 Sq Ft
$121 Price per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 4-minute walk to Creek Ridge County Park
  • No HOA

About This Home

This four-unit investment property underwent a comprehensive renovation in 2017. Notable updates include new furnaces (five), air conditioning units (four), hot water heaters, plumbing, siding, windows, kitchen renovations, bathroom remodels, and paint. Two lower units are currently occupied by tenants, while the two upper units are fully furnished and turn-key, serving as Airbnb units.If you are considering purchasing a home for personal use and seeking to have your mortgage paid for, you can occupy one unit and rent the remaining three units as income-generating properties. The property is conveniently located near the arts district, Washington Park Beach is just over a mile away, outlet shopping is less than a mile away, and the new double rail train station is also less than a mile from the property. Additionally, there are four off-street parking spaces and on-street parking available.

Listing Agent

Ronda Van Voorhis

Blackrock Real Estate Services License #RB14028953 Listed on: 06/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,844

Year Built

  • Built in 1870

Lot Details

  • 4,950 Sq Ft Lot

Interior Spaces

  • 2,528 Sq Ft Home
  • 2-Story Property
  • Basement

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for common area maintenance, water, trash collection, taxes, sewer, roof maintenance, repairs, janitorial service, insurance, HVAC maintenance, hot water, grounds care, gas, exterior maintenance, electricity
  • Rent includes sewer, water, trash collection
  • Assessor Parcel Number 460132235008000022

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Land Companys Add Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Cable TV Expense $75
  • Electric Expense $250
  • Gardener Expense $160
  • Insurance Expense $760
  • Water Sewer Expense $60
  • New Taxes Expense $3,608
  • Gross Income $1,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,844

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1870
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Front Yard, Rectangular Lot, Near Public Transit
  • ResoPoolFeatures: None
  • Reso View: Neighborhood
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: NRA1876
  • Subdivision Name: Land Companys Add
  • Above Grade Finished Sq Ft: 2528
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • WaterExpense: 60.00
  • NumberOfStores: 0
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Eat-in Kitchen
  • Basement: Full, Unfinished
  • Flooring: Hardwood, Vinyl
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 0.1136
  • Waterfront: No
  • Reso Roof: Shingle

Garage/Parking

  • Parking Features: Additional Parking, Paved, Off Street, Alley Access
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected, Natural Gas Connected
  • Cooling: Central Air, Unit Control
  • Heating: Forced Air, Unit Control, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Water, Trash Collection
  • Association: No

Schools

  • Junior High Dist: Michigan City

Lot Info

  • Lot Size Sq Ft: 4950
  • Parcel #: 460132235008000022

Rental Info

  • Pets Allowed: No
  • Tenant Pays: Electricity, Gas
  • Owner Pays: Common Area Maintenance, Water, Trash Collection, Taxes, Sewer, See Remarks, Roof Maintenance, Repairs, Janitorial Service, Insurance, HVAC Maintenance, Hot Water, Grounds Care, Gas, Exterior Maintenance, Electricity

Tax Info

  • Year: 2024
  • New Taxes Expense: 3608
  • Tax Annual Amount: 3844

Multi Family

  • Number Of Units Total: 4
  • Cable TV Expense: 75
  • Electric Expense: 250
  • Annual Gross Income: 1280
  • Insurance Expense: 760

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
06/17/2025 06/17/25 Pending -- -- --
06/16/2025 06/16/25 For Sale $305,000 +510.0% $121 / Sq Ft
09/15/2018 09/15/18 Sold $50,000 0.0% $20 / Sq Ft
08/16/2018 08/16/18 Pending -- -- --
11/14/2017 11/14/17 For Sale $50,000 -- $20 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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Source: Northwest Indiana Association of REALTORS®

MLS Number: 822588

Northwest Indiana Association of REALTORS®

APN: 42 01 32 235 008

Indiana La Porte County Michigan City 46360

217 Charles St, Michigan City, IN

This home is located at 217 Charles St, Michigan City, IN 46360 and is currently priced at $305,000, approximately $120 per square foot. This property was built in 1870. 217 Charles St 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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Ronda Van Voorhis
Listing Agent
Ronda Van Voorhis
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Blackrock Real Estate Services
(219) 348-8786