20
See all 20 photos
$149,000
Est. payment /mo
5 Beds
1 Bath
1,727 SqFt
Active
105 Hancock AVE Michigan City, IN 46360
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,727 sqft
Price per Sqft $86
MLS Listing ID 817470
Bedrooms 5
Full Baths 1
Year Built 1889
Annual Tax Amount $1,332
Tax Year 2024
Lot Size 6,250 Sqft
Acres 0.1435
Property Sub-Type Single Family Residence
Property Description
Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Tuesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.
Location
State IN
County La Porte
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen
Heating Forced Air, Natural Gas
Fireplace N
Appliance Range, Range Hood
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Back Yard
Story One and One Half
Schools
School District Michigan City
Others
Tax ID 460131230011000022
SqFt Source Assessor
Acceptable Financing NRA20250314142244170249000000
Listing Terms NRA20250314142244170249000000
Listed by RE/MAX Lifestyles • Matt Evans
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Follow Us
Quick Search