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    1213 Franklin St Michigan City, IN 46360

    For Sale
    $295,000

    Apartment - Michigan City, IN

    Type:Apartment
    Lot size:
    0.11 Acres
    Days on Market:
    110
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1213 Franklin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    2
    APN
    460129485014000022
    Pets allowed
    Call
    Exterior features
    Corner Lot, Private Yard, Storage
    Appliances
    Dryer
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Central, Forced Air

    Building Details

    Year built
    1880
    Floors in Building
    2
    Architectural style
    Other
    Additional Structures
    Storage

    d'aprile properties llc (219) 877-4014 [email protected]

    Listing agent Jina Ko (219) 221-4047 License #RB19000450

    Listing date Aug 18, 2025

    MLS# 826252 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Storefront

    This mixed-use building features two residential apartments and a storefront, offering significant potential for owner-occupancy or investment. The updated units include newer bathrooms, new appliances, and in-unit washer/dryers. Newly installed furnaces and central AC serve all three units. The first floor apartment has 2 bedrooms and 1 bathroom, while the second floor apartment features 2 bedrooms and 2 bathrooms. The well-maintained building is ready for new tenants. Its location is within walking distance of a multi-million dollar, 12-story mixed-use development that will include the new South Shore Train Station, approximately 200 luxury apartments, a rooftop garden, retail and restaurant space, and multiple parking structures. The new double-track train line will provide a 60-minute commute to Chicago. The property is also located minutes from the lakefront, Lighthouse Outlet Malls, and the Uptown Arts District. The lot size is 0.1069 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.898624
    Latitude
    41.710178

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    FAQs

    What type of property is this?
    Mixed-use property - Two-unit residential apartment building with storefront in Michigan City.
    Where is this mixed-use property located?
    The property is located at 1213 Franklin St Michigan City, IN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Mixed-use building with storefront and two updated residential units.; - Prime location within walking distance of a multi-million dollar mixed-use development including the new South Shore Train Station.; - Newly installed furnaces and central AC for all 3 units.
    (219) 221-4047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1213 Franklin St Michigan City, IN 46360
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