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Michigan City Duplex with Updates
For Sale
$149,999
Pending

115 Greenwood Avenue, Michigan City, IN 46360

Two-unit property featuring recent updates and a full basement.

Property Size5,562 SF
Days on Market104

Property Features for 115 Greenwood Avenue

General Information

Standard status Pending
Size 5,562 SF
Total Parking Spaces 4
Property subtype Residential Income / Duplex

Taxes and HOA fees

Annual Taxes $1,169

Amenities

Shingle
Central Air
4
Carpet, Linoleum
Central
Dryer, Washer, Refrigerator, Gas Range
No
3
Full, Unfinished, Storage Space
Gas Dryer Hookup, Washer Hookup, Sink
1
Carbon Monoxide Detector(s), Smoke Detector(s)
10
2
Laminate Counters
Two
Shed(s)
Wood Frames
Private Yard
Fixer
Covered, Front Porch

Building Details

Year Built 1917
Listing Agency: McColly Real Estate
Listed By: C. Allen Watkins · License #RB18000552
Source: Compass
Added: May 20 Changed: Aug 25 Last Checked: Aug 30 at 11:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Real Estate

Investment Insights

Based on property information with market context.

This two-unit property is located in the heart of Michigan City. The building encompasses 2184 square feet and includes a full basement. The property features four bedrooms and three baths in total. Electrical service is provided by two 100 amp circuit breaker boxes. The roof is composed of architectural shingles and is approximately 5 years old. The property also includes two energy-efficient furnaces and two central air units, all approximately 5 years old. A white vinyl privacy fence surrounds the property. The first-floor unit is currently rented below market value at $500 with no lease in place. The second floor is owner-occupied. The property needs some updates and cosmetic improvements.

Key Highlights

  • Two separate units offer income potential or multi‑generational living.
  • Four bedrooms and three bathrooms provide ample living space.
  • Newer roof (5 years old) with architectural shingles.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Accounting Firm Computer & Electronic Repair Garden Center HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 46360, IN

44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property featuring recent updates and a full basement.
Where is this duplex located?
The property is located at 115 Greenwood Avenue Michigan City, IN.
What is the asking price?
The asking price for this property is $149,999.
What are key features of this property?
This property features: Two separate units offer income potential or multi‑generational living.; Four bedrooms and three bathrooms provide ample living space.; Newer roof (5 years old) with architectural shingles.
More about this property
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