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Two-Unit Duplex with Full Basement
For Sale
$149,999
Pending

115 Greenwood Avenue, Michigan City, IN 46360

Residential Income, Michigan City, IN

Property Size2,184 SF
Lot Size0.13 Acres
Days on Market101

Property Features for 115 Greenwood Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2
Parking 4
Parking features Alley
Window features Wood Frames
Patio and Porch features Porch
Pets allowed Dogs OK, Cats OK
Interior features Laminate Counters
Exterior features Private Yard
Basement Full, Unfinished, Storage Space
Appliances Dryer, Washer, Refrigerator, Gas Range
Subdivision Sanborns 4th
Lot features Corner Lot, Private
Directions N on Franklin to Greenwood, E or right to property
Standard status Pending
APN 460133301005000022
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 42-01-33-301-005 SANBORNS 4TH LT 3 BLK 31
Tax Annual Amount 1169
Legal Description 42-01-33-301-005 SANBORNS 4TH LT 3 BLK 31

Utilities

Sewer type Public Sewer
Heating system Central
Water source Public

Building Details

Year built 1917
Floors in Building 2
Listing Agency: McColly Real Estate
Listed By: C. Allen Watkins
Added: May 20 Changed: Aug 19 Last Checked: Aug 28 at 7:06AM
MLS# 839237

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This two-unit duplex offers a full basement and a functional layout across two levels. The home includes four bedrooms and three bathrooms, with laminate counters noted as an interior feature. Appliances listed include a refrigerator, gas range, washer, and dryer. The property also provides central heating and central air, and has a porch and a private yard.

The first-floor unit is described as rented without a lease, while the second floor is owner occupied. The basement and alley access support day-to-day usability. Public water and public sewer are available. Parking is described as alley access, and the property is built for its era with a year built of 1917.

Key building systems and exterior updates include roof architectural shingles installed about 5 years ago, two energy-efficiency furnaces installed about 5 years ago, and two central air units. Electrical is noted as two 100 amp circuit breaker boxes. The property needs some updates and cosmetics.

Key Highlights

  • Two‑unit duplex with full basement and private yard
  • Four bedrooms and three bathrooms across the two levels
  • First‑floor unit rented without a lease; second floor owner occupied

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.

Lease Details

100%
Occupancy

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 duplex with full basement, central heating and cooling, and public utilities, plus private yard and porch.
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‑unit duplex with full basement and private yard; Four bedrooms and three bathrooms across the two levels; First‑floor unit rented without a lease; second floor owner occupied
More about this property
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