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Two-Unit Duplex with 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 Market110

Property Features for 115 Greenwood Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2
Parking 4
Parking features Alley
Window features Wood Frames
Patio and Porch features Porch
Pets allowed Cats OK, Dogs OK
Interior features Laminate Counters
Exterior features Private Yard
Basement Full, Storage Space, Unfinished
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: Sep 2 Last Checked: Sep 6 at 12:06AM
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 at 115 Greenwood Avenue offers four bedrooms, three bathrooms, and 2,184 square feet of living area. A full basement provides additional storage or utility space. The property includes two 100-amp circuit breaker boxes, two energy-efficient furnaces, and two central air-conditioning units, with the furnaces and roof installed approximately five years ago. Some updating and cosmetic work remain.

The residence sits on a 0.1277-acre lot in Michigan City and includes a white vinyl privacy fence, private yard, porch, and alley parking access. Public water and public sewer serve the property. Interior and appliance features include laminate counters, a gas range, refrigerator, washer, and dryer. The first-floor unit is leased without a written lease, while the second floor is owner occupied.

Key Highlights

  • Two‑unit duplex with 4 bedrooms and 3 bathrooms
  • 2,184 sq of living area on a 0.1277‑acre lot
  • Full basement, porch, private yard, and white vinyl privacy fence

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

2
Residential units

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 - Income property with separate living spaces, updated major systems, and alley access in Michigan City.
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 4 bedrooms and 3 bathrooms; 2,184 sq of living area on a 0.1277‑acre lot; Full basement, porch, private yard, and white vinyl privacy fence
More about this property
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