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Renovated Four-Unit Quadplex
For Sale
Contact for pricing
Pending

118 N Lake Avenue, Michigan City, IN 46360

Four residential units offer varied layouts, private outdoor areas, and immediate proximity to Lake Michigan beach access.

Property SizeContact for details
Days on Market389

Property Features for 118 N Lake Avenue

General Information

Standard status Pending
Total Parking Spaces 67
Property subtype Multifamily

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4

Amenities

stainless steel appliances
private decks
private patios

Building Details

Year Built 1960
Buildings 1
Listing Agency: @properties/Christie's International Real Estate
Listed By: Jordan Gallas · License #IN
Source: Crexi
Added: Aug 9, 2025 Changed: Aug 30 Last Checked: Aug 31 at 9:10PM

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 @properties/Christie's International Real Estate

Investment Insights

Based on property information with market context.

Built in 1960 and completely renovated, this Michigan City quadplex contains four residential units with a mix of two 2-bedroom, 1-bath residences and two 1-bedroom, 1-bath residences. Each unit includes a floor plan, stainless steel appliances, and private deck or patio space. The property can accommodate up to 14 occupants and is being offered with the furnishings, fixtures, and other visible contents remaining.

Located at 118 N Lake Avenue in the Sheridan Beach neighborhood, the building sits 20 feet from the Stop 2 Beach Access point. The beach, marina, and Washington Park Zoo are nearby, and the property includes plenty of parking. Its four-unit configuration supports separate unit rentals or use of the building by larger groups, as described in the property information.

Key Highlights

  • Completely renovated four‑unit quadplex built in 1960
  • Unit mix includes two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
  • 20 feet from the Stop 2 Beach Access point

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Hair Salon Auto Repair Shop Spa & Massage Center Nail Salon Plumbing Service Garden Center

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

228
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?
Quadplex - Four residential units offer varied layouts, private outdoor areas, and immediate proximity to Lake Michigan beach access.
Where is this quadplex located?
The property is located at 118 N Lake Avenue Michigan City, IN.
What are key features of this property?
This property features: Completely renovated four‑unit quadplex built in 1960; Unit mix includes two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 20 feet from the Stop 2 Beach Access point
More about this property
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