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Two-Unit Residential Income Property
For Sale
Contact for pricing
Pending

207 Chicago Street, Michigan City, IN 46360

Two gutted homes with new vinyl siding and one-year-old roofs on a corner lot near downtown.

Property SizeContact for details
Days on Market111

Property Features for 207 Chicago Street

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Year Built 1870
Listing Agency: @properties/Christie's International Real Estate
Listed By: Michael M Conner · License #IN
Source: Crexi
Added: Jun 1 Changed: Sep 13 Last Checked: Sep 19 at 9:12AM

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.

This two-unit residential income property includes a larger two-story home and a smaller cottage, each currently gutted inside and ready for redevelopment. Both properties have had new vinyl siding installed and one-year-old roofs put in place. Foundation work has also been completed within the last year for both structures, giving the next owner a clean start for interior buildout.

The property sits on a unique corner lot in a quiet neighborhood and is positioned close to downtown. It is across the street from Lighthouse Mall and located across from a church, with a daycare next door. The surrounding area is described as changing, including some short-term vacation rentals.

For more information or to schedule a showing, please contact Eric Torness.

Key Highlights

  • Two homes on one corner lot: larger two‑story on Chicago St. and smaller cottage on Elston St.
  • Both properties are gutted inside with new vinyl siding and one‑year‑old roofs.
  • Foundation work completed within the last year for both the two‑story home and the cottage.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store HVAC Service Dental Office Garden Center Electrical Service

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

1,076
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 gutted homes with new vinyl siding and one-year-old roofs on a corner lot near downtown.
Where is this duplex located?
The property is located at 207 Chicago Street Michigan City, IN.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two homes on one corner lot: larger two‑story on Chicago St. and smaller cottage on Elston St.; Both properties are gutted inside with new vinyl siding and one‑year‑old roofs.; Foundation work completed within the last year for both the two‑story home and the cottage.
(312) 735-2912 Call to check price and availability
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