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Five-Unit Apartment Building
For Sale
$450,000

320 E 8th, Michigan City, IN 46360

Residential Income, Michigan City, IN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market92

Property Features for 320 E 8th

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 4
Bathrooms 5
Full bathrooms 2
Rooms Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Appliances Refrigerator
Subdivision Elston Grove Area
Lot features Back Yard, Front Yard
Directions Franklin Street to 8th Street
Standard status Active
APN 460129431016000022
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description 42-01-29-431-016 EOS 125 FT S END EX 6 IN E SD N 14 FT LT 11 BLK 46 TIF ASSMT #51
Tax Annual Amount 3100
Legal Description 42-01-29-431-016 EOS 125 FT S END EX 6 IN E SD N 14 FT LT 11 BLK 46 TIF ASSMT #51

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1875
Floors in Building 2
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Chad Gradowski · License #MI 6506040711
Added: Jun 6 Changed: Sep 5 Last Checked: Sep 5 at 11:06PM
MLS# 840278

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.

Built in 1875, this apartment property contains five residential units arranged as one efficiency, three one-bedroom units, and one two-bedroom unit. Interior character includes a foyer with an original staircase and tall ceiling, while large windows provide natural light throughout the units. Heating is supplied by forced-air natural gas, and a refrigerator is included. The property occupies 0.1578 acres and is connected to public water and public sewer.

The building is in Michigan City, Indiana, near the South Shore station, Washington Park, and the beach. Its combination of historic details and varied unit sizes provides a clearly defined multifamily configuration within an established city setting.

Key Highlights

  • Five‑unit configuration with one efficiency, three one‑bedroom, and one two‑bedroom units
  • Built in 1875 with original foyer staircase and tall ceiling
  • Large windows provide natural light throughout the units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Locksmith Auto Parts Store HVAC Service Catering 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.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,036
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?
Apartment building - Historic multifamily property with varied unit layouts, abundant windows, and public water and sewer service.
Where is this apartment building located?
The property is located at 320 E 8th Michigan City, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five‑unit configuration with one efficiency, three one‑bedroom, and one two‑bedroom units; Built in 1875 with original foyer staircase and tall ceiling; Large windows provide natural light throughout the units
More about this property
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