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Five-Unit Multifamily Building
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320 E 8th, Michigan City, IN 46360

Five well-defined apartment units, including one efficiency, three 1-bedrooms, and one 2-bedroom, with period interior details.

Property SizeContact for details
Days on Market59

Property Features for 320 E 8th

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 5

Building Details

Year Built 1875
Listing Agency: ChooseChad Team, Coldwell Banker Realty New Buffalo
Listed By: Chad Gradowski · License #MI 6506040711
Source: Crexi
Added: Jun 8 Changed: Jul 10 Last Checked: Aug 4 at 1:17PM

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 ChooseChad Team, Coldwell Banker Realty New Buffalo

Investment Insights

Based on property information with market context.

This five-unit multifamily building offers a straightforward mix of apartment types: one efficiency unit, three 1-bedroom units, and one 2-bedroom unit. The interior includes a vintage foyer with an original staircase and tall ceilings, and large windows in each unit help bring in natural light. The building’s layout supports separate, tenant-ready living spaces across the unit mix.

Located in Michigan City, the property is described as being in the heart of the city, close to the new South Shore station. It is also positioned minutes from Washington Park and the beach, giving tenants and residents convenient access to local recreation and transportation.

For buyers seeking a small income property, the unit distribution provides flexibility for prospective tenant demand across studio through two-bedroom households. The period character in the common entry and the light-filled unit interiors are practical selling points for occupancies where in-unit comfort and everyday livability matter.

Key Highlights

  • 5‑unit apartment building built in 1875
  • Unit mix includes 1 efficiency unit, 3 one‑bedroom units, and 1 two‑bedroom unit
  • Vintage foyer features an original staircase

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 - Five well-defined apartment units, including one efficiency, three 1-bedrooms, and one 2-bedroom, with period interior details.
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 $495,000.
What are key features of this property?
This property features: 5‑unit apartment building built in 1875; Unit mix includes 1 efficiency unit, 3 one‑bedroom units, and 1 two‑bedroom unit; Vintage foyer features an original staircase
More about this property
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