Michigan City, IN Multifamily Properties for Sale

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27 properties

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Updated: Apr 10

Duplex Property with Private Patio

116 Fogarty Street, Michigan City, IN 46360

$550,000

0.07 AC lot

Established Airbnb duplex property offered as a turnkey sale for a qualified buyer
Rebuilt after being purchased as a shell in 2020; built in 1909
0.0689‑acre lot with public water and public sewer
3‑block walk to Lake Michigan beach
Chef’s kitchen with quartz counters, breakfast bar, wine fridge, and side‑by‑side refrigerator with ice/water

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Updated: Jul 30

Historic Duplex with Private Yard

1924 Manhattan Street, Michigan City, IN 46360

$249,900

0.13 AC lot

Two‑unit duplex configuration with separate utilities
Built in 1913 with original woodwork and hardwood floors
Large basement for laundry and additional storage
Private fenced backyard plus front porch
0.1302‑acre lot with off‑street parking

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Mixed-Use Property with Retail Space

1115 Franklin Street, Michigan City, IN 46360

$510,000

0.06 AC lot

Fully leased property combines street-level retail with two apartments and a separate carriage house.

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See what stands out in LaPorte County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Local Demand available after sign in

Short-Term Rental Near Lake Michigan

116 Fogarty Street, Michigan City, IN 46360

$550,000

2,244 sqft

Rebuilt residential property with dedicated work areas, a chef’s kitchen, and furnished living spaces suited to flexible use.

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Five-Unit Apartment Building

320 E 8th, Michigan City, IN 46360

$450,000

0.16 AC lot

Five-unit multifamily building with one efficiency, three 1-bedroom units, and one 2-bedroom unit.

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Brick Duplex with Outdoor Space

215 Cleveland Avenue, Michigan City, IN 46360

$220,000

0.13 AC lot

Two-unit residential property with separate entrances, flexible room layouts, and a fenced backyard with deck.

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Two-Unit Duplex with Basement

115 Greenwood Avenue, Michigan City, IN 46360

$149,999

0.13 AC lot

Income property with separate living spaces, updated major systems, and alley access in Michigan City.

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Historic Two-Unit Duplex

1924 Manhattan St, Michigan City, IN 46360

$249,900

2,996 sqft

Separate utilities support flexible occupancy, with a front porch, fenced yard, and basement storage.

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Five-Unit Multifamily Building

320 E 8th St, Michigan City, IN 46360

$450,000

2,945 sqft

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

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All-Brick Duplex with Fenced Yard

215 Cleveland Ave, Michigan City, IN 46360

$220,000

2,708 sqft

Two separate residences offer foyers, kitchens, bedrooms, laundry access, and outdoor space.

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Michigan City Duplex with Updates

115 Greenwood Avenue, Michigan City, IN 46360

$149,999

5,562 sqft

Two-unit property featuring recent updates and a full basement.

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Remodeled Two-Unit Duplex

424 E 10th St, Michigan City, IN 46360

$206,500

Separate gas and electric meters support independent utility billing for each residence.

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Two-Unit Duplex Near Transit

127 E William Street, Michigan City, IN 46360

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Two-level residential income property with consistent layouts and the option to restore a single-family configuration.

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Four-Unit One-Bedroom Income Property

401 E Garfield Street, Michigan City, IN 46360

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Four one-bedroom units with three currently occupied, plus recent HVAC and window replacements.

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Two-Unit Duplex with Updated Baths

315 Dupage Street, Michigan City, IN 46360

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Duplex with updated kitchens and baths, two furnaces, two water heaters, and a concrete front porch.

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Two-Unit Residential Income Property

207 Chicago Street, Michigan City, IN 46360

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

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Two-Unit Duplex with Basement

620 Willard Ave, Michigan City, IN 46360

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Vacant duplex with two separate living levels and shared laundry access in the basement.

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Three-Level Short-Term Rental Cottage

102 Cottage Camp, Michigan City, IN 46360

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Furnished vacation lodging near Lake Michigan with access to shared recreational amenities.

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Duplex with Backyard and Shed

2010 Elston St, Michigan City, IN 46360

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Separate gas and electric meters support distinct utility management for the two-unit property.

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5-Unit Brick Apartment Building

1001 E Michigan Blvd, Michigan City, IN 46360

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Two-story multifamily property with all residences currently leased on a prominent corner in Michigan City.

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Brick Duplex with Fenced Yard

215 Cleveland Avenue, Michigan City, IN 46360

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Two-unit brick property with separate entrances, outdoor space, and refreshed interior finishes.

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Occupied Triplex

919 E Michigan Blvd, Michigan City, IN 46360

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Three residential units are currently occupied.

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Four-Unit Residential Income Property

322 E 8th Street, Michigan City, IN 46360

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Four rental units offer a mix of efficiencies and bedrooms for an investor or owner-operator.

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Duplex with Original Detail

223 Holliday St, Michigan City, IN 46360

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Two-level layout offers shared laundry, split NIPSCO service, and flexible residential income potential.

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Michigan City, IN Multifamily Properties Market Trends and Statistics

Explore 53 multifamily properties for sale in Michigan City, IN, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 16,455 square feet of properties for sale, with an estimated market value of $3,956,298.

Sale prices for multifamily properties in Michigan City, IN start at $149,999, averaging $329,691, and reaching up to $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 44K

Population Growth (5Y) +0.7%

Median Household Income $59,641

College Educated 15.5%

High-Yield Neighborhoods for Investment

Identify Michigan City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46360	$326.4K

Taxes & Financing

Tax Rate (average for all types) 2.64%

Property Tax per SF $45.66 per SF

Tax Rate vs County Average 0.23 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in LaPorte County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Michigan City fall within the 10,000 to 25,000 square foot range.

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