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    Michigan City, IN
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    Michigan City, IN Multifamily Properties for Sale

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    11 properties
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    Mixed-Use Retail and Residential Building
    Updated: Mar 17
    Mixed-Use Retail and Residential Building

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    5,737 sqft 0.06 AC lot
    Fully leased mixed‑use building with street‑level retail plus two residential apartments above
    New roof installed in 2024; furnace and 200 amp service included
    One of the residential apartments has been completely renovated with modern finishes
    Separate carriage house adds extra income and versatility
    Conveniently located one block from the South Shore train station
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    This listing looks promising.

    Here's a quick look at some key insights for

    1115 Franklin Street, Michigan City, IN 46360

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $39K
      Annual

    • Price @ 7% Cap

      $555K
      Above asking

    • Property Type

      Single Family Residence
      Built 1900
    View Property Analytics
    Turn-Key Airbnb Duplex Property
    Updated: Apr 10
    Turn-Key Airbnb Duplex Property

    116 Fogarty Street, Michigan City, IN 46360

    $599,900
    0.07 AC lot
    Built in 1909 with multiple bedrooms and bathrooms plus a basement
    Chef’s kitchen with quartz counters, breakfast bar, pantry, kitchen island, and wine fridge
    Primary bath features a jacuzzi tub and separate shower
    Open floorplan with vaulted/high ceilings, recessed lighting, and ceiling fans
    Private outdoor space with balcony, porch/patio, storage, lighting, and fire pit
    View details
    Five-Unit Residential Income Building
    Five-Unit Residential Income Building

    320 E 8th, Michigan City, IN 46360

    $495,000
    0.16 AC lot

    Five-unit building with efficiency, one-, and two-bedroom units and original foyer features for rental-ready housing.

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    Downtown Mixed-Use Building with Retail
    Downtown Mixed-Use Building with Retail

    521 Franklin St, Michigan City, IN 46360

    $1,590,000
    21,057 sqft

    Ten-unit property combines street-level commercial space with apartments near arts district retail and dining.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    0.06 AC lot

    Fully leased mixed-use building with street-level retail, two apartments above, and a separate carriage house.

    View details
    Residential Income Quadplex
    Residential Income Quadplex

    322 E 8th Street, Michigan City, IN 46360

    $195,000
    0.08 AC lot

    Income-earning quadplex with an efficiency unit plus two 1-bedroom and one 2-bedroom apartments near downtown Michigan City.

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    Two-Unit Income Duplex
    Two-Unit Income Duplex

    1201 Wabash Street, Michigan City, IN 46360

    $174,900
    0.25 AC lot

    Two-unit duplex with separate entrances, off-street parking, a full basement, and a large backyard.

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    Michigan City Duplex with Updates
    Michigan City Duplex with Updates

    115 Greenwood Avenue, Michigan City, IN 46360

    $149,999
    2,184 sqft

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

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    Michigan City Multi-Family Property
    Michigan City Multi-Family Property

    115 Greenwood Avenue, Michigan City, IN 46360

    $149,999
    0.13 AC lot

    Two-unit property with four bedrooms and three baths.

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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    320 E 8th, Michigan City, IN 46360

    $495,000

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

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    322 E 8th Street, Michigan City, IN 46360

    $195,000

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

    View details
    Based on your search, we've compiled 45 Potential Opportunities for your consideration. Besides 11 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 26 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Buffalo Triplex Opportunity
    New Buffalo Triplex Opportunity

    121 E Michigan Street, New Buffalo, MI 49117

    $590,000
    0.14 AC lot

    Income-producing triplex in New Buffalo near downtown and beach.

    View details
    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    119 Broadway Avenue, Chesterton, IN 46304

    $775,000
    12,812 sqft 0.13 AC lot

    Downtown mixed-use building with retail, office, and residential tenants and street frontage on Broadway and 2nd Street.

    View details
    New Duplex Near Indiana Dunes
    New Duplex Near Indiana Dunes

    150-152 N 16th Street, Chesterton, IN 46304

    $499,900
    0.19 AC lot

    New construction duplex with immediate rental income near Indiana Dunes.

    View details
    New Buffalo Triplex Investment Opportunity
    New Buffalo Triplex Investment Opportunity

    121 E Michigan St, New Buffalo, MI 49117

    $590,000

    Income-producing triplex in New Buffalo near downtown and the beach.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

    View details
    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

    View details
    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

    View details
    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

    View details

    Off-Market Properties in Michigan City, IN

    Consider similar Off-Market properties in Michigan City, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1010 Cedar St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1010 Cedar St, Michigan City, IN 46360-3648

    Value Estimation by Request
    6,858 sqft 0.09 AC lot
    View details
    110 Cedargate Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    110 Cedargate Ct, Michigan City, IN 46360-5681

    $3,175,000
    Estimated value
    2,880 sqft 3.78 AC lot
    View details
    205 Garfield St
    APARTMENT HOUSE (UNDER 5 UNITS)

    205 Garfield St, Michigan City, IN 46360-5477

    Value Estimation by Request
    5,280 sqft 0.12 AC lot
    View details
    2206 Michigan Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    2206 Michigan Blvd, Michigan City, IN 46360-5375

    Value Estimation by Request
    5,220 sqft 0.15 AC lot
    View details
    913 Wabash St
    APARTMENT HOUSE (UNDER 5 UNITS)

    913 Wabash St, Michigan City, IN 46360-4090

    Value Estimation by Request
    5,841 sqft 0.13 AC lot
    View details
    170 Indiana Hwy 212
    MOBILE HOME PARK, TRAILER PARK

    170 Indiana Hwy 212, Michigan City, IN 46360-1956

    Value Estimation by Request
    20.00 AC lot
    View details
    1716 Michigan Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1716 Michigan Blvd, Michigan City, IN 46360-4933

    Value Estimation by Request
    6,534 sqft 0.29 AC lot
    View details
    222 Warren St
    APARTMENT HOUSE (UNDER 5 UNITS)

    222 Warren St, Michigan City, IN 46360-4269

    Value Estimation by Request
    3,900 sqft 0.19 AC lot
    View details
    202 Beachwalk Ln
    APARTMENT HOUSE (UNDER 5 UNITS)

    202 Beachwalk Ln, Michigan City, IN 46360-1782

    Value Estimation by Request
    3,324 sqft 0.12 AC lot
    View details
    902 Pne St
    APARTMENT HOUSE (UNDER 5 UNITS)

    902 Pne St, Michigan City, IN 46360-3532

    Value Estimation by Request
    2,499 sqft 0.14 AC lot
    View details
    4704 1100th W
    MOBILE HOME PARK, TRAILER PARK

    4704 1100th W, Michigan City, IN 46360-9438

    Value Estimation by Request
    127 sqft 76.77 AC lot
    View details
    Hwy 20
    MOBILE HOME PARK, TRAILER PARK

    Hwy 20, Michigan City, IN 46360

    Value Estimation by Request
    5.85 AC lot
    View details
    800 Indiana Hwy 212
    MOBILE HOME PARK, TRAILER PARK

    800 Indiana Hwy 212, Michigan City, IN 46360-3050

    Value Estimation by Request
    120 sqft 20.00 AC lot
    View details

    Michigan City, IN Multifamily Properties Market Trends and Statistics

    Explore 37 multifamily properties for sale in Michigan City, IN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 28,978 square feet of properties for sale, with an estimated market value of $2,268,999.

    Sale prices for multifamily properties in Michigan City, IN start at $149,999, averaging $756,333, and reaching up to $1,590,000 — 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

    Duplexes 4
    Apartment buildings 3
    Quadplexes 3
    Short term rental properties 1
    Triplexes 1

    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 $494.8K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in LaPorte County

    Office

    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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