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    Michigan City, IN Residential Income Properties for Sale

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    Mixed-Use Property with Retail
    Updated: Mar 17
    Mixed-Use Property with Retail

    1115 Franklin Street, Michigan City, IN 46360

    $499,000
    5,737 sqft 0.06 AC lot
    5,737‑square‑foot mixed‑use property with street‑level retail and two residential apartments
    Separate carriage house adds a distinct secondary structure to the property
    All units are rented with active leases in place
    New roof installed in 2024, plus furnace and 200 amp electrical service
    One residential apartment has been renovated with modern finishes
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    Rebuilt Four-Bedroom Duplex
    Updated: Apr 10
    Rebuilt Four-Bedroom Duplex

    116 Fogarty Street, Michigan City, IN 46360

    $550,000
    0.07 AC lot
    Four‑bedroom, three‑bath duplex rebuilt in 2020 from a 1909 shell structure
    0.0689‑acre property with public water and public sewer
    Approximately three blocks from Lake Michigan beach access
    Kitchen includes quartz counters, breakfast bar, wine fridge, and gas range
    Multiple dedicated workspaces for remote work or virtual learning
    View details
    Historic Two-Unit Duplex
    Historic Two-Unit Duplex

    1924 Manhattan Street, Michigan City, IN 46360

    $249,900
    0.13 AC lot

    1913 property with separate utilities, a covered front porch, fenced yard, basement storage, and off-street parking.

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    See hot listings in Michigan City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Short-Term Rental Near Lake Michigan
    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
    Five-Unit Apartment Building

    320 E 8th, Michigan City, IN 46360

    $450,000
    0.16 AC lot

    Historic multifamily property with varied unit layouts, abundant windows, and public water and sewer service.

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    Mixed-Use Property with Retail Space
    Mixed-Use Property with Retail Space

    1115 Franklin Street, Michigan City, IN 46360

    $499,000
    0.06 AC lot

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Unit Duplex with Basement
    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
    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
    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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    Michigan City Duplex with Updates
    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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    Four-Unit One-Bedroom Income Property
    Four-Unit One-Bedroom Income Property

    401 E Garfield St, Michigan City, IN 46360

    $250,000

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

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    Remodeled Two-Unit Duplex
    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 with Updated Baths
    Two-Unit Duplex with Updated Baths

    315 Dupage Street, Michigan City, IN 46360

    Contact for pricing

    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
    Two-Unit Residential Income Property

    207 Chicago Street, Michigan City, IN 46360

    Contact for pricing

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

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    118 N Lake Avenue, Michigan City, IN 46360

    Contact for pricing

    Four residential units offer varied layouts, private outdoor areas, and immediate proximity to Lake Michigan beach access.

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    Based on your search, we've compiled 50 Potential Opportunities for your consideration. Besides 15 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 27 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.

    Duplex with Finished Basement
    Duplex with Finished Basement

    455 Woodlawn Ave, Chesterton, IN 46304

    $385,000
    2,360 sqft

    Two-bedroom units, private yards, and updated mechanical and window systems support flexible owner-occupant use.

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

    121 East Michigan Street, New Buffalo, MI 49117

    $590,000
    563 sqft

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

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    Triplex with Private Entrances
    Triplex with Private Entrances

    121 E Michigan Street, New Buffalo, MI 49117

    $590,000
    0.14 AC lot

    Each residence has its own entrance, electric service, and water service.

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    Duplex with Attached Garages
    Duplex with Attached Garages

    1250-1252 Lawson Ln, Chesterton, IN 46304

    $495,000

    Built in 2019, this two-unit duplex offers townhome-style layouts with attached garages and leased-through August 31, 2026 income.

    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.

    Vacant Lot in Michigan City
    Vacant Lot in Michigan City

    S Carroll Avenue, Michigan City, IN 46360

    Contact for pricing
    0.18 AC lot

    Vacant lot near Lake Michigan beaches and major highways.

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    Mixed-Use Land with Two Parcels
    Mixed-Use Land with Two Parcels

    Hwy 12, Michigan City, IN 46360

    $35,000
    1.67 AC lot

    1.67 acres offered as two parcels, one commercially zoned and one residential, with utilities available and easement access required.

    View details
    Beverly Shores Wooded Acreage
    Beverly Shores Wooded Acreage

    602 E Beverly Drive, Beverly Shores, IN 46301

    $775,000
    6.08 AC lot

    Rare 6+ acre wooded property near Indiana Dunes National Park.

    View details
    Horseshoe Lake 5.45 Acre Lot
    Horseshoe Lake 5.45 Acre Lot

    N Kuchar Drive, La Porte, IN 46350

    $224,900
    5.45 AC lot

    5.45 acre lot with lake access and views.

    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

    Estimated value:
    $500,000
    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

    Estimated value:
    $3,105,000
    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

    Estimated value:
    $245,000
    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

    Estimated value:
    $235,000
    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

    Estimated value:
    $255,000
    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

    Estimated value:
    $275,000
    20.00 AC lot
    View details
    1716 Michigan Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1716 Michigan Blvd, Michigan City, IN 46360-4933

    Estimated value:
    $245,000
    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

    Estimated value:
    $250,000
    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

    Estimated value:
    $275,000
    3,324 sqft 0.12 AC lot
    View details

    Michigan City, IN Residential Income Properties Market Trends and Statistics

    Explore 42 residential income properties for sale in Michigan City, IN, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 19,484 square feet of properties for sale, with an estimated market value of $4,254,298.

    Sale prices for residential income properties in Michigan City, IN start at $149,999, averaging $354,524, 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

    Multifamily properties 14
    Duplexes 9
    Quadplexes 3
    Short term rental properties 3
    Apartment buildings 2

    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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    Popular Searches in Michigan City, IN

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    Most Searched ZIP Codes in Michigan City, IN

    • 46360

    Featured Michigan City Real Estate Agencies

    Realmo connects you with licensed Michigan City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Middleton Co.
    4121 S. Franklin St Michigan City, IN 46360
    Phone: 12198742121
    www.C21Middleton.com
    d'aprile properties llc
    827 1/2 Franklin Street Michigan City, IN 46360
    Phone: 12198774014
    www.daprileproperties.com

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