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  • $125,999

    1012 Elston St, Michigan City, IN 46360

    5beds
    --sqft
    Triplex
    Built in 1864
    -- sqft lot
    $131,800 Zestimate®
    $--/sqft
    $1,250 Estimated rent

    Owner options

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    $1,250/mo

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    $1,250/mo

    Rent Zestimate®

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    $610/mo

    Est. payment

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    $610/mo

    Est. payment

    What's special

    Great investment opportunity! This 5-bedroom, 3-bathroom, two-story triplex is an excellent addition to any investor's portfolio. The property consists of three separate units, two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit providing flexible rental options. Located directly across the street from a fire station, this property offers convenience and security for tenants. When fully rented, estimated gross rental income is approximately 2,700-2,800 per month, making this a high-potential income-generating asset. The two-story layout provides ample space, and with some minor updates or improvements, rental rates could potentially be increased, maximizing returns. Whether you're looking for a long-term investment or a multi-unit property to live in while renting out additional units, this triplex offers strong potential.

    Zillow last checked: 8 hours ago

    Listing updated: March 03, 2025 at 11:17am

    Listed by:

    David Whitehead,

    RE/MAX Lifestyles 219-462-2121

    Bought with:

    Christina Steele, RB14050545

    Atlas Real Estate Associates,

    Source: NIRA,MLS#: 816048MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air
    Appliances
    • Laundry: In Basement
    Features
    • Ceiling Fan(s)
    • Basement: Concrete
    • Has fireplace: No
    Interior area
    • Finished area above ground: 2,445

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street, On Street
    Features
    • Levels: Two
    • Patio & porch: Porch
    • Exterior features: Private Yard
    Lot
    • Size: 5,248 sqft
    • Dimensions: 95 x 60
    • Features: Level
    Details
    • Parcel number: 460129393004000022

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Condition
    • New construction: No
    • Year built: 1864

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Michigan City

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt
    Sell for more on Zillow
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    $131,800
    2% more+$2,636
    With Zillow Showcase(estimated)$134,436