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.
Closed
$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
What's special
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#: 816048
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
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$131,800
2% more+$2,636
With Zillow Showcase(estimated)$134,436