With over 1700 SF this 5 bedroom 1 bathroom home is being sold as an investment property with long term tenant in place! CAP rate for investor at 8.1, with great upside potential. Current tenant has been there many years, so lease rate considers that loyalty. 2 bedrooms on the main floor, plus another 3 bedrooms upstairs. Main floor bath and laundry room. Enclosed front porch and back entryway. Current lease thru March 31, 2026. Tenant pays utility bills, landlord pays taxes and insurance. Park your investment in the economically developing Michigan City area near the Lake Michigan shoreline. By Appt ONLY. Schedule your in-person or virtual tour today, times slots available are SATs at 11 am and TUESs at 4 pm out of respect to Tenant.
Active
Price cut: $5K (4/9)
$154,000
105 Hancock Ave, Michigan City, IN 46360
5beds
1,727sqft
Est.:
Single Family Residence
Built in 1889
6,250.86 Square Feet Lot
$-- Zestimate®
$89/sqft
$-- HOA
What's special
Main floor bathEnclosed front porchBack entrywayLaundry room
- 43 days
- on Zillow |
- 563 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: April 11, 2025 at 04:02pm
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Source: NIRA,MLS#: 817470

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom 2, Other Room, Primary Bedroom, Living Room, Laundry, Kitchen, Bedroom 5, Bedroom 4, Bedroom 3
Primary bedroom
- Area: 166.6
- Dimensions: 14.0 x 11.9
Bedroom 2
- Description: Laminate Floor
- Area: 70.15
- Dimensions: 11.5 x 6.1
Bedroom 3
- Description: Laminate Floor
- Area: 131.89
- Dimensions: 12.1 x 10.9
Bedroom 4
- Description: Laminate Floor
- Area: 168.33
- Dimensions: 13.9 x 12.11
Bedroom 5
- Description: Laminate Floor
- Area: 150.96
- Dimensions: 14.8 x 10.2
Kitchen
- Description: Buyer to verify
- Area: 120
- Dimensions: 12.0 x 10.0
Laundry
- Description: Laundry & Full bath
- Area: 69.04
- Dimensions: 11.3 x 6.11
Living room
- Description: Lam. Floor
- Area: 204.24
- Dimensions: 14.8 x 13.8
Other
- Description: Front porch, not heated
- Area: 143.56
- Dimensions: 19.4 x 7.4
Heating
- Forced Air
Appliances
- Included: Range Hood
Features
- Ceiling Fan(s), Eat-in Kitchen
- Has fireplace: No
Interior area
- Total structure area: 1,727
- Total interior livable area: 1,727 sqft
- Finished area above ground: 1,727
Property
Features
- Levels: One and One Half
- Exterior features: None
- Has view: Yes
- View description: City, Neighborhood
Lot
- Size: 6,250.86 Square Feet
- Features: Back Yard
Details
- Parcel number: 460131230011000022
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1889
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Michigan City
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $63,000
- Annual tax amount: $1,296
- Date on market: 3/14/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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