Phenomenal 4 unit transit-oriented property located just steps east of the new NICTD mixed use development and South Shore Station with solid income numbers in the Elston Grove Historic Neighborhood. Brick construction, with front and rear stairwell access. Property includes adjacent lot to north with new parking lot. Each unit is a 3/1, with thoughtful layouts, including a flex room bedroom with french doors. High ceilings and wood floors. Each unit has space for storage in locker setups in the huge basement, as well as washer & dryer hookups for the tenant's use. 9.1 CAP and a 9.9 GRM for excellent investment returns with long proven rental histories. Tenants pay all utilities, except 5th common area house meter paid by Landlord.Unit sizes estimated buyer to verify. Showings by appointment only.
Closed
$500,000
1010-1012 Cedar St, Michigan City, IN 46360
12beds
4,572sqft
Quadruplex
Built in 1910
-- sqft lot
$559,500 Zestimate®
$109/sqft
$1,822 Estimated rent
Home value
$559,500
$515,000 - $604,000
$1,822/mo
Zestimate® history
Owner options
List your home for rent
$1,822/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,822/mo
Rent Zestimate®
Refinance and save
$2,422/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,422/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Dryer hookupsFrench doorsFlex room bedroomSolid income numbersBrick constructionHigh ceilingsNew parking lot
Zillow last checked:
Listing updated:
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Bought with:
Danek Znika, RB16001218
Brokerworks Group
Source: NIRA as distributed by MLS GRID,MLS#: 542568
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Features
- Elevator
- Basement: Full
Interior area
- Total structure area: 4,572
- Total interior livable area: 4,572 sqft
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Porch
- Exterior features: Storage
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 460129481004000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & HOA
Location
- Region: Michigan City
Financial & listing details
- Price per square foot: $109/sqft
- Date on market: 12/7/2023
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Lease Option
- Total actual rent: 48400
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2024 | Sold | $500,000-4.8%$109/sqft |
Source:  NIRA as distributed by MLS GRID #542568 Report a problem | ||
| 12/31/2023 | Contingent | $525,000$115/sqft |
Source: NIRA as distributed by MLS GRID #542568 Report a problem | ||
| 12/7/2023 | Listed for sale | $525,000$115/sqft |
Source: NIRA as distributed by MLS GRID #542568 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46360
Nearby homes
- $--3 bd1 ba1k sqft1010 Cedar St #1010.5, Michigan City, IN 46360Off Market
- $--3 bd1 ba-- sqft1010 Cedar St #1010, Michigan City, IN 46360Off Market
- $139,4003 bd1 ba-- sqft1010 Cedar St, Michigan City, IN 46360Off Market
- $241,4003 bd2 ba1.5k sqft1008 Cedar St, Michigan City, IN 46360Off Market
- $169,0003 bd2 ba1.6k sqft410 E 11th St, Michigan City, IN 46360Off Market
- $132,4002 bd1 ba1.6k sqft401 E 10th St, Michigan City, IN 46360Off Market
- $154,0003 bd2 ba2.1k sqft407 E 10th St, Michigan City, IN 46360Off Market
- $139,4003 bd1 ba-- sqft1012 Cedar St, Michigan City, IN 46360Off Market
Nearby schools
GreatSchools rating
- 6/10Marsh Elementary SchoolGrades: K-6Distance: 0.5 mi
- 5/10Martin T Krueger Middle SchoolGrades: 7-8Distance: 2.2 mi
- 3/10Michigan City High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- High: Michigan City High School
Source: NIRA as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$559,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$559,500
- Indiana
- La Porte County
- Michigan City
- 46360
- 1010-1012 Cedar St
Nearby cities
Nearby zip codes
Other Michigan City Topics
