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  • $125,999

    1012 Elston St, Michigan City, IN 46360

    5beds
    --sqft
    Triplex
    Built in 1864
    -- sqft lot
    $164,300 Zestimate®
    $--/sqft
    $1,227 Estimated rent

    Home value

    $164,300

    $123,000 - $209,000

    $1,227/mo

    Zestimate® history
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    Owner options

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    $1,227/mo

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    $1,227/mo

    Rent Zestimate®

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    $805/mo

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    $805/mo

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    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:

    Listing updated:

    Listed by:

    David Whitehead,

    RE/MAX Lifestyles 219-462-2121

    Bought with:

    Christina Steele, RB14050545

    Atlas Real Estate Associates,

    Source: NIRA as distributed by MLS GRID,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

    Price history

    DateEventPrice
    2/28/2025Sold$125,999+0.9%
    Source: NIRA as distributed by MLS GRID #816048 Report a problem
    2/15/2025Pending sale$124,900
    Source: NIRA as distributed by MLS GRID #816048 Report a problem
    2/12/2025Listed for sale$124,900
    Source: NIRA as distributed by MLS GRID #816048 Report a problem
    3/23/2021Listing removed--
    Source: Owner Report a problem
    12/4/2019Listing removed$625
    Source: Owner Report a problem
    11/15/2019Listed for rent$625+25%
    Source: Owner Report a problem
    1/8/2019Listing removed$500
    Source: Owner Report a problem
    12/7/2018Listed for rent$500
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,200 +6.3%$111,800 +1.6%
    2024$2,070 -2.6%$110,000 +6.3%
    2023$2,126 +8%$103,500 -2.6%
    2022$1,968 +35.4%$106,300 +8%
    2021$1,454 +13.9%$98,400 +35.4%
    2020$1,276 -19.2%$72,700 +13.9%
    2019$1,579 +195.6%$63,800 +4.6%
    2018$534 -32.3%$61,000 +212.8%
    2017$789 +78.5%$19,500 -3%
    2016$442 -7.5%$20,100 -15.9%
    2014$478 +7.7%$23,900 +7.7%
    2013$444 $22,200 -19.9%
    2010-- $27,700 +48.9%
    2006$317 $18,600 +37.8%
    2005-- $13,500

    Find assessor info on the county website

    Neighborhood: 46360

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $164,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $164,300