Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.
Active
$149,000
105 Hancock Ave, Michigan City, IN 46360
5beds
1,727sqft
Single Family Residence
Built in 1889
6,250 Square Feet Lot
$-- Zestimate®
$86/sqft
$-- HOA
What's special
Three additional bedrooms upstairsConvenient laundry areaEnclosed front porchGenerously sizedMain-floor bathroomFunctional layout
- 545 days
- 299
- 20
Zillow last checked:
Listing updated:
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Source: NIRA as distributed by MLS GRID,MLS#: 817470
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: 168.32
- 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, Natural Gas
Appliances
- Included: Range, Range Hood
Features
- Ceiling Fan(s), Eat-in Kitchen
- Basement: Crawl Space
- 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 Square Feet
- Features: Back Yard
Details
- Parcel number: 460131230011000022
- Special conditions: None
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: $86/sqft
- Tax assessed value: $61,700
- Annual tax amount: $1,332
- Date on market: 3/14/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2025 | Price change | $149,000-3.2%$86/sqft |
Source:  NIRA as distributed by MLS GRID #817470 Report a problem | ||
| 4/9/2025 | Price change | $154,000-3.1%$89/sqft |
Source: NIRA as distributed by MLS GRID #817470 Report a problem | ||
| 3/14/2025 | Listed for sale | $159,000$92/sqft |
Source: NIRA as distributed by MLS GRID #817470 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,260 -2.8% | $61,700 -2.1% |
| 2024 | $1,296 +7.8% | $63,000 -2.8% |
| 2023 | $1,202 +16.2% | $64,800 -2.6% |
| 2022 | $1,034 -6.7% | $66,500 +28.6% |
| 2021 | $1,108 +44.6% | $51,700 -6.7% |
| 2020 | $766 +0.5% | $55,400 +44.6% |
| 2019 | $762 +37.1% | $38,300 +7.3% |
| 2018 | $556 -11.2% | $35,700 +40.6% |
| 2017 | $626 +8.3% | $25,400 -12.1% |
| 2016 | $578 | $28,900 |
| 2014 | $578 | $28,900 |
| 2013 | $578 | $28,900 -39% |
| 2010 | -- | $47,400 -6.5% |
| 2006 | $1,119 | $50,700 +34.8% |
| 2005 | -- | $37,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 46360
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