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    • $149,000

    105 Hancock Ave, Michigan City, IN 46360

    5beds
    1,727sqft
    : 
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    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
    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.
    491 days
    |
    275
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Matt Evans,

    RE/MAX Lifestyles 219-462-2121

    Source: NIRA as distributed by MLS GRID,MLS#: 817470MLS Logo

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      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

        DateEventPrice
        6/25/2025Price change$149,000-3.2%$86/sqft
        Source: NIRA as distributed by MLS GRID #817470 Report a problem
        4/9/2025Price change$154,000-3.1%$89/sqft
        Source: NIRA as distributed by MLS GRID #817470 Report a problem
        3/14/2025Listed for sale$159,000$92/sqft
        Source: NIRA as distributed by MLS GRID #817470 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 46360

        Getting around

        29 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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