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  • $265,000

    1213 Franklin St, Michigan City, IN 46360

    5beds
    --sqft
    Apartment
    Built in 1880
    -- sqft lot
    $267,200 Zestimate®
    $--/sqft
    $920 Estimated rent

    Home value

    $267,200

    $208,000 - $342,000

    $920/mo

    Zestimate® history
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    $1,617/mo

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    What's special

    New appliancesNewly installed furnacesCentral ac
    Amazing opportunity to own a mixed-use building. This is a two unit- residential apartment building with a storefront Total 3 units. This building has so much potential! Open up a business and owner occupy one of the apartments or for cashflow and investment! The units have been updated and feature newer bathrooms, new appliances and in-unit washer /dryer for apartments. . Newly installed furnaces and central ac for all 3 units. The first floor - 2 bedrms 1 bthrm . 2nd flr -2 bedrm 2 bthrms . attached store facing Franklin. Well kept and ready for new tenants. Walking distance to the muti- million 12 story mixed use development that will include the new South Shore Train Station, approximately 200 luxury apartments, roof top garden, retail and restaurant space, and multiple parking structures. New double track train line gets you to Chicago in 60 minutes. This is a great (growing) location!! Minutes from the lake front, light house outlet malls and the uptown arts district. A Must See!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jina Ko,

    Coldwell Banker Real Estate Gr 219-464-3531

    Bought with:

    Benjamin White, RB24000930

    Listing Leaders

    Source: NIRA as distributed by MLS GRID,MLS#: 826252MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Included: Dryer, Washer
    Features
    • None
    • Basement: Other,Unfinished
    • Has fireplace: No
    Interior area
    • Finished area above ground: 2,441

    Property

    Parking
    • Total spaces: 2
    Features
    • Levels: Two
    • Exterior features: Private Yard, Storage
    Lot
    • Size: 4,656 Square Feet
    • Features: Corner Lot
    Details
    • Parcel number: 460129485014000022
    • Zoning description: Mixed Use
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Condition
    • New construction: No
    • Year built: 1880

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: Michigan City
    Location
    • Region: Michigan City

    Financial & listing details

    • Tax assessed value: $120,600
    • Annual tax amount: $2,551
    • Date on market: 8/18/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,FHA,Conventional
    • Lease term: None

    Price history

    DateEventPrice
    2/6/2026Sold$265,000-7%
    Source: NIRA as distributed by MLS GRID #826252 Report a problem
    12/15/2025Pending sale$285,000
    Source: NIRA as distributed by MLS GRID #826252 Report a problem
    12/9/2025Price change$285,000-3.4%
    Source: NIRA as distributed by MLS GRID #826252 Report a problem
    8/18/2025Listed for sale$295,000
    Source: NIRA as distributed by MLS GRID #826252 Report a problem
    8/9/2025Listing removed$295,000
    Source: NIRA as distributed by MLS GRID #816405 Report a problem
    6/9/2025Price change$295,000-4.8%
    Source: NIRA as distributed by MLS GRID #816405 Report a problem
    2/21/2025Listed for sale$310,000+8.8%
    Source: NIRA as distributed by MLS GRID #816405 Report a problem
    11/1/2023Sold$285,000-3.4%
    Source: NIRA as distributed by MLS GRID #529497 Report a problem
    6/19/2023Contingent$295,000
    Source: NIRA as distributed by MLS GRID #529497 Report a problem
    4/28/2023Listed for sale$295,000+309.7%
    Source: NIRA as distributed by MLS GRID #529497 Report a problem
    9/18/2020Sold$72,000
    Source: @Properties sold #473814_46360 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,140 +23.1%$184,200 +17.3%
    2024$2,551 +50.9%$157,000 +30.2%
    2023$1,690 -8%$120,600 +52.5%
    2022$1,836 +6.6%$79,100 -7.4%
    2021$1,723 +175.8%$85,400 +7%
    2020$625 +14.5%$79,800 +9.6%
    2019$545 +22%$72,800 +4.3%
    2018$447 -5.2%$69,800 +26.7%
    2017$472 +36.5%$55,100 +7.2%
    2016$346 -27.4%$51,400 -27.8%
    2014$476 $71,200
    Find assessor info on the county website

    Neighborhood: 46360

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $267,200
    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
    $267,200