Closed

$270,000

1316 Franklin St, Michigan City, IN 46360

6beds

--sqft

Quadruplex

Built in 1873

-- sqft lot

$-- Zestimate^®

$--/sqft

$3,318 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,318/mo

Zestimate^® history

Owner options

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$3,318/mo

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$3,318/mo

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$1,308/mo

Est. payment

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$1,308/mo

Est. payment

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What's special

Enclosed porchAmple street parkingCorner lotPrivate patios

This well maintained 2-story, 4-unit investment property on Franklin Street is currently Fully occupied with the average tenant length of 4+ years. Situated on a corner lot, the building offers individual entrances for each tenant and ample street parking. The upper units feature private patios, while the lower rear unit boasts an enclosed porch. With new construction just one block away, this well-located property has significant income potential. Don't miss out on this property. Sold AS IS.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Has Heating (Unspecified Type)

Appliances

Included: Other

Features

Other
Basement: Unfinished
Has fireplace: No

Interior area

Finished area above ground: 2,454

Property

Parking

Parking features: On Street

Features

Levels: Bi-Level
Has view: Yes
View description: Neighborhood

Lot

Size: 4,656 Square Feet
Dimensions: 49 x 95
Features: Corner Lot

Details

Parcel number: 460132227002000022

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

New construction: No
Year built: 1873

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Other
Subdivision: Land Companys Add

Location

Region: Michigan City

Financial & listing details

Tax assessed value: $185,400
Annual tax amount: $3,708
Date on market: 2/2/2025
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,VA Loan,Conventional

Price history

Date	Event	Price
7/31/2025	Sold	$270,000-9.7%
Source: NIRA as distributed by MLS GRID #815628 Report a problem
6/20/2025	Pending sale	$299,000
Source: NIRA as distributed by MLS GRID #815628 Report a problem
4/3/2025	Price change	$299,000-5.1%
Source: NIRA as distributed by MLS GRID #815628 Report a problem
3/10/2025	Price change	$315,000-4.5%
Source: NIRA as distributed by MLS GRID #815628 Report a problem
2/2/2025	Listed for sale	$330,000
Source: NIRA as distributed by MLS GRID #815628 Report a problem
3/19/2021	Listing removed	--
Source: Zillow Rental Network Premium Report a problem
3/3/2021	Listed for rent	$725
Source: Zillow Rental Network Premium Report a problem
2/21/2021	Listing removed	--
Source: Zillow Rental Network Premium Report a problem
1/8/2021	Listed for rent	$725
Source: Zillow Rental Network Premium Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,914 +5.6%	$198,500 +1.4%
2024	$3,708 +14.4%	$195,700 +5.6%
2023	$3,242 +68%	$185,400 +14.4%
2022	$1,930 -25.4%	$162,100 +68%
2021	$2,588	$96,500 -25.4%
2020	$2,588 -5%	$129,400
2019	$2,724 -1.3%	$129,400 +0.3%
2018	$2,760 -0.6%	$129,000 -1.4%
2017	$2,776 +5%	$130,800 -0.6%
2016	$2,644 +12%	$131,600 +11.5%
2014	$2,360 +1.1%	$118,000 +1.1%
2013	$2,334	$116,700 -13.7%
2010	--	$135,200 +43.4%
2006	$2,015	$94,300 +10.2%
2005	--	$85,600