Step into this nice turnkey 4-unit over under investment property being sold as a package with 315 Grace MLS# 800432. Gross income combined of $60,000, with a 9.3 CAP rate. The two main floor units are built to be accessible from exterior, with ramp and accessible door widths and roll under kitchen sinks. Other two units are upstairs. Features a 24x24 garage, and great off street parking with concrete driveway. Basement with mechanicals, upstairs unit mechs are in attic. All utilities are separated, and tenants pay own utilities. This is truly a turn-key investment. Property is sold AS-IS, subject to Tenant's Rights. Personal property of landlord in basement and garage to stay, personal property of Tenant's excluded.
Closed
$421,000
309 Grace St, Michigan City, IN 46360
8beds
--sqft
Apartment
Built in 1904
-- sqft lot
$-- Zestimate®
$--/sqft
$2,257 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,257/mo
Zestimate® history
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Good off street parking
Zillow last checked:
Listing updated:
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Bought with:
Matt Evans, RB14034485
RE/MAX Lifestyles
Source: NIRA as distributed by MLS GRID,MLS#: 800432
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Appliances
- Included: Range, Refrigerator
- Laundry: Gas Dryer Hookup, Washer Hookup
Features
- None
- Basement: Unfinished
- Has fireplace: No
Interior area
- Finished area above ground: 2,906
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Exterior features: None
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Size: 5,662 Square Feet
- Dimensions: 60 x 98
- Features: Level, See Remarks
Details
- Parcel number: 460128437006.000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
Location
- Region: Michigan City
Financial & listing details
- Tax assessed value: $167,600
- Annual tax amount: $1,956
- Date on market: 4/26/2024
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $421,000-28% |
Source:  NIRA as distributed by MLS GRID #800432 Report a problem | ||
| 3/6/2024 | Listed for sale | $585,000 |
Source: NIRA as distributed by MLS GRID #800432 Report a problem | ||
| 3/23/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/29/2017 | Listing removed | $580 |
Source: Owner Report a problem | ||
| 5/23/2017 | Listed for rent | $580 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,248 +20.9% | $167,600 +3.2% |
| 2024 | $2,686 -18.7% | $162,400 +20.9% |
| 2023 | $3,304 +89.9% | $134,300 -18.7% |
| 2022 | $1,740 -14.2% | $165,200 +41.7% |
| 2021 | $2,028 | $116,600 +15% |
| 2020 | $2,028 +33.8% | $101,400 |
| 2019 | $1,516 +132.5% | $101,400 +47.8% |
| 2018 | $652 -49.5% | $68,600 +170.1% |
| 2017 | $1,290 +1.1% | $25,400 -55.7% |
| 2016 | $1,276 +1.1% | $57,300 -9.2% |
| 2014 | $1,262 -1.4% | $63,100 -48.7% |
| 2013 | $1,280 | $123,100 +4.6% |
| 2010 | -- | $117,700 +29.6% |
| 2006 | $2,004 | $90,800 +23.5% |
| 2005 | -- | $73,500 |
Find assessor info on the county website
Neighborhood: 46360
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Nearby schools
GreatSchools rating
- 3/10Lake Hills Elementary SchoolGrades: K-6Distance: 1.1 mi
- 5/10Martin T Krueger Middle SchoolGrades: 7-8Distance: 1.3 mi
- 3/10Michigan City High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- High: Michigan City High School
Source: NIRA as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- La Porte County
- Michigan City
- 46360
- 309 Grace St
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