This 3 bedroom 1 bath ranch-style home on over 1/3 acre corner lot is being offered to the market as an investment property opportunity, sold only with adjoining property at 309 Grace, listed as a package. Gross income combined of $60,000, with a 9.3 CAP rate. See MLS# 800432. 9.3 Cap rate, $1,300 monthly gross on this one at 315 Grace and tenant pays all utilities. Home is sold AS-IS. Sold with possession subject to Tenant's rights. Tenant's personal property is excluded. Any personal property from landlord will stay in basement. Solid rental history. Prequalified buyers only.
Closed
$147,000
315 Grace St, Michigan City, IN 46360
3beds
1,143sqft
Single Family Residence
Built in 1953
0.37 Acres Lot
$174,300 Zestimate®
$129/sqft
$1,587 Estimated rent
Home value
$174,300
$162,000 - $187,000
$1,587/mo
Zestimate® history
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List your homeWhat's special
Ranch - style home
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#: 800434
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Description: Estimated, Buyer to verify
- Area: 120
- Dimensions: 10.0 x 12.0
Bedroom 2
- Description: Estimated, Buyer to verify
- Area: 120
- Dimensions: 10.0 x 12.0
Bedroom 3
- Description: Estimated, Buyer to verify
- Area: 100
- Dimensions: 10.0 x 10.0
Kitchen
- Description: Estimated, Buyer to verify
- Area: 154
- Dimensions: 11.0 x 14.0
Living room
- Description: Estimated, Buyer to verify
- Area: 154
- Dimensions: 11.0 x 14.0
Heating
- Natural Gas
Appliances
- Included: Refrigerator
Features
- None
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,143
- Total interior livable area: 1,143 sqft
- Finished area above ground: 1,143
Property
Parking
- Parking features: Driveway, Off Street
- Has uncovered spaces: Yes
Features
- Levels: One
- Exterior features: None
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.37 Acres
- Dimensions: 164 x 98
- Features: Corner Lot
Details
- Parcel number: 460128437005.000022
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1953
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
HOA
- Has HOA: No
Location
- Region: Michigan City
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $87,700
- Annual tax amount: $1,478
- Date on market: 4/26/2024
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $147,000-74.9%$129/sqft |
Source:  NIRA as distributed by MLS GRID #800434 Report a problem | ||
| 3/6/2024 | Listed for sale | $585,000$512/sqft |
Source: NIRA as distributed by MLS GRID #800434 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,684 +22.4% | $87,700 +4.2% |
| 2024 | $1,376 -2.1% | $84,200 +22.4% |
| 2023 | $1,406 +28.3% | $68,800 -12.5% |
| 2022 | $1,096 -8.4% | $78,600 +31.4% |
| 2021 | $1,196 +56.1% | $59,800 |
| 2020 | $766 +0.5% | $59,800 +56.1% |
| 2019 | $762 +37.1% | $38,300 +7.3% |
| 2018 | $556 -26.8% | $35,700 +40.6% |
| 2017 | $760 +6.7% | $25,400 -28.7% |
| 2016 | $712 -10.8% | $35,600 -10.8% |
| 2014 | $798 | $39,900 |
| 2013 | $798 | $39,900 -17.2% |
| 2010 | -- | $48,200 -25.6% |
| 2006 | $1,430 | $64,800 +56.9% |
| 2005 | -- | $41,300 |
Find assessor info on the county website
Neighborhood: 46360
Nearby homes
- $--2 bd1 ba2.9k sqft309 Grace St APT 4, Michigan City, IN 46360Off Market
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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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Estimated market value
$174,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$174,300
- Indiana
- La Porte County
- Michigan City
- 46360
- 315 Grace St
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