Excellent Short-Term Rental Potential - Minutes from Lake Michigan!This charming 3-bedroom, 1.5-bath home offers the ideal setup for short-term rental investors looking to capitalize on Michigan City's popular summer tourism. Comfortably sleeps 8 with two spacious main-level bedrooms (each fits a king bed) and a beautifully renovated full bathroom. The second floor features a large third bedroom that easily accommodates four twin beds, plus a convenient updated half bath, perfect for families or groups.The layout, location, and sleeping capacity make this home a strong candidate for Airbnb or VRBO. Central air throughout, plus a window unit upstairs to ensure extra comfort during full occupancy.Just 2 miles to Washington Park, Zoo and the Beach; 1 mile to the Premium Outlet Mall; and only 0.6 miles to the South Shore Line for easy access to Chicago or South Bend Airport. Close to shops, restaurants, and local events.Furnishings, Linens, and Decor are Negotiable, making it easy to get this property guest-ready with minimal effort. A well-maintained, move-in-ready home in a high-demand location, don't miss out!
Closed
$183,000
506 Tremont St, Michigan City, IN 46360
3beds
1,248sqft
Single Family Residence
Built in 1951
5,388 Square Feet Lot
$190,400 Zestimate®
$147/sqft
$1,413 Estimated rent
Home value
$190,400
$149,000 - $246,000
$1,413/mo
Zestimate® history
Owner options
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$1,413/mo
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$1,413/mo
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$1,163/mo
Est. payment
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$1,163/mo
Est. payment
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List your homeWhat's special
Convenient updated half bathSpacious main-level bedroomsMinutes from lake michiganLarge third bedroomWindow unit upstairs
Zillow last checked:
Listing updated:
Listed by:
Danelcy Patterson,
Coldwell Banker Realty 269-469-3950
Bought with:
Jasica Twardus, RB20001826
Blackrock Real Estate Services
Source: NIRA as distributed by MLS GRID,MLS#: 825544
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom 2, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 3
Primary bedroom
- Area: 150
- Dimensions: 15.0 x 10.0
Bedroom 2
- Area: 108
- Dimensions: 12.0 x 9.0
Bedroom 3
- Area: 231
- Dimensions: 21.0 x 11.0
Dining room
- Area: 42
- Dimensions: 7.0 x 6.0
Kitchen
- Area: 120
- Dimensions: 15.0 x 8.0
Living room
- Area: 204
- Dimensions: 12.0 x 17.0
Heating
- Forced Air
Appliances
- Included: Refrigerator, Microwave
Features
- Entrance Foyer
- Basement: Interior Entry,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 1,248
- Total interior livable area: 1,248 sqft
- Finished area above ground: 1,248
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Detached, Paved, Off Street
- Garage spaces: 2
Features
- Levels: One and One Half
- Exterior features: Private Yard
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,388 Square Feet
- Features: Landscaped, Paved
Details
- Parcel number: 460128378003000022
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Phillips
HOA
- Has HOA: No
Location
- Region: Michigan City
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $116,900
- Annual tax amount: $2,372
- Date on market: 8/13/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,VA Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $183,000-3.6%$147/sqft |
Source:  NIRA as distributed by MLS GRID #825544 Report a problem | ||
| 8/30/2025 | Pending sale | $189,900$152/sqft |
Source: NIRA as distributed by MLS GRID #825544 Report a problem | ||
| 8/23/2025 | Contingent | $189,900$152/sqft |
Source: NIRA as distributed by MLS GRID #825544 Report a problem | ||
| 8/13/2025 | Listed for sale | $189,900+29.6%$152/sqft |
Source: NIRA as distributed by MLS GRID #825544 Report a problem | ||
| 11/30/2023 | Sold | $146,500-7.3%$117/sqft |
Source: NIRA as distributed by MLS GRID #541597 Report a problem | ||
| 11/20/2023 | Contingent | $158,000$127/sqft |
Source: NIRA as distributed by MLS GRID #541597 Report a problem | ||
| 11/17/2023 | Listed for sale | $158,000+85.9%$127/sqft |
Source: NIRA as distributed by MLS GRID #541597 Report a problem | ||
| 5/8/2023 | Sold | $85,000-15%$68/sqft |
Source: NIRA as distributed by MLS GRID #528250 Report a problem | ||
| 4/13/2023 | Contingent | $99,999$80/sqft |
Source: NIRA as distributed by MLS GRID #528250 Report a problem | ||
| 4/10/2023 | Listed for sale | $99,999$80/sqft |
Source: NIRA as distributed by MLS GRID #528250 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,300 +126.4% | $116,900 +1.7% |
| 2024 | $1,016 -1.9% | $115,000 +13.2% |
| 2023 | $1,036 +5.6% | $101,600 -1.9% |
| 2022 | $981 +10% | $103,600 +5.6% |
| 2021 | $892 | $98,100 +10% |
| 2020 | $892 +14.7% | $89,200 |
| 2019 | $777 +7.9% | $89,200 +13.9% |
| 2018 | $721 -2.3% | $78,300 +2.8% |
| 2017 | $737 -4.9% | $76,200 -3.4% |
| 2016 | $775 -4.1% | $78,900 -5.7% |
| 2014 | $808 +38.9% | $83,700 +2.8% |
| 2013 | $582 | $81,400 -14% |
| 2010 | -- | $94,600 +8.9% |
| 2006 | $581 | $86,900 +4.2% |
| 2005 | -- | $83,400 |
Find assessor info on the county website
Neighborhood: 46360
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Nearby schools
GreatSchools rating
- 3/10Lake Hills Elementary SchoolGrades: K-6Distance: 1.2 mi
- 5/10Martin T Krueger Middle SchoolGrades: 7-8Distance: 1.9 mi
- 3/10Michigan City High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$190,400
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Estimated market value
$190,400
- Indiana
- La Porte County
- Michigan City
- 46360
- 506 Tremont St
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