Nestled in the block next to Marquette School sits this wonderful over/under duplex that has a strong rental history and spacious interior living space and bedrooms. Offering over 2720 SF of finished space, with 7 bedrooms and 3 baths total, the rental tenants will love their space. CAP rate is 11.5 with a GRM of 7.9 based on seller financial numbers. Separate entrances for each tenant, and to the unfinished basement. Main floor comes with stove, frig, microwave, dishwasher & washer & dryer. Upper has stove, frig, and microwave. Located just south of the outlet malls in the heart of the energized renewal of Michigan City, arrange your showing and make this investment yours.
Closed
$225,000
515 W 10th St, Michigan City, IN 46360
7beds
2,720sqft
Duplex
Built in 1937
-- sqft lot
$258,800 Zestimate®
$83/sqft
$1,240 Estimated rent
Home value
$258,800
$238,000 - $282,000
$1,240/mo
Zestimate® history
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$1,430/mo
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Zillow last checked:
Listing updated:
Listed by:
Matt Evans,
RE/MAX Lifestyles 219-462-2121
Bought with:
Carson Brand, RB22000962
Coldwell Banker Market Connect
Source: NIRA as distributed by MLS GRID,MLS#: 542558
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: In Unit, Other
Features
- Elevator
- Basement: Full
Interior area
- Total structure area: 2,720
- Total interior livable area: 2,720 sqft
Property
Parking
- Parking features: None
Features
- Frontage length: 37
Lot
- Size: 1,742 sqft
- Dimensions: 37 x 46
Details
- Parcel number: 460129389004000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
Community & neighborhood
Location
- Region: Michigan City
HOA & financial
Other financial information
- Total actual rent: 27040
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2025 | Listing removed | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 6/24/2025 | Price change | $1,300+4% |
Source: Zillow Rentals Report a problem | ||
| 6/23/2025 | Listed for rent | $1,250+9.6% |
Source: Zillow Rentals Report a problem | ||
| 2/9/2024 | Sold | $225,000$83/sqft |
Source:  NIRA as distributed by MLS GRID #542558 Report a problem | ||
| 12/7/2023 | Listed for sale | $225,000$83/sqft |
Source: NIRA as distributed by MLS GRID #542558 Report a problem | ||
| 9/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/19/2023 | Listed for rent | $1,140+14% |
Source: Zillow Rentals Report a problem | ||
| 2/9/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/1/2022 | Listed for rent | $1,000+8.7% |
Source: Zillow Rental Manager Report a problem | ||
| 1/6/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/2/2021 | Listed for rent | $920 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,711 +5.5% | $202,100 +18.1% |
| 2024 | $1,622 -15% | $171,100 +111% |
| 2023 | $1,908 +71% | $81,100 -30% |
| 2022 | $1,116 -29% | $115,800 +36.2% |
| 2021 | $1,572 +15.4% | $85,000 +8.1% |
| 2020 | $1,362 +24.5% | $78,600 +15.4% |
| 2019 | $1,094 +27.8% | $68,100 +36.5% |
| 2018 | $856 -11% | $49,900 +31.3% |
| 2017 | $962 +11.1% | $38,000 -12.2% |
| 2016 | $866 | $43,300 |
| 2014 | $866 | $43,300 |
| 2013 | $866 | $43,300 -33.3% |
| 2010 | -- | $64,900 -23.5% |
| 2006 | $834 | $84,800 +22.2% |
| 2005 | -- | $69,400 |
Find assessor info on the county website
Neighborhood: 46360
Nearby schools
GreatSchools rating
- 3/10Pine Elementary SchoolGrades: PK-6Distance: 3 mi
- 3/10Barker Middle SchoolGrades: 7-8Distance: 0.8 mi
- 3/10Michigan City High SchoolGrades: 9-12Distance: 3.2 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
$258,800
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
$258,800
- Indiana
- La Porte County
- Michigan City
- 46360
- 515 W 10th St
Nearby cities
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