About This Home

This 4-bedroom, 5-bathroom multi-family at 205 E Garfield Street in Michigan City, IN is listed for $249,900. Built in 1968, on a 0.12 acres lot.

Key Features

  • Built in 1968
  • 0.12 acre lot
  • 2 stories

Property Details

2 stories
5 full
1968

Amenities

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Listing Description

Excellent opportunity to add a versatile mixed-use investment property to your portfolio. This income-producing property features four two-bedroom residential units along with one (1) commercial space, offering multiple income streams in a convenient Michigan City location.

The property is currently generating over 2,500 per month in rental income. All residential units are occupied on verbal month-to-month rental agreements, providing flexibility for future management and leasing strategies. The commercail space is vacant and is awaiting your next project.

The property is situated just off a public bus route and offers easy access to many of the area's amenities. Enjoy proximity to Lake Michigan's shoreline and beaches, shopping, dining, entertainment, the casino, and rail service, making this a desirable location for both residential and commercial tenants.

Whether you're expanding your investment portfolio or seeking a mixed-use property with immediate cash flow and future potential, this property presents an outstanding opportunity. Buyer to verify all measurements, rental information, zoning, and permitted uses. Michigan City is short term rental friendly.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

205 E Garfield Street

Michigan City, IN 46360

Sanborns 4th Add

Property Details

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City

Parking

On StreetOff Street

Heating

Natural Gas

Appliances

RangeRefrigerator

Questions & Answers

This 4-bedroom, 5-bathroom multi-family at 205 E Garfield Street is listed at $249,900. The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1968, 0.12 acre lot, 2 stories.

This property is listed by Eric Frageman.

EF

Eric Frageman

Agent at Century 21 Middleton Co.

Listed by Century 21 Middleton Co. · Broker phone: (219) 874-2121 · View on Broker Site · Broker website

MLS# 843245· Source: Greater Northwest Indiana Association of REALTORS· 92 days on PropertySimple

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

205 E Garfield Street, Michigan City, IN 46360

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