105 Hancock AVE, Michigan City, IN 46360
105 Hancock AVE, Michigan City, IN 46360
105 Hancock AVE, Michigan City, IN 46360
20
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$149,000
Est. payment /mo
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5 Beds
1 Bath
1,727 SqFt
Pending

105 Hancock AVE Michigan City, IN 46360

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,727 sqft

Price per Sqft $86

MLS Listing ID 817470

Bedrooms 5

Full Baths 1

HOA Y/N No

Year Built 1889

Annual Tax Amount $1,306

Tax Year 2025

Lot Size 6,250 Sqft

Acres 0.1435

Property Sub-Type Single Family Residence

Property Description

Turn-key investment property! Generating a solid 10 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for decades, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.

Location

State IN

County La Porte

Rooms

Basement Crawl Space

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen

Heating Forced Air, Natural Gas

Fireplace N

Appliance Range, Range Hood

Exterior

Exterior Feature None

View Y/N true

View City, Neighborhood

Building

Lot Description Back Yard

Story One and One Half

Sewer Public Sewer

Water Public

Level or Stories One and One Half

Schools

School District Michigan City

Others

Tax ID 460131230011000022

SqFt Source Assessor

Acceptable Financing NRA20250314142244170249000000

Listing Terms NRA20250314142244170249000000

Listed by RE/MAX Lifestyles • Matt Evans

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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105 Hancock AVE