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Listing provided courtesy of Blackrock Real Estate ServicesNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 837999MLS Provider

1115 Franklin StreetMichigan City, IN 46360

Multi-Family · 1 Full Bath · 0.06 Acres
$529,000 Active

1115 Franklin Street Overview

Time on Site:
61 days
Visits:
0

Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!

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1115 Franklin Street Facts & Features

  • Type Multi-Family
  • Lot 0.06 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Michigan City

Income/Expenses

  • Cable TV Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gardener Expense: 0
  • Maintenance Expense: 0
  • Pool Expense: 0
  • Trash Expense: 0

Building Information

  • New Construction: false
  • Year Built: 1900

Location/Region

  • County Or Parish: La Porte
  • Subdivision Name: Land Companys Add
  • Township: Michigan

Tax Information

  • Tax Annual Amount: 4618
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 460129466015000022
  • Pets Allowed: Call
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Total: 1

Building Interior

  • Above Grade Finished Area: 5737

General Information

  • Appliances: Gas Range,Refrigerator
  • Electric: 100 Amp Service,200+ Amp Service
  • Fireplace: false
  • Heating: Forced Air,Natural Gas
  • Interior Features: Other
  • Levels: Two
  • Living Area Source: Assessor

Exterior

Parking Information

  • Parking Features: On Street
  • Parking Total: 0

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2600
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront: false

General Information

  • Exterior Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Water Connected,Sewer Connected,Natural Gas Connected

1115 Franklin Street Neighborhood

Community

46360 (Michigan City) Demographics

40
Median Age
543
Population Density (per sq. mile)
29%
College Educated
$50,075
Estimated Median Income
11,503
Estimated Total Home Owners
6,112
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1115 Franklin Street Monthly Cost

$
$ %
%
$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1115 Franklin Street Market Data

Based on the last 30 days in this zip code

$438,983
Average List Price
$237
Average Price per Square Foot
44
Properties Sold
130
Average Days on Market
228
Properties for Sale
Calculations provided by Reliance Network

1115 Franklin Street History

Date Event Value Agent
6/22/2026Source: Northwest Indiana MLS Price Reduction
$529,000 -3.6%
6/22/2026Source: Northwest Indiana MLS Price Reduction
$529,000 -3.6%
4/30/2026Source: Northwest Indiana MLS Added to Database
April 30, 2026
3/17/2026Source: Northwest Indiana MLS Added to Database
March 17, 2026