205 E Garfield Street Michigan City, IN 46360
Listing Courtesy of: NIRA as distributed by MLS GRID / Listed By: Eric Frageman, Century 21 Circle

  205 E Garfield Street Michigan City, IN 46360

Active (3 Days)
$299,900 (USD)
4
BED
5
BATH

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. Conveniently located in the 46360 area of Michigan City, 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.

MLS #:
843245
Taxes
$3,972(2024)
Lot Size
5,075 SQFT
Type
Multifamily
Year Built
1968
County
LaPorte County
Community
Michigan

Listed By

Eric Frageman, Century 21 Circle
Source
NIRA
Last checked Aug 3 2026 at 6:09 PM GMT+0000
Bathroom Details
Interior Features
  • None
Subdivision
  • Sanborns 4Th Add
Lot Information
  • Other
Utility Information
  • Sewer: Public Sewer
  • Fuel: Gas
Parking
  • Off Street
  • On Street
Stories
  • Two
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
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Mortgage calculator estimates are provided by C21 Circle and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Greater Northwest Indiana Association of Realtors (GNIAR). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/3/26 11:09
Based on information submitted to the MLS GRID as of 8/3/2026 18:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.