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1010-1012 Cedar Street, Michigan City, IN 46360
$500,000
1010-1012 Cedar Street, Michigan City, IN 46360View this property at 1010-1012 Cedar Street, Michigan City, IN 46360
1010-1012 Cedar StreetMichigan CityIN46360
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Property Description
Phenomenal 4 unit transit-oriented property located just steps east of the new NICTD mixed use development and South Shore Station with solid income numbers in the Elston Grove Historic Neighborhood. Brick construction, with front and rear stairwell access. Property includes adjacent lot to north with new parking lot. Each unit is a 3/1, with thoughtful layouts, including a flex room bedroom with french doors. High ceilings and wood floors. Each unit has space for storage in locker setups in the huge basement, as well as washer & dryer hookups for the tenant's use. 9.1 CAP and a 9.9 GRM for excellent investment returns with long proven rental histories. Tenants pay all utilities, except 5th common area house meter paid by Landlord.Unit sizes estimated buyer to verify. Showings by appointment only.
Full Property Details
Full Property Details for 1010 Cedar St
General
- Sold For: $500,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 542568
- Added to Site: 147 day(s) ago
Interior
- Number of Rooms: 20
- Interior Features: Elevator
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 12
Exterior
- Exterior Features: Storage
Parking
- Parking Features: Off Street
Location
- County: La Porte
- Township: Michigan
- Subdivision: N/A
- Driving Directions: W Michigan Blvd to E Michigan Blvd, go southeast on E Michigan Blvd to E 10th St, turn west on E 10th st and follow until Cedar St. Go South on Cedar St and property is on the east corner of Cedar St and E 11th St.
Structural Information
- Square Feet: 4,572
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Dimensions: IRR
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- Legal Description: Legal Description: 42-01-29-481-004 LAND CO FRL LT 1 E OF BLK 85 VAC 11TH ST. E OF FRL. LT E OF BLK & 42-01-29-481-002 LAND CO 30 X 50FT S PT LT 2 EX 5FT E SD BLK NOT NUM E OF BLK 85
- Property ID: 460129481004000022
Listed by RE/MAX Lifestyles
Sold by Brokerworks Group
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Schools
Schools serving 1010 Cedar St
School District:Michigan City Area Schools
Rating | Name | Grades | Distance |
---|---|---|---|
401 E Homer St, Michigan City, IN 46360 | PK-5 | 0.4 mi | |
2001 Springland Ave, Michigan City, IN 46360 | 6-8 | 2.2 mi | |
8466 W Pahs Rd, Michigan City, IN 46360 | 9-12 | 2.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1010 Cedar St
Date
Details
Price
Change
Source
1/26/2024
Sold
$500,000
-4.76%
MLS
12/06/2023
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1010-1012 Cedar Street, Michigan City, IN 46360 (MLS# 542568) is a Multi-Family property that was sold at $500,000 on January 26, 2024. Want to learn more about 1010-1012 Cedar Street? Do you have questions about finding other Multi-Family real estate for sale in Michigan City? You can browse all Michigan City real estate or contact a Coldwell Banker agent to request more information.