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$78,000
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Property Description
Investor opportunity! Priced at just 85K, this tenant-occupied two-unit property offers immediate rental income and strong upside for the right buyer. Each unit features 2 bedrooms and 1 bathroom, with a partially finished basement providing additional storage and future possibilities. The seller is motivated and ready to sell, offering the property as-is and with tenants in place. The main-floor tenant has occupied the property for nearly a decade and is currently month-to-month. The upstairs tenant moved in January and has a lease in place through December. Tenants pay on time, and the property currently generates 1,250 per month in rental income. While the property needs substantial TLC, the layout, income potential, and location make this a great opportunity for an investor ready to renovate and reposition. Conveniently located just blocks from the South Shore Line and near one of the city's main corridors, with quick access to shopping, dining, entertainment, Blue Chip Casino, and the beach. Great space, great potential, and priced to sell--bring your vision and make this your next investment opportunity!
Full Property Details
Full Property Details for 124 N Woodland Ave
General
- Sold For: $78,000
- Taxes: $1,832 (2025)
- Status: Closed
- Type: Multi-Family
- Source: GNIAR
- MLS ID: 841035
- Added to Site: 22 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: Eat-in Kitchen, High Ceilings
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: Alley Access, On Street
Location
- County: La Porte
- Township: Michigan
- Subdivision: n/a
- Driving Directions: Michigan Blvd to Pleasant Ave. Left on Thomas. Left on Woodland Ave. Parking is on the left side of the street
Community
- Pets Allowed: Yes
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Year Built: 1924
Lot Features
- Lot Size (Acres): 3,920
- Lot Size (Sq. Ft.): 170,755,200
- Lot Features: Rectangular Lot
Financial Considerations
- Tax Amount: $1,832
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 42-01-28-483-019 CAMP ANDERSON LT 17 BLK 5.
- Property ID: 460128483019000022
Listed by @properties/Christie's Intl RE
Sold by Brokerworks Group
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Schools
Schools serving 124 N Woodland Ave
School District:Michigan City Area Schools
| Name | Grades | Distance |
|---|---|---|
Lake Hills Elementary School, Michigan City, IN 201 Ferguson Road, Michigan City, IN 46360 | K-6 | 1.4 mi |
Martin T Krueger Middle School 2001 Springland Avenue, Michigan City, IN 46360 | 7-8 | 1.2 mi |
Michigan City High School 8466 West Pahs Road, Michigan City, IN 46360 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 N Woodland Ave
Date
Details
Price
Change
Source
7/13/2026
Sold
$78,000
-8.24%
MLS
6/21/2026
Listed
$85,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
124 N Woodland Avenue, Michigan City, IN 46360 (MLS# 841035) is a Multi-Family property that was sold at $78,000 on July 13, 2026. Want to learn more about 124 N Woodland Avenue? 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.

