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$270,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds
See This Home
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See This Home
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This well maintained 2-story, 4-unit investment property on Franklin Street is currently Fully occupied with the average tenant length of 4+ years. Situated on a corner lot, the building offers individual entrances for each tenant and ample street parking. The upper units feature private patios, while the lower rear unit boasts an enclosed porch. With new construction just one block away, this well-located property has significant income potential. Don't miss out on this property. Sold AS IS.

Full Property Details for 1316 Franklin St

General

  • Sold For: $270,000
  • Taxes: $3,708 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: GNIAR
  • MLS ID: 815628
  • Added to Site: 349 day(s) ago

Interior

  • Number of Rooms: 16
  • Interior Features: Other
  • Appliances: Other

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Balcony

Parking

  • Parking Features: On Street

Location

  • County: La Porte
  • Township: Michigan
  • Subdivision: Land Companys Add
  • Driving Directions: Head East on Ridge Road, left onto Bur St., merge onto 80, and continue North to Michigan City. Take Exit 34B onto Franklin St., Make a right onto Williams, property on your left.

Heating & Cooling

  • Heating Type: Central

Structural Information

  • Year Built: 1873

Lot Features

  • Lot Size (Acres): 0.1069
  • Lot Size (Sq. Ft.): 4,655
  • Lot Dimensions: 49 x 95
  • Lot Features: Corner Lot

Financial Considerations

  • Tax Amount: $3,708
  • Tax Year: 2023
  • Terms: Cash, VA Loan, Conventional

Disclosures and Reports

  • Legal Description: 42-01-32-227-002 LAND CO S 1/2 LTS 1 & 4 BLK 102.
  • Property ID: 460132227002000022

Listed by Property Boss
Sold by Listing Leaders

Listing agent

— 1316 Franklin St —

  • Property Boss

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1316 Franklin St

School District:Michigan City Area Schools
NameGradesDistance
Marsh Elementary School, Michigan City, IN
400 East Homer Street, Michigan City, IN 46360
K-60.4 mi
Martin T Krueger Middle School
2001 Springland Avenue, Michigan City, IN 46360
7-82.4 mi
Michigan City High School
8466 West Pahs Road, Michigan City, IN 46360
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1316 Franklin St

Date
Details
Price
Change
Source
7/31/2025
Sold
$270,000
-9.7%
MLS
4/03/2025
Price Reduced
$299,000
-5.08%
MLS
3/10/2025
Price Reduced
$315,000
-4.55%
MLS
2/02/2025
Listed
$330,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Property Boss
Sold by Listing Leaders

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1316 Franklin Street, Michigan City, IN 46360 (MLS# 815628) is a Multi-Family property that was sold at $270,000 on July 31, 2025. Want to learn more about 1316 Franklin 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.