1012 Elston Street Michigan City, IN 46360

Multi-Family (2-4 Units) MLS #: 816048 Courtesy Of NWI Pro Services Inc. dba RE/MAX Lifestyles

$124,900

5 beds | 3 baths
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Est. Property Tax: $2,070
Estimated monthly payments: $718/mo.* (recalculate)

Property InformationDescription

Great investment opportunity! This 5-bedroom, 3-bathroom, two-story triplex is an excellent addition to any investor's portfolio. The property consists of three separate units, two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit providing flexible rental options. Located directly across the street from a fire station, this property offers convenience and security for tenants. When fully rented, estimated gross rental income is approximately 2,700-2,800 per month, making this a high-potential income-generating asset. The two-story layout provides ample space, and with some minor updates or improvements, rental rates could potentially be increased, maximizing returns. Whether you're looking for a long-term investment or a multi-unit property to live in while renting out additional units, this triplex offers strong potential.

Features

  • Age: Over 50 Years Old
  • Amenities: Ceiling Fan
  • Appliances: Range, Range - Gas
  • Architecture Style: Other
  • Heating System: Forced Air
  • Lot Size: 0.12 Acres
  • Rooms: Basement

MAP & DIRECTIONS

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1012 Elston Street, Michigan City, IN 46360
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School Information

1012 Elston Street, Michigan City, IN 46360

Elementary School
Grades PK-6 | Public School
PINE ELEMENTARY SCHOOL
Michigan City, IN 46360
1660 Co Line Rd
219.­873.2114
Distance: 3.0 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
429
Middle School
Grades 7-8 | Public School
BARKER MIDDLE SCHOOL
Michigan City, IN 46360
319 Barker Rd
219.­873.2057
Distance: 1.9 mi
School Rating
D-
Student:Teacher Ratio
10:1
Total Students
418
High School
Grades 9-12 | Public School
MICHIGAN CITY HIGH SCHOOL
Michigan City, IN 46360
8466 W Pahs Rd
219.­873.2044
Distance: 3.1 mi
School Rating
D+
Student:Teacher Ratio
14:1
Total Students
1560
Other Nearby Schools Distance Type Grades School Rating
Marquette Catholic High School 0.1 mi Private 9-12
St Stanislaus School 0.4 mi Private KG-8
St Paul Lutheran School 0.4 mi Private KG-8
A K Smith Area Career Center 0.6 mi Public 9-12
Marsh Elementary School 0.7 mi Public KG-6 B-
Knapp Elementary School 1.0 mi Public KG-6 B+
Edgewood Elementary School 1.6 mi Public KG-6 C+
Lake Hills Elementary School 1.6 mi Public KG-6 D+
Queen Of All Saints School/diocese 1.6 mi Private PK-8
Joy Elementary School 1.9 mi Public KG-6 C+
Krueger Middle School 2.8 mi Public 7-8 C+
Coolspring Elementary School 4.3 mi Public KG-6 C-
Notre Dame Catholic School/diocese 4.4 mi Private PK-8
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Michigan City, IN 46360

Median Age: 41
Married: 36%
Number of Households: 18,163
Households with Children: 23.7%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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.