1724 Ohio Street

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

1724 Ohio Street

Michigan City, IN 46360
Asking Price
$310K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset located in Michigan City Indiana
  • Offered for sale at a price of $310,000
  • Residential apartment building suitable for income producing investment
  • Situated in the growing LaPorte County submarket
  • Provides access to regional transit and Chicago proximity

What's Special

Priced at $310,000, this multifamily apartment building is positioned in Michigan City, Indiana. The asset represents a residential investment opportunity within a growing market along the southern shore of Lake Michigan. This region benefits from its proximity to the Chicago metropolitan area, providing residents access to regional employment hubs while maintaining a distinct community atmosphere. The property serves as a stable addition to a commercial real estate portfolio, suitable for investors looking to capture long-term rental demand in this evolving submarket. Michigan City maintains a steady economic profile supported by local industry and its position as a gateway to the Indiana Dunes. This apartment building is well-situated for management, appealing to tenants who prioritize proximity to local infrastructure and regional transit routes. The site offers potential for consistent occupancy rates given the current demand for rental housing in the area. Investors should evaluate this asset as a foundational component for residential income generation in LaPorte County.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

NOI
$80,000
Cap Rate
25.81%
DSCR
4.35
Strong
Cash-on-Cash
66.23%
Monthly Payment
$1,533.711
Annual Cash Flow
$61,595.47

Location & Travel Times