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!
Active
$85,000
124 N Woodland Ave, Michigan City, IN 46360
4beds
--sqft
Duplex
Built in 1924
-- sqft lot
$130,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 3 days |
- 469 |
- 26 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Erica Miller,
@properties/Christie's Intl RE 219-243-2120
Source: NIRA as distributed by MLS GRID,MLS#: 841035
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: None
Features
- Eat-in Kitchen, High Ceilings
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Finished area above ground: 1,664
Property
Parking
- Parking features: Alley Access, On Street
Features
- Levels: Two
- Patio & porch: Front Porch
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 3,920 Acres
- Features: Rectangular Lot
Details
- Parcel number: 460128483019000022
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- Fixer
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Michigan City
Financial & listing details
- Tax assessed value: $84,400
- Annual tax amount: $1,832
- Date on market: 6/21/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$130,100
$96,000 - $165,000
$1,062/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/21/2026 | Listed for sale | $85,000 |
Source:  NIRA as distributed by MLS GRID #841035 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,862 +31.5% | $84,400 -9.3% |
| 2024 | $1,416 +6.1% | $93,100 +31.5% |
| 2023 | $1,334 +36.1% | $70,800 +6.1% |
| 2022 | $980 -16.9% | $66,700 +36.1% |
| 2021 | $1,180 -0.7% | $49,000 -16.9% |
| 2020 | $1,188 -8.5% | $59,000 -0.7% |
| 2019 | $1,298 +31.4% | $59,400 -1.2% |
| 2018 | $988 -3.1% | $60,100 +35.4% |
| 2017 | $1,020 | $44,400 -3.5% |
| 2016 | $1,020 +0.8% | $46,000 -8.7% |
| 2014 | $1,012 -1% | $50,400 -1.4% |
| 2013 | $1,022 | $51,100 -6.4% |
| 2010 | -- | $54,600 +106% |
| 2006 | $585 | $26,500 -38.8% |
| 2005 | -- | $43,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46360
Nearby schools
GreatSchools rating
- 3/10Lake Hills Elementary SchoolGrades: K-6Distance: 1.4 mi
- 5/10Martin T Krueger Middle SchoolGrades: 7-8Distance: 1.2 mi
- 3/10Michigan City High SchoolGrades: 9-12Distance: 2.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Indiana
- La Porte County
- Michigan City
- 46360
- 124 N Woodland Ave
Nearby cities
Nearby zip codes
Other Michigan City Topics
