105 Hancock Avenue, Michigan City, IN 46360

• 5 beds |
• 1 bath |
• 1,727 sqft

Property Description

Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with additional upside potential for future growth. A spacious 5 BR 1 BA home offers over 1,700 square feet of living space and presents a strong investment opportunity with a long-term tenant already in place. The home features a functional layout with two bedrooms on the main level and three additional bedrooms upstairs, along with a main-floor bathroom and convenient laundry area. An enclosed front porch and rear entryway add extra usable space. The current tenant has occupied the property for many years, providing stability and consistent income, with a lease secured through March 31, 2027. The tenant is responsible for utilities, Landlord covers taxes and insurance, simplifying management. Ideally located in the economically developing Michigan City area near the Lake Michigan shoreline and the South Shore Rail Line to Chicago, this property is well-positioned for possible long-term appreciation. Showings are available Saturdays at 11:00 AM and Wednesdays at 4:00 PM, in consideration of the tenant. Schedule your in-person or virtual tour today to secure this generously sized, nicely performing investment.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 7:21AM

Listing Office:

RE/MAX Lifestyles : (219) 462-2121

Listing Agent:

Matt Evans :

MLS ID:

817470

Interior

• General: Ceiling Fan(s)Eat-in Kitchen
• Rooms: Bedroom 2Other RoomPrimary BedroomLiving RoomLaundryKitchenBedroom 5Bedroom 4Bedroom 3
• Appliances: RangeRange Hood
• Basement: Crawl Space
• Heating: Forced AirNatural Gas

Exterior

• General: None

Construction

• General: One and One Half

Location

• Originating MLS: nira
• School District: Michigan City
• County: La Porte

Lot

• Zoning: 42-01-31-230-011 BLAIRS PARK LTS 44 & 45 BLK 5.460131230011000022
• View: CityNeighborhood

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: nira