205 E Garfield St, Michigan City, IN, 46360
About This Home
Up for sale is this income property which features 4 apartments and a store front. Presently all apartments are rented and gross rents are 2575 per month. The store front is vacant. This is a great central location in Michigan City near Ames Field, Dairy Queen and more. This is a great opportunity to add this property to your portfolio or begin your real estate investment catalog.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1968
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Range,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 5
Features
- None
- Finished area above ground: 3,120
Heating
- Heating features: Natural Gas
Property
Details
- Parcel number: 460133305005000022
- Special condition: None
Features
- Levels: Two
- Has view: Yes
- View description: City,Neighborhood
Lot
- Lot size: 5,074 sqft
- Features: Other
Parking
- Parking features: On Street,Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $202 | $2,424 |
| Property Taxes | $197 | $2,364 |
| Electricity | $184 | $2,212 |
| Total | $2,099 | $25,188 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-02 | Price change | $315,000 |
| 2026-04-13 | Listed for sale | $324,900 |
| 2026-03-05 | Pending sale | $324,900 |
| 2026-02-21 | Price change | $324,900 |
| 2026-02-01 | Listed for sale | $350,000 |
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