320 E 8th St, Michigan City, IN, 46360
About This Home
Great opportunity to own a 5-unit property in the heart of Michigan City, close to the new South Shore station and minutes from Washington Park and the beach! Building includes one efficiency unit, three 1-bedroom units and one 2-bedroom unit. You'll find vintage charm in the foyer with original staircase and tall ceiling. Large windows bring nice natural light into each unit. Now is your chance to scoop up a great rental investment in a dynamic location and start building your portfolio!
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1875
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 2
- 3/4 bathrooms: 3
Features
- None
- Finished area above ground: 2,945
Heating
- Heating features: Forced Air,Natural Gas
Property
Details
- Parcel number: 460129431016000022
- Special condition: None
Features
- Levels: Two
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 6,873 sqft
- Features: Back Yard,Front Yard
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
- Hail
- Inland Flooding
- Lightning
- Strong Wind
- 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 | $2,275 | $27,300 |
| Home Insurance * | $303 | $3,636 |
| Property Taxes | $776 | $9,312 |
| Electricity | $184 | $2,212 |
| Total | $3,538 | $42,456 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $450,000 |
| 2026-06-07 | Listed for sale | $495,000 |
View on Zillow