105 Hancock Ave, Michigan City, IN, 46360
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1889
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range,Range Hood
Basement
- Basement: Crawl Space
Bedroom2
- Area: 70.15
- Dimensions: 11.5 x 6.1
Bedroom3
- Area: 131.89
- Dimensions: 12.1 x 10.9
Bedroom4
- Area: 168.32
- Dimensions: 13.9 x 12.11
Bedroom5
- Area: 150.96
- Dimensions: 14.8 x 10.2
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s),Eat-in Kitchen
- Finished area above ground: 1,727
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 1,727
- Total interior livable area: 1,727 sqft
Kitchen
- Area: 120
- Dimensions: 12.0 x 10.0
Laundry
- Area: 69.04
- Dimensions: 11.3 x 6.11
Living Room
- Area: 204.24
- Dimensions: 14.8 x 13.8
Other
- Area: 143.56
- Dimensions: 19.4 x 7.4
Primary Bedroom
- Area: 166.6
- Dimensions: 14.0 x 11.9
Property
Details
- Parcel number: 460131230011000022
- Special condition: None
Features
- Levels: One and One Half
- Exterior features: None
- Has view: Yes
- View description: City,Neighborhood
Lot
- Lot size: 6,250 sqft
- Features: Back 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
- 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 | $753 | $9,036 |
| Home Insurance * | $100 | $1,200 |
| Property Taxes | $252 | $3,024 |
| Electricity | $184 | $2,212 |
| Total | $1,289 | $15,468 |
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 |
|---|---|---|
| 2025-06-25 | Price change | $149,000 |
| 2025-04-09 | Price change | $154,000 |
| 2025-03-14 | Listed for sale | $159,000 |
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