402 Sheridan Ave, Michigan City, IN, 46360
About This Home
INVESTOR SPECIAL! Turn your vision into a lucrative cash-flowing asset with the closest Michigan City home to Mt. Baldy in the Indiana Dunes National Park. This 1 bed, 1 bath fixer-upper boasts great bones and sits on a large triple-lot package totaling just under 0.5 acres. The newer pole barn built just a few years ago provides the perfect secure storage for boats, jet skis, and summer toys, or it could easily be finished into extra guest sleeping space or the ultimate gaming hangout garage. Location is unbeatable for vacationers. Your guests will enjoy immediate proximity to pristine Lake Michigan beaches, vibrant downtown shopping, local dining, and the South Shore Line train for effortless Chicago commuting. With two adjacent vacant lots included, you have incredible space to expand, build, or create the ultimate outdoor oasis. Bring your tool belt and claim this high-potential rental package before it is gone!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1951
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- None
- Finished area above ground: 0
Heating
- Heating features: Natural Gas
Interior Area
- Total structure area: 0
Kitchen
- Level: Main
- Area: 72
- Dimensions: 9.0 x 8.0
Laundry
- Level: Main
- Area: 50
- Dimensions: 10.0 x 5.0
Living Room
- Level: Main
- Area: 110
- Dimensions: 11.0 x 10.0
Primary Bedroom
- Level: Main
- Area: 80
- Dimensions: 10.0 x 8.0
Property
Details
- Parcel number: 460131205030000022
- Special condition: None
Features
- Levels: One
- Fencing: Fenced,Partial
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 0.44 Acres
- Features: Back Yard,Near Public Transit,Corner Lot
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 | $429 | $5,148 |
| Home Insurance * | $57 | $684 |
| Property Taxes | $135 | $1,620 |
| Electricity | $184 | $2,212 |
| Total | $805 | $9,660 |
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 |
|---|---|---|
| 2026-08-11 | Pending sale | $85,000 |
| 2026-06-29 | Listed for sale | $85,000 |
| 2004-04-16 | Sold | $22,000 |
View on Zillow