3-Bed, 2-Bath Michigan City Property — Easily Convert Back to Duplex for Strong Cash Flow
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Single Family House -
3 -
2 -
1850 -
1491 -
1491 -
No Garage
Description
1602 Franklin St, Michigan City, IN 46360
Asking Price: $110K + CC
ARV: $250K
Located just minutes from downtown, the beach, and the arts district — this solid property offers strong flexibility and income potential. Previously a 2-unit multifamily, it can easily be converted back, giving investors multiple profitable exit strategies.
💰 Multiple investment paths – rental, flip, or duplex conversion
🏡 3 bed / 2 bath / 1,491 sq ft
🔧 Plumbing and layout ready for easy 2-unit conversion
📍 Zoned multifamily (buyer to verify)
🚗 Off-street parking and solid exterior structure
✅ Great location near shops, restaurants, and Lake Michigan
✅ High rental and short-term demand area
✅ Perfect for house hackers or long-term investors
Property Sold As Is | EMD $5,000
Text or Call Marc Today to Schedule a Walkthrough!
Estimated Spread
- ARV $250,000
- Price $110,000
- Spread $140,000
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