About 105 Hancock Avenue
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.
Features of 105 Hancock Avenue
| MLS® # | 817470 |
|---|---|
| Price | $149,000 |
| Bedrooms | 5 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,727 |
| Acres | 0.14 |
| Year Built | 1889 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 105 Hancock Avenue |
|---|---|
| Subdivision | N/A |
| City | Michigan City |
| County | La Porte |
| State | IN |
| Zip Code | 46360 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Eat-in Kitchen |
|---|---|
| Appliances | Range, Range Hood |
| Heating | Forced Air, Natural Gas |
| Fireplace | No |
| Has Basement | No |
| Basement | Crawl Space |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Back Yard |
School Information
| District | Michigan City |
|---|
Additional Information
| Date Listed | March 14th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Matt Evans |
|---|---|
| Office | RE/MAX Lifestyles |