118 Dewey Street, Michigan City, IN 46360
Woods Park Add · La Porte County
Key Facts
Description
Turnkey income-producing property in Michigan City! This newly updated 3-bedroom, 1.5-bath home offers immediate cash flow, currently rented at 1,500 per month. Featuring over 1,500 square feet of living space, the home has been recently rehabbed with major improvements already completed, making it a low-maintenance addition to any investor's portfolio. The layout includes a full bath upstairs and a convenient half bath on the main level, with spacious living areas and plenty of natural light throughout. Built on solid bones with modern updates, this property provides both stability and long-term upside. Located in an established Michigan City neighborhood with easy access to local amenities, this is an ideal opportunity for investors seeking steady rental income or buyers looking to expand their portfolio with a move-in-ready asset. Choice Home warranty covers everything including appliances, HVAC, Hot water heater, and plumbing until Nov 25th 2027
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1905
Living Area
1,587 sq ft
Lot Size
0.13 acres
MLS® Listing#
837225
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Fencing
Lot Features
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$2,130
Tax year 2024
Assessed Value
$106,500
Parcel Number
460128487004000022
Directions
Going West on Michigan Blvd make a right turn onto Dewey St, the home is located on the left side
Affordability Calculator
$41,800
Estimated monthly payment
$1,112/mo
Principal $167,200 · Est. interest $233,259 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Michigan City, IN
- $282,143
- Median Listing Price
- 53
- Median Days on Market
- 1,845
- Median Sq Ft
- $160
- Median Price / Sq Ft
- 148
- Active Listings
- This home’s price is 26% below the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Michigan City, IN.
Location
Points of Interest in Michigan City, IN
Showing the Michigan City area map.
Nearby Schools
Queen of All Saints School
School · 0.3 mi away
Michigan City Area Schools
School · 0.4 mi away
Marsh Elementary School
Elementary · 0.8 mi away
A K Smith Area Career Center
Secondary · 0.9 mi away
Boys & Girls Clubs of La Porte County
School · 1.0 mi away
Joy Elementary School
Elementary · 1.0 mi away
Elston Middle School
Elementary · 1.0 mi away
Akscissory
Secondary · 1.0 mi away
Wee Care
School · 1.2 mi away
Saint Stanislaus Kostka Catholic School
School · 1.2 mi away
Krueger Middle School
Secondary · 1.2 mi away
St Paul Lutheran School
Secondary · 1.3 mi away
Michigan City Area Schools
School · 1.3 mi away
Edgewood Elementary School
Elementary · 1.3 mi away
Marquette High School
Secondary · 1.4 mi away
Lake Hills Elementary School
Elementary · 1.4 mi away
Barker Middle School
Secondary · 1.7 mi away
Ivy Tech Community College
School · 1.9 mi away
Knapp Elementary School
Elementary · 1.9 mi away
St John's Preschool
School · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 106 Crestwood Drive, Michigan City, IN | $147,900 | 3 | 2 | 1,924 |
| 105 Hancock Avenue, Michigan City, IN | $149,000 | 5 | 1 | 1,727 |
| 128 Grace Street, Michigan City, IN | $150,000 | 2 | 1 | 864 |
| 4 S 4th, Cambridge City, IN | $150,000 | 3 | 1 | 940 |
| 117 N Calumet Avenue, Michigan City, IN | $159,000 | 3 | 1 | 1,796 |
| 703 N Carroll Avenue, Michigan City, IN | $159,900 | 3 | 2 | 1,806 |
Moving Cost Estimate
EXIT Agents in Michigan City
Listing Courtesy: @properties/Christie's Intl RE - 2192432120
Presented by: Heather Conley
Last Updated: 2026-04-16