2206 MichiganMichigan City, IN 46360

Off market
$1,483,040 Estimated
  • Residential income homes
  • 5,220 SF

Property Details for 2206 Michigan

Year built
1926
Construction
WOOD
Lot size
0.15 AC
Property size (Sq ft)
5,220 SF
Property type
Residential income homes
Property subtype
Small apartment buildings
APN
46-01-27-363-011.000-022
APU
460127363011000022

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,080,174
    6.5%
    $1,920,160
    7%
    $1,783,006
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,053,853
    Geo Method
    $1,053,853
  • Alternative Use

    Use
    Valuation
    Residential
    $1,920,160
    Hospitality
    $1,758,856
    Educational
    $1,463,348
    Medical
    $1,513,675
    Retail
    $2,276,319
2206 Michigan, Michigan City, Indiana

Location Insight

City
Michigan City
County
Laporte
State
Indiana
Latitude
41.7098
Longitude
-86.8726
CBSA code
33140
CBSA name
MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,296
$15,100
$94,300
$109,400
-
$15,100
$94,300
$109,400

FAQs

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