www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
15183311
15183312

3860 W Dunes Hwy, Michigan City, IN 46360

VG
IN INNN
Ascend Real Estate Advisors
Listed by Ascend Real Estate Advisors
$1,300,000
845 days on market
Updated 88 days ago

3860 W Dunes Hwy

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,448
Net Rentable (SqFt) 7,448
Units 8
Cap Rate 8.15%
NOI $105,893
Occupancy 100%
Price per SqFt $175
Class B
Year Renovated 2022
Buildings 2
Stories 2
Investment Type Stabilized
Sale Condition For sale by owner

Multifamily | 8 Units | $162,500/unit

Marketing description

This asset is 100% leased and has a commercial space that comes with a liqour license. The commercial space is currently vacant - perfect for an owner user. The property is located right in the Indiana Dunes minutes from Lake Michigan beaches. Rental income could be doubled by going Air B And B. All the units have been fully remodeled except two that had existing tenants. All the HVAC units are brand new as well for each apartment. Bathrooms in all the apartments are all high end with full surround tile. Exterior of the building has been painted and the grounds have been maintained exceptionally. The property also comes with a 600sf detached garage in the rear of the property that has its own electric, electric garage door and all new roof. GREAT INVESTMENT PROPERTY.

Listing Contacts

VG
IN INNN
Ascend Real Estate Advisors
Listed by Ascend Real Estate Advisors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,893.00
$8,824.42/mo

Valuation Metrics

0
DSCR
8.15%
Cap Rate
8.15%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Vladimir Ganz
License
INNN
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591