$899,000

514 Lake Shore Drive, Michigan City, IN 46360

  • 7 beds |
  • 7 baths |
  • 5,244 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1919
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $171/sqft
  • Property List Date Icon Listed 8 months ago

Property Description

Investors—Income Opportunity in Sheridan Beach! 7 occupied units! Well maintained property! Welcome to 514 Lakeshore Drive, Michigan City, located in the desirable Sheridan Beach neighborhood, just one block from Lake Michigan. This DSCR-friendly property offers strong potential for long-term rental income, short-term rental use (buyer to verify), or portfolio growth. Consistent rental demand is supported by proximity to Sheridan Beach, Washington Park, the marina, Uptown Arts District, Blue Chip Casino, and the South Shore Train Station, offering convenient access for commuters to Chicago. Ideal for cash, DSCR, or portfolio investors seeking an income-producing property in one of Northwest Indiana's most sought-after lakefront areas. Located 1 block away from the beach!! This is a must see in-person.

Listing Status:
Active
Date Added:
November 8, 2025
Data Last Updated:
July 6, 2026 at 7:00PM
Listing Office:
Listing Leaders Executive Real Estate Group, LLC : 219-669-6081
Listing Agent:
Kimberly Sut : 219-669-6081
MLS ID:
202545357
  • Basement: Full Basement
  • Flooring: Mixed
  • A/C: Window
  • Heating: Multiple Heating Systems
  • General: BrickWood
  • Style: Two Story
  • Other Structures: None
  • Parking: Parking spaces: 4
  • School District: Michigan City Area Schools
  • Zoning: 42-01-21-311-018 SHERIDAN BCH PK ADD E END LTS 5 & 6 BLK 546-01-21-311-018.000-022

This listing courtesy of Kimberly Sut , Listing Leaders Executive Real Estate Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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