514 Lake Shore Drive, Michigan City, IN 46360

Michigan City
Local realty services provided by:ERA First Advantage Realty, Inc.
514 Lake Shore Drive,Michigan City, IN 46360
$950,000
Virtual Tour
  • 7 Beds
  • 7 Baths
  • 3,714 sq. ft.
  • Multi-family
  • Active
Listed by: kimberly sut
Office: listing leaders executive real estate group, llc.
MLS#:202545357
Source:Indiana Regional MLS

Price summary

  • Price:$950,000
  • Price per sq. ft.:$181.16

About this home

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.

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Home facts

  • Year built:1919
  • Listing ID #:202545357
  • Added:146 day(s) ago
  • Updated:April 03, 2026 at 03:04 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Full bathrooms:7
  • Flooring:Mixed
  • Basement Description:Full Basement
  • Living area:3,714 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Multiple Heating Systems

Structure and exterior

  • Year built:1919
  • Building area:3,714 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Brick, Wood
  • Levels:2 Stories

Schools

  • High school:Michigan City
  • Middle school:Martin Krueger
  • Elementary school:Lake Hills

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$950,000
  • Price per sq. ft.:$181.16
  • Tax amount:$1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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