514 Lake Shore Drive, Michigan City, IN 46360

Michigan City
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: kimberly sut
Office: listing leaders executive re219-669-6081
MLS#:830554
Source:Northwest Indiana AOR as distributed by MLS GRID
514 Lake Shore Drive,Michigan City, IN 46360
$950,000
  • 7 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$950,000

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 #:830554
  • Added:196 day(s) ago
  • Updated:May 24, 2026 at 02:34 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Full bathrooms:7
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1919
  • Lot area:0.08 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$950,000
  • Tax amount:$9,674 (2024)
Based on information submitted to the MLS GRID as of May 24, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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