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
$849,900
  • 7 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$849,900

About this home

Rare 7-Unit Investment Opportunity in Sheridan Beach! Just one block from the shores of Lake Michigan, this fully occupied Studio units offers investors the chance to own an income-producing property in one of Northwest Indiana's most sought-after lakefront neighborhoods. All seven one-bedroom units are occupied, with tenants paying utilities, providing immediate rental income. Located minutes from Sheridan Beach, Washington Park, the marina, Uptown Arts District, Blue Chip Casino, and the South Shore Line with direct access to downtown Chicago, this property benefits from strong rental demand and exceptional long-term appreciation potential. Whether you're expanding your portfolio, completing a 1031 exchange, or seeking a premier Northwest Indiana investment, opportunities like this are increasingly rare. Schedule your private showing today and see why Sheridan Beach remains one of Michigan City's most desirable investment locations.

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Home facts

  • Year built:1919
  • Subdivision & Development:Sheridan Bch Park Add
  • Listing ID #:830554
  • Added:333 day(s) ago
  • Updated:October 08, 2026 at 04:22 AM

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:$849,900
  • Tax amount:$9,674 (2024)
Based on information submitted to the MLS GRID as of October 8, 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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