514 Lake Shore Drive, Michigan City, IN 46360

Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: kimberly sut
Office: listing leaders executive re
MLS#:830554
Source:Northwest Indiana AOR as distributed by MLS GRID
514 Lake Shore Drive,Michigan City, IN 46360
$1,020,000
  • 7 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,020,000

About this home

Investors! - Income-Producing Opportunity 1 block from Sheridan Beach! Welcome to 514 Lakeshore Drive, Michigan City, Indiana -- a prime investment opportunity just minutes from Lake Michigan, downtown shops, and the vibrant Uptown Arts District. This property offers excellent potential for steady rental income, short-term rentals, or future redevelopment in a sought-after area near the beach and marina. Whether you're looking to expand your investment portfolio or secure your first cash-flowing property, this location provides consistent tenant demand thanks to its proximity to Blue Chip Casino, Washington Park, and the South Shore Train Station with easy access to Chicago commuters. Property Highlights: Located in the heart of Michigan City's growth corridor Walking distance to Lake Michigan beaches Minutes from shopping, dining, and entertainment Solid potential for value appreciation as redevelopment continues nearby Don't miss this opportunity to own property in one of

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Home facts

  • Year built:1919
  • Listing ID #:830554
  • Added:4 day(s) ago
  • Updated:November 13, 2025 at 03:36 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Full bathrooms:7

Structure and exterior

  • Year built:1919
  • Lot area:0.08 Acres

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,020,000
  • Tax amount:$9,674 (2024)
Based on information submitted to the MLS GRID as of November 13, 2025. 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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