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514 Lake Shore Drive
Michigan City, IN 46360

$950,000 - Status: Active
MLS# 830554

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.

Property Features

MLS#: 830554
Zip: 46360
Subdivision: Sheridan Bch Park Add
Development: Michigan
Property Type: Multi Unit - Multiple
Days on Site: 171
Heating: Other
Lot Size: 0.08 acres
Stories: 2.0
Year Built: 1919

Appliances

None

Feature Descriptions

Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Water: Public

Local Schools

School District: Michigan City

514 Lake Shore Drive | MLS# 830554

This multi-family property located at 514 Lake Shore Drive, Michigan City, IN 46360 is currently listed for sale with an asking price of $950,000. Lake Shore Drive is located within the Michigan City school district. Search Michigan City real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Listing Leaders Executive RE
Agency Phone: (219) 669-6081

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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