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$950,000
3,714
square ft

514 Lake Shore Drive
Michigan City, Indiana 46360

Price Change / MLS #830554 / Multiple Family / Michigan City
Listing information updated 3/2/2026 at 5:04pm
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.
Basement:
Unfinished
Water Front:
No
Square Feet:
3,714
Lot Size:
0.0837 Acres
Acreage:
0.0837
Built:
1919
Cooling System:
Other
Current Net Income:
$96,000
Tax Amount:
$9,674
Tax Year:
2024
Zip Code:
46360
City:
Michigan City
County:
La Porte

Listing Email: kimberlysutnwi@gmail.com

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/2/2026 at 5:04pm. 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.

Michigan City

Michigan City, IN

With pristine beaches and close proximity to both the Indiana Dunes and the south shore of Lake Michigan, Michigan City has it all. Home to the Old Michigan City Light, the community boasts one of the last remaining and oldest lighthouses in Indiana. Today, the Michigan City Historical Society opera...
$260,864
Average Sale Price
51
Average Days On The Market
93%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 514 Lake Shore Drive, Michigan City, IN 46360
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514 Lake Shore Drive, Michigan City, IN 46360 is a multiple family currently listed at $950,000. This multiple family has been listed on @properties Christie's International Real Estate since November 8th, 2025 and was built in 1919.

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@properties Christie’s International Real Estate, the @properties Christie’s International Real Estate’s logo, and other various trademarks, logos, designs, and slogans herein are the registered and unregistered trademarks of At World Properties, LLC d/b/a @properties Christie’s International Real Estate.
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