514 Lake Shore Drive, Michigan City, IN 46360
- $899,000
- 7
- BD
- 7
- BA
- 5,244
- SqFt
- List Price
- $899,000
- Status
- ACTIVE
- MLS#
- 202545357
- Days on Market
- 263
- Price Change
- ▼ $51,000 1781318956
- Style
- Two Story
- Year Built
- 1919
- Days On Market
- 263
- Bedrooms
- 7
- Bathrooms
- 7
- Living Area
- 5,244
- Above grade
- 3714
- Township
- Michigan
Property Description
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.
Additional Information
- Acres
- 0.08
- Taxes
- $1
- Exterior
- Brick, Wood
- Heating
- Multiple Heating Systems
- Cooling
- Window
- Appliances
- Building
- Flooring
- Mixed
- Amenities
- Basement
- School District
- Michigan City Area Schools
- Elementary School
- Lake Hills
- Middle School
- Martin Krueger
- High School
- Michigan City
- Agent Name
- Kimberly Sut
Listing courtesy of Kimberly Sut from Listing Leaders Executive Real Estate Group, LLC. 219-669-6081
IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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