514 Lake Shore Drive

Michigan City, IN 46360MLS# 202545357

Apartment Building

$899,000

Active

About this home

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

Interior Features

Above Grade Finished SqFt:5,244

Full Baths:7

Fireplace Description:Yes

Exterior Features

Has a Pool:No

Additional Information

Property Type:Apartment Building

Year Built:0

Status:Active

Listing Office:Listing Leaders Executive Real Estate Group, LLC

Listing Agent:Kimberly Sut

Key details

Beds:7

Baths:7 full

Sqft:5,244

Status:Active

Year Built:0

Type:Apartment Building

Schedule a Tour Call / Text: 765-210-9275

IDX information provided by the Indiana Regional MLS.

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Listing attribution: Listing Leaders Executive Real Estate Group, LLC • Kimberly Sut

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