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$ 1,020,000
Est. payment /mo
New
514 Lake Shore DR Michigan City, IN 46360
7 Beds
7 Baths
3,648 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $279
Subdivision Sheridan Bch Park Add
MLS Listing ID 830554
Bedrooms 7
Full Baths 7
Year Built 1919
Annual Tax Amount $9,674
Tax Year 2024
Lot Size 3,645 Sqft
Acres 0.0837
Property Sub-Type Apartment
Property Description
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 Northwest Indiana's hottest investment markets. Updates have been made the units, roof and major mechanicals.
Location
State IN
County La Porte
Interior
Interior Features None
Heating Other
Fireplace N
Appliance None
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Other
Story Two
Schools
School District Michigan City
Others
Tax ID 460121311018000022
SqFt Source Assessor
Acceptable Financing NRA20251108011350024482000000
Listing Terms NRA20251108011350024482000000
Pets Allowed No
Listed by Listing Leaders Executive RE