514 Lake Shore Drive, Michigan City, IN 46360
- $899,000
- 7
- BD
- 7
- BA
- List Price
- $899,000
- Price Change
- ▼ $51,000 1781318943
- Days on Market
- 262
- MLS#
- 830554
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 7
- Bathrooms
- 7
- Full-baths
- 7
- Neighborhood
- Sheridan Bch Park Add
Property Description
Rare 7-Unit Investment Opportunity in Sheridan Beach! Just one block from the shores of Lake Michigan, this fully occupied Studio units offers investors the chance to own an income-producing property in one of Northwest Indiana's most sought-after lakefront neighborhoods. All seven one-bedroom units are occupied, with tenants paying utilities, providing immediate rental income. Located minutes from Sheridan Beach, Washington Park, the marina, Uptown Arts District, Blue Chip Casino, and the South Shore Line with direct access to downtown Chicago, this property benefits from strong rental demand and exceptional long-term appreciation potential. Whether you're expanding your portfolio, completing a 1031 exchange, or seeking a premier Northwest Indiana investment, opportunities like this are increasingly rare. Schedule your private showing today and see why Sheridan Beach remains one of Michigan City's most desirable investment locations.
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Additional Information
- Taxes
- $9,674
- Acres
- 0.08
- Appliances
- None
- Basement
- Yes
- Exterior Features
- None
- Heating
- Other
- School District
- Michigan City
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
- Water
- Public
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Listing courtesy of Listing Agent: Kimberly Sut from Listing Office: Listing Leaders Executive RE.
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