Listed price in listed location currency (USD).
$899,000

770

MLS® 830554

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3714 sqft
Garage 
Taxes $9,675
Days Active 238
Lot Size 0.0837 Acres
Approx. Age 1919
Avg. Price Per Sqft $242
MLS® Number 830554

Property Address: 514 Lake Shore Dr, Michigan City, IN, 46360-8511

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number830554
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1919
BasementUnfinished
Driveway
Garage Spaces
HeatOther
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 8, 2025List Date
$899,000List Price
  • Commute

Commute

Starting Address
Destination Address
514 Lake Shore Dr, Michigan City, IN

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