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Courtesy of Listing Leaders Executive Real Estate Group, LLC, Kimberly Sut, 219-669-6081
7 Beds
7 Baths
3,714 sqft

$885,000

514 Lake Shore Drive, Michigan City IN, 46360

Price per sqft$238.29
Built in1919
Property size3,714 sqft
Property typeCondominium

Overview

Active

Updated 2 weeks ago

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.

$5,888/mo

Est. mortgage payment based on a $885,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202545357

Interior Features

Bedrooms
7
Bathrooms
7
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Also listed on NIRA

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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 4:59 AM UTC, 9/5/2026

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