514 Lake Shore Drive, Michigan City, IN 46360
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514 Lake Shore Drive, Michigan City, IN 46360
514 Lake Shore Drive, Michigan City, IN 46360
514 Lake Shore Drive, Michigan City, IN 46360
514 Lake Shore Drive, Michigan City, IN 46360
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Monica Proenza

Monica Proenza

+1(812) 558-6941
Listed by Kimberly Sut • Listing Leaders Executive Real Estate Group, LLC
$ 899,000
Est. payment /mo
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Price Dropped by $51K

514 Lake Shore Drive Michigan City, IN 46360

7 Beds

7 Baths

3,714 SqFt

UPDATED:

Key Details

Property Type Condo, Other Rentals

Sub Type Apartment Building

Listing Status Active

Purchase Type For Sale

Square Footage 3,714 sqft

MLS Listing ID 202545357

Style Two Story

Bedrooms 7

Full Baths 7

Abv Grd Liv Area 3,714

Total Fin. Sqft 3714

Year Built 1919

Annual Tax Amount $1

Tax Year 9919

Lot Size 3,484 Sqft

Property Sub-Type Apartment Building

Property Description

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.

Location

State IN

County La Porte County

Area La Porte County

Direction From US 12 E turn left toward Franklin St, Franklin St turns right and becomes Lake Shore Dr. Home will be on the left.

Rooms

Dining Room 0

Interior

Flooring Mixed

Appliance Building

Laundry , 4

Exterior

Amenities Available Basement

Total Parking Spaces 4

Building

Lot Description Level

Story 2

Structure Type Brick,Wood

New Construction No

Schools

Elementary Schools Lake Hills

Middle Schools Martin Krueger

High Schools Michigan City

School District Michigan City Area Schools

Others

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202545357

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS

Nearby Locations

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514 Lake Shore Drive