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$849,900
Active514 Lake Shore Drive
Michigan City, IN 46360
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.
Property Details
- Heating
- Other
- Bedrooms
- 7
- Bathrooms
- 7.0
- Full Baths
- 7
- View
- Neighborhood
- Lot Features
- Other
- Stories
- 2
- Lot Description
- Other
- Acres
- 0.0837
- Property Type
- Multi-Family
- Basement
- 1
- Basement Description
- Unfinished
- Basement Finished
- 1
- Year Built
- 1919
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
- Subdivision
- Sheridan Bch Park Add
- School District
- Michigan City
- County
- La Porte
- Region
- Michigan City
- Taxes Annual
- $9,674
- MLS #
- 830554
- Property Subtype
- Quadruplex
- Waterfront
- 1
- Parcel Number
- 460121311018000022
- MLS #
- 830554
- Date Listed
- November 08, 2025
- Address
- 514 Lake Shore Drive
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: Oct 9, 2026 9:07 AM. Source: NIRAMLS
Listing Broker: Listing Leaders Executive RE; Kimberly Sut; kimberlysutnwi@gmail.com
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