46
See all 46 photos
$899,000
Est. payment /mo
7 Beds
7 Baths
3,648 SqFt
Price Dropped by $51K
514 Lake Shore DR Michigan City, IN 46360
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $246
Subdivision Sheridan Bch Park Add
MLS Listing ID 830554
Bedrooms 7
Full Baths 7
Year Built 1919
Annual Tax Amount $9,674
Tax Year 2024
Lot Size 3,645 Sqft
Acres 0.0837
Property Sub-Type Quadruplex
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.
Location
State IN
County La Porte
Interior
Interior Features None
Heating Other
Fireplace N
Appliance None
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Other
Story Two
Schools
School District Michigan City
Others
Tax ID 460121311018000022
SqFt Source Assessor
Acceptable Financing NRA20251108011350024482000000
Listing Terms NRA20251108011350024482000000
Pets Allowed No
Listed by Listing Leaders Executive RE • Kimberly Sut
NEARBY SCHOOL & BUSINESS
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