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$950,000
Est. payment /mo
7 Beds
7 Baths
3,648 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $260
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 Apartment
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
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
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Listed by Listing Leaders Executive RE • Kimberly Sut
Nearby Locations
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