514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Kimberly Sut • Listing Leaders Executive Real Estate Group, LLC
$ 885,000
Est. payment | /mo

7 Beds

7 Baths

3,714 SqFt

Save Virtual Tour
$ 885,000
Est. payment | /mo
Save Virtual Tour

7 Beds

7 Baths

3,714 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,714 sqft

MLS Listing ID IRM202545357

Bedrooms 7

Full Baths 7

HOA Y/N No

Year Built 1919

Annual Tax Amount $1

Tax Year 9919

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 48x76

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 County

Rooms

Basement Full

Interior

Heating Multiple Heating Systems

Inclusions Building

Fireplace N

Exterior

View Y/N true

Total Parking Spaces 4

Building

Lot Description Level

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Lake Hills

Middle Schools Martin Krueger

High Schools Michigan City

School District Michigan City Area Schools

Others

Pets Allowed No

Tax ID 46-01-21-311-018.000-022

Monthly Total Fees $1

Acceptable Financing IRM202545357

Listing Terms IRM202545357

Special Listing Condition None

Pets Allowed Yes

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

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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514 Lake Shore DR

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Kegan Inman
Kegan Inman

Managing Broker Indiana RB22002037

+1(812) 798-0204 | kegan@inmanrealty.com

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