514 Lake Shore Dr, Michigan City, IN, 46360
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1919
Materials
- Foundation: Basement
- Construction materials: Brick,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full,Block
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
Features
- Flooring: Mixed
- Finished area below ground: 0
- Finished area above ground: 3,714
Heating & Cooling
- Heating features: Multiple Heating Systems
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 5,244
- Total interior livable area: 3,714 sqft
Property
Details
- Parcel number: 460121311018.000022
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 3,484 sqft
- Features: Level
- Lot size dimensions: 48x76
Parking
- Total spaces: 4