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206 Hilltop Ave, Michigan City, IN, 46360

4beds
5baths
2,856sqft
$965,000
$338price/sqft
$6,524/moest. monthly cost
$260,960/yrincome needed

About This Home

Incredible and rare Income-Producing Sheridan Beach vacation rental. Fully stabilized, this beautiful, high-demand LAKE VIEW property produces 85,000 in documented gross rental income on a rolling 12 months as of May 2026 with opportunity to earn even more with more available dates. Many bookings already for 2026. All the hard work is done so you can walk into this Turn-Key high-performing vacation rental with PROVEN income-producing history during peak and non-peak seasons. The home itself is a custom-built gem perched high on top of a dune, offering panoramic views of Lake Michigan, Washington Park, and Chicago. Renters love the open concept, generous parking including 2.5 car garage, fully-stocked kitchen with newer stainless steel appliances, and full bathrooms in each bedroom. Built for utility and enjoyment, this property delivers a memorable experience. Other features include generous outdoors space and close access to community staircase that makes a short five minute walk to the beach and short trip to two local restaurants, Blue Chip Casino, and Downtown Michigan City. New Roof in 2025 and new furnace with whole house humidifiers and Ecobee thermostats in 2026. Property has been personally managed with professional cleaning to establish glowing online reputation with many positive reviews. Owner will assist purchaser with transition during upcoming rental season to owner's online rental platforms and cleaners. All furnishings and decor included except for two cabinets. Generate great passive income and own a property with unique features that you can enjoy as well!

Getting Around

19
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

4/10
5/10
3/10
Michigan City High SchoolGrades 9-123.8 mi

Construction

Condition

  • Year built: 2002

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Microwave,Electric Range,Dishwasher
  • Laundry features: Gas Dryer Hookup,Washer Hookup,Upper Level

Basement

  • Basement: Crawl Space

Bedroom2

  • Area: 140
  • Dimensions: 14.0 x 10.0

Bedroom3

  • Area: 170
  • Dimensions: 17.0 x 10.0

Bedroom4

  • Area: 221
  • Dimensions: 17.0 x 13.0

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 5

Dining Room

  • Area: 99
  • Dimensions: 11.0 x 9.0

Features

  • Double Vanity,Kitchen Island,High Ceilings,Eat-in Kitchen
  • Number of fireplaces: 1
  • Fireplace features: Electric,Living Room
  • Fireplace: Yes
  • Finished area above ground: 2,856

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,856
  • Total interior livable area: 2,856 sqft

Kitchen

  • Area: 255
  • Dimensions: 15.0 x 17.0

Living Room

  • Area: 423
  • Dimensions: 23.5 x 18.0

Other

  • Area: 180
  • Dimensions: 20.0 x 9.0

Primary Bedroom

  • Area: 255
  • Dimensions: 15.0 x 17.0

Utility Room

  • Area: 45
  • Dimensions: 5.0 x 9.0

Property

Details

  • Parcel number: 460121312008000022
  • Special condition: Agent Owned

Features

  • Levels: Two
  • Has view: Yes
  • View description: Lake,Park/Greenbelt,Neighborhood
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Beach Access,Lake Front

Lot

  • Lot size: 5,131 sqft
  • Features: Back Yard,Landscaped,Front Yard

Parking

  • Total spaces: 2.5
  • Parking features: Garage Door Opener,Garage Faces Front,Driveway,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2.5
  • Covered spaces: 2.5
  • Has uncovered spaces: Yes