514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
514 Lake Shore DR, Michigan City, IN 46360
46
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$849,900
Est. payment /mo
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7 Beds
7 Baths
3,648 SqFt
Price Dropped by $35K

514 Lake Shore DR Michigan City, IN 46360

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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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 $232

Subdivision Sheridan Bch Park Add

MLS Listing ID 830554

Bedrooms 7

Full Baths 7

HOA Y/N No

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

Rooms

Basement Unfinished

Interior

Interior Features None

Heating Other

Fireplace N

Appliance None

Exterior

Exterior Feature None

View Y/N true

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Building

Lot Description Other

Story Two

Sewer Public Sewer

Water Public

Level or Stories 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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Dennis & Karen

Dennis & Karen

Agent

+1(219) 213-3346

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