Save
Ask
Tour
Hide
Share
$1,020,000
9 Days On Site

514 Lake Shore Drive
Michigan City, IN 46360

For Sale|Apartment|Active
7
Beds
7
Total Baths
7
Full Baths
3,714
SqFt
$275
/SqFt
1919
Built
Subdivision:
Sheridan Bch Park Add
County:
La Porte
Listing courtesy of Kimberly Sut of Listing Leaders Executive RE kimberlysutnwi@gmail.com as distributed by MLS GRID
514 Lake Shore Drive514 Lake Shore Drive514 Lake Shore Drive514 Lake Shore Drive
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$4,654
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

Investors! - Income-Producing Opportunity 1 block from Sheridan Beach! Welcome to 514 Lakeshore Drive, Michigan City, Indiana -- a prime investment opportunity just minutes from Lake Michigan, downtown shops, and the vibrant Uptown Arts District. This property offers excellent potential for steady rental income, short-term rentals, or future redevelopment in a sought-after area near the beach and marina. Whether you're looking to expand your investment portfolio or secure your first cash-flowing property, this location provides consistent tenant demand thanks to its proximity to Blue Chip Casino, Washington Park, and the South Shore Train Station with easy access to Chicago commuters. Property Highlights: Located in the heart of Michigan City's growth corridor Walking distance to Lake Michigan beaches Minutes from shopping, dining, and entertainment Solid potential for value appreciation as redevelopment continues nearby Don't miss this opportunity to own property in one of Northwest Indiana's hottest investment markets. Updates have been made the units, roof and major mechanicals.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,020,000
Days On Site 
9 Days
Bedrooms 
7
Inside Area (SqFt) 
3,714 sqft
Total Baths 
7
Full Baths 
7
Partial Baths 
N/A
Lot Size 
0.0837 Acres
Year Built 
1919
MLS® Number 
830554
Status 
Active
Property Tax 
$9,674.7
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.0837
Levels 
Two
Pets 
No
Property Sub Type 
Apartment
Sewer 
Public Sewer
SqFt Above 
3714
Utilities 
Electricity ConnectedWater ConnectedSewer ConnectedNatural Gas Connected
Water Source 
Public
Interior Features
Appliances 
None
Basement 
Unfinished
Cooling 
Other
Heating 
Other
Save
Ask
Tour
Hide
Share
Exterior Features
Exterior 
None
Lot Features 
Other
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Financing Terms Available 
CashConventional
School District 
Michigan City
Township 
Michigan
Schools
School District
Michigan City
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Kimberly Sut of Listing Leaders Executive RE kimberlysutnwi@gmail.com as distributed by MLS GRID



Listing information is provided by Participants of the Greater Northwest Indiana Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Greater Northwest Indiana Association of REALTORS MLS.

Based on information submitted to the MLS GRID as of 2025-11-18 01:46 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share