About 514 Lake Shore Drive
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.
Features of 514 Lake Shore Drive
| MLS® # | 202545357 |
|---|---|
| Price | $885,000 |
| Bedrooms | 7 |
| Bathrooms | 7.00 |
| Full Baths | 7 |
| Square Footage | 3,714 |
| Acres | 0.08 |
| Year Built | 1919 |
| Type | Multifamily |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 514 Lake Shore Drive |
|---|---|
| Subdivision | None |
| City | Michigan City |
| County | La Porte County |
| State | IN |
| Zip Code | 46360 |
Amenities
| Features | Basement |
|---|---|
| Parking Spaces | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Mixed |
|---|---|
| Heating | Multiple Heating Systems |
| Cooling | Window |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Full Basement |
Exterior
| Exterior | Brick, Wood |
|---|---|
| Lot Description | Level |
| Construction | No |
| Foundation | Block |
School Information
| District | Michigan City Area Schools |
|---|---|
| Elementary | Lake Hills |
| Middle | Martin Krueger |
| High | Michigan City |
Additional Information
| Days on Market | 307 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Kimberly Sut |
|---|---|
| Office | Listing Leaders Executive Real Estate Group, LLC |