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514 Lake Shore Drive, 
Michigan City, IN 46360

$1,020,000

7

Beds

7

Baths

-

Sq Ft

Multi-Family

Active

Listed by

Kimberly Sut

Listing Leaders Executive Re

219-669-6081

Last updated:

November 18, 2025, 03:50 PM

MLS#

830554

Source:

Northwest Indiana AOR as distributed by MLS GRID

About This Home

514 Lake Shore Drive

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.

Home Facts

Multi-Family

7 Baths

7 Bedrooms

Built in 1919

Price Summary

1,020,000

MLS #:

830554

Last Updated:

November 18, 2025, 03:50 PM

Added:

14 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

7

Structure

Structure

Year Built:

1919

Lot

Lot Size (Sq. Ft):

3,645

Finances & Disclosures

Finances

Price:

$1,020,000

Source:Northwest Indiana AOR as distributed by MLS GRID
Based on information submitted to the MLS GRID as of November 18, 2025. 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. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.