Front exterior image of 514 Lake Shore Drive with the headline "7-Unit Investment Opportunity • One Block from Lake Michigan • Schedule Your Private Tour."7 Reasons This Sheridan Beach Apartment Building Should Be Your Next Investment

Investment opportunities this close to Lake Michigan don't come along often. If you've been looking for an income-producing property in Northwest Indiana, 514 Lake Shore Drive in Michigan City deserves a place at the top of your list.

This fully occupied seven-unit apartment building combines immediate rental income with one of the area's most desirable locations—just one block from Lake Michigan.

1. Prime Sheridan Beach Location

Location drives long-term value, and this property sits in the heart of Sheridan Beach. Residents enjoy quick access to the shoreline, Washington Park, the marina, restaurants, entertainment, and the South Shore Line to Chicago.

2. Seven Income-Producing Apartments

The building includes seven one-bedroom apartments, all currently occupied, allowing a new owner to step into an established investment property.

3. Strong Rental Demand

Michigan City's continued growth, tourism, commuter access, and lakefront lifestyle help support demand for rental housing in this area.

4. Immediate Income Potential

Instead of spending months renovating before collecting rent, this property offers existing occupancy with possession subject to tenant rights.

5. Lake Michigan Lifestyle

Few apartment buildings offer tenants the opportunity to walk to the beach in just minutes. That lifestyle helps set this property apart from many competing rental properties.

6. Long-Term Appreciation Potential

Sheridan Beach continues to be one of Michigan City's most sought-after neighborhoods. Limited inventory near Lake Michigan makes properties like this increasingly difficult to replace.

7. Rare Opportunity

Apartment buildings with seven units in this location rarely come to market. Whether you're expanding your portfolio, completing a 1031 Exchange, or purchasing your first multifamily investment, this property deserves a closer look.

Schedule Your Private Tour Today

Photos are only the beginning. To truly appreciate this investment opportunity, schedule your private showing and walk the property in person.

Don't wait for another investor to secure this rare Sheridan Beach apartment building.

📍 514 Lake Shore Drive
Michigan City, Indiana

📞 Kimberly Sut Group
(219) 789-1987

Schedule your private showing today before this opportunity is gone.