Listed by Listing Leaders Executive Real Estate Group ,LLC
$899,000
514 Lake Shore Drive
Details
APN 460121311018000022
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
NOI $71,761
Year Built 1919
Acreage 0.084
Multifamily
Marketing 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.
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Listed by Listing Leaders Executive Real Estate Group ,LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,761.00
$5,980.08/mo
Valuation Metrics
0
DSCR
7.98%
Cap Rate
7.98%
ROI
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