Real Estate Investment Properties for Sale in Michigan City, IN

Looking for investment property in Michigan City, IN with high ROI ?

Explore a variety of short-term homes & houses in Michigan City, IN. Invest wisely with VRBO & Michigan City, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Michigan City, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
106 1/2 California Avenue Michigan City, IN Perfect little beach hideaway with a sunny disposition located on the beachside off Lakesh...	2 beds \| 1 baths \| 972 sq.ft.	$369,500	Airbnb cash on cash: 2.29% Traditional cash on cash: 1.05% Airbnb Rental Income: $2363 Traditional Rental Income: $1353 Airbnb ROI: 2.29% Traditional ROI: 1.05%
7421 W Johnson Road Michigan City, IN Welcome to your dream investment opportunity with this Charming Remodeled Duplex in Michig...	3 beds \| 2 baths \| 1,370 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $1825 Airbnb ROI: N/A Traditional ROI: 5.88%
321 S Park Street Michigan City, IN This beautifully remodeled ranch home, built in 2005 offers a perfect blend of modern upda...	4 beds \| 3 baths \| 2,453 sq.ft.	$368,000	Airbnb cash on cash: 8.7% Traditional cash on cash: 6.5% Airbnb Rental Income: $4628 Traditional Rental Income: $2909 Airbnb ROI: 8.7% Traditional ROI: 6.5%
1441 N Wozniak Road Michigan City, IN Fabulous country living with room for everyone is yours in this sprawling 5 BR, 3 bath bi-...	5 beds \| 3 baths \| 3,866 sq.ft.	$629,000	Airbnb cash on cash: 7.24% Traditional cash on cash: 3.83% Airbnb Rental Income: $6399 Traditional Rental Income: $3141 Airbnb ROI: 7.24% Traditional ROI: 3.83%
1413 Larain Drive Michigan City, IN Elevate your lifestyle with our exclusive NEW CONSTRUCTION 2-Story LaRain Estates Town Hom...	2 beds \| 2 baths \| 1,120 sq.ft.	$239,900	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $2363 Traditional Rental Income: $1770 Airbnb ROI: 5.6% Traditional ROI: 5.55%
1417 Larain Drive Michigan City, IN Elevate your lifestyle with our exclusive NEW CONSTRUCTION 2-Story LaRain Estates Town Hom...	2 beds \| 2 baths \| 1,120 sq.ft.	$239,900	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $2363 Traditional Rental Income: $1770 Airbnb ROI: 5.6% Traditional ROI: 5.55%
1419 Larain Drive Michigan City, IN Elevate your lifestyle with our exclusive NEW CONSTRUCTION 2-Story LaRain Estates Town Hom...	2 beds \| 2 baths \| 1,120 sq.ft.	$239,900	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $2363 Traditional Rental Income: $1770 Airbnb ROI: 5.6% Traditional ROI: 5.55%
1415 Larain Drive Michigan City, IN Elevate your lifestyle with our exclusive NEW CONSTRUCTION 2-Story LaRain Estates Town Hom...	2 beds \| 2 baths \| 1,120 sq.ft.	$239,900	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $2363 Traditional Rental Income: $1770 Airbnb ROI: 5.6% Traditional ROI: 5.55%
1411 Larain Drive Michigan City, IN Elevate your lifestyle with our exclusive NEW CONSTRUCTION 2-Story LaRain Estates Town Hom...	2 beds \| 2 baths \| 1,120 sq.ft.	$239,900	Airbnb cash on cash: 5.6% Traditional cash on cash: 5.55% Airbnb Rental Income: $2363 Traditional Rental Income: $1770 Airbnb ROI: 5.6% Traditional ROI: 5.55%
816 Washington Park Boulevard Michigan City, IN Lot 179B - Aries Model! Welcome to the highly anticipated new phase of Beachwalk! The Arie...	5 beds \| 4 baths \| 2,515 sq.ft.	$888,000	Airbnb cash on cash: 4.21% Traditional cash on cash: 2.01% Airbnb Rental Income: $6399 Traditional Rental Income: $3326 Airbnb ROI: 4.21% Traditional ROI: 2.01%
826 Washington Park Boulevard Michigan City, IN Lot 184B - Jasmine Model! Welcome to the highly anticipated new phase of Beachwalk! The Ja...	5 beds \| 3 baths \| 2,775 sq.ft.	$959,000	Airbnb cash on cash: 3.57% Traditional cash on cash: 1.29% Airbnb Rental Income: $6399 Traditional Rental Income: $3117 Airbnb ROI: 3.57% Traditional ROI: 1.29%
3335 Lasalle Trail Michigan City, IN Duneland Beach Mid-Century Revival at its BEST! New updates as of November 25, 2024! Gre...	5 beds \| 6 baths \| 3,373 sq.ft.	$1,599,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 2.53% Airbnb Rental Income: $6399 Traditional Rental Income: $5976 Airbnb ROI: 1.97% Traditional ROI: 2.53%
820 Washington Park Boulevard Michigan City, IN Aries Model! Welcome to the highly anticipated new phase of Beachwalk! The Aries features ...	5 beds \| 4 baths \| 2,515 sq.ft.	$955,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 1.7% Airbnb Rental Income: $6399 Traditional Rental Income: $3290 Airbnb ROI: 3.79% Traditional ROI: 1.7%
816 W 4th Street Michigan City, IN Talk about the perfect location! Very eclectic property, sold turnkey. Prime location with...	3 beds \| 2 baths \| 1,579 sq.ft.	$275,000	Airbnb cash on cash: 6.6% Traditional cash on cash: 6.74% Airbnb Rental Income: $2965 Traditional Rental Income: $2318 Airbnb ROI: 6.6% Traditional ROI: 6.74%
1910 Monrovia Drive Michigan City, IN Discover the charm of this beautifully restored 2-bedroom, 1-bathroom home just a stone's ...	2 beds \| 1 baths \| 1,100 sq.ft.	$455,000	Airbnb cash on cash: 2% Traditional cash on cash: 1.09% Airbnb Rental Income: $2363 Traditional Rental Income: $1394 Airbnb ROI: 2% Traditional ROI: 1.09%
481 Boyd Circle Michigan City, IN Rare Find!! Location location location - 55 Minutes to Downtown Chicago - 10 Minutes to Ne...	4 beds \| 3 baths \| 2,852 sq.ft.	$360,000	Airbnb cash on cash: 9.08% Traditional cash on cash: 7.68% Airbnb Rental Income: $4628 Traditional Rental Income: $3194 Airbnb ROI: 9.08% Traditional ROI: 7.68%
3292 W 700 N Michigan City, IN Charming Country Living on 10 Acres! This 3-bedroom, 1.5-bath home offers the perfect blen...	3 beds \| 2 baths \| 1,640 sq.ft.	$345,000	Airbnb cash on cash: 5.54% Traditional cash on cash: 5.39% Airbnb Rental Income: $2965 Traditional Rental Income: $2235 Airbnb ROI: 5.54% Traditional ROI: 5.39%
2232 W 800 N Michigan City, IN Serenity & the laid-back country lifestyle await in this adorable 1.5-story home with deta...	3 beds \| 2 baths \| 1,608 sq.ft.	$398,900	Airbnb cash on cash: 4.55% Traditional cash on cash: 4.45% Airbnb Rental Income: $2965 Traditional Rental Income: $2244 Airbnb ROI: 4.55% Traditional ROI: 4.45%
3541 Calumet Trail Michigan City, IN Welcome to your fairy tale! Nestled among sturdy trees just steps from Duneland Beach Park...	5 beds \| 2 baths \| 2,172 sq.ft.	$1,400,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 0.48% Airbnb Rental Income: $6399 Traditional Rental Income: $2583 Airbnb ROI: 2.45% Traditional ROI: 0.48%
319 Hoyt Street Michigan City, IN Three bedroom ranch home centrally located in Michigan City. Charming hardwood floors, up...	3 beds \| 1 baths \| 1,702 sq.ft.	$235,000	Airbnb cash on cash: 8.36% Traditional cash on cash: 6.36% Airbnb Rental Income: $2965 Traditional Rental Income: $1837 Airbnb ROI: 8.36% Traditional ROI: 6.36%
311 Jefferson Street Michigan City, IN Welcome to this charming 3-bedroom, 1.5-bathroom ranch located on a secluded half-acre lot...	3 beds \| 2 baths \| 1,705 sq.ft.	$309,000	Airbnb cash on cash: 6.28% Traditional cash on cash: 5.55% Airbnb Rental Income: $2965 Traditional Rental Income: $2071 Airbnb ROI: 6.28% Traditional ROI: 5.55%
1524 S Woodland Avenue Michigan City, IN NEW CONSTRUCTION! MOVE IN READY by February-March 2025! Inside you'll find 3 bedrooms, 2 ...	3 beds \| 2 baths \| 1,502 sq.ft.	$298,000	Airbnb cash on cash: 6% Traditional cash on cash: 5.5% Airbnb Rental Income: $2965 Traditional Rental Income: $2140 Airbnb ROI: 6% Traditional ROI: 5.5%
3508 W 1000 N Michigan City, IN Completely renovated home on 2 secluded wooded acres. Updates include magnificent new kitc...	4 beds \| 2 baths \| 1,756 sq.ft.	$339,900	Airbnb cash on cash: 9.89% Traditional cash on cash: 5.65% Airbnb Rental Income: $4628 Traditional Rental Income: $2313 Airbnb ROI: 9.89% Traditional ROI: 5.65%
6271 N 525 W Michigan City, IN BRICK RAISED-RANCH HOME on 73+ ACRES offers the perfect blend of country living and modern...	4 beds \| 4 baths \| 5,655 sq.ft.	$1,245,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 1.92% Airbnb Rental Income: $4628 Traditional Rental Income: $3907 Airbnb ROI: 1.72% Traditional ROI: 1.92%
7395 W Johnson Road Michigan City, IN TALK ABOUT LOCATION!! THIS IS IT!! Sitting right on the bluff of Trail Creek. Almost an ...	4 beds \| 2 baths \| 1,877 sq.ft.	$329,000	Airbnb cash on cash: 9.85% Traditional cash on cash: 5.81% Airbnb Rental Income: $4628 Traditional Rental Income: $2419 Airbnb ROI: 9.85% Traditional ROI: 5.81%
204 Friendship Trail Michigan City, IN Welcome to this gracious sprawling limestone ranch in the highly desirable Pottawatimie Pa...	3 beds \| 3 baths \| 3,980 sq.ft.	$380,000	Airbnb cash on cash: 4.39% Traditional cash on cash: 5.39% Airbnb Rental Income: $2965 Traditional Rental Income: $2637 Airbnb ROI: 4.39% Traditional ROI: 5.39%
2208 Island Drive Michigan City, IN Single-Level, end unit now available at The Shores! Situated near the back of the associat...	2 beds \| 2 baths \| 1,656 sq.ft.	$365,000	Airbnb cash on cash: 3.39% Traditional cash on cash: 6.05% Airbnb Rental Income: $2363 Traditional Rental Income: $2693 Airbnb ROI: 3.39% Traditional ROI: 6.05%
1744 Country Lane Michigan City, IN MOVE IN READY - Nestled in a desirable country subdivision, the property features an invit...	3 beds \| 4 baths \| 4,260 sq.ft.	$540,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 4.94% Airbnb Rental Income: $2965 Traditional Rental Income: $3310 Airbnb ROI: 2.91% Traditional ROI: 4.94%
121 E 11th Street Michigan City, IN Outstanding investment opportunity in the heart of Michigan City! This recently updated 4-...	N/A beds \| N/A baths \| N/A	$489,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 1.27% Airbnb Rental Income: $2002 Traditional Rental Income: $1376 Airbnb ROI: 1.5% Traditional ROI: 1.27%
114 Dunlap Street Michigan City, IN Step into this Pinterest-worthy gem, where modern updates meet classic charm! Located in t...	3 beds \| 1 baths \| 1,326 sq.ft.	$234,900	Airbnb cash on cash: 8.46% Traditional cash on cash: 5.4% Airbnb Rental Income: $2965 Traditional Rental Income: $1602 Airbnb ROI: 8.46% Traditional ROI: 5.4%

Real Estate investment in Michigan-city, IN

There are 35 properties for sale in the city of Michigan City . The median list price in Michigan City is $239,900 and the average price per square foot is $122. In December 2024, the average monthly cash on cash return in Michigan City is 7.00%. The average monthly rental income in Michigan City is $2,235.

Michigan-city, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 35 investment properties available for sale in Michigan-city.

In 2024, the best neighborhood to buy investment property is Michigan City.

The ROI for Short-Term is higher than the Long-Term in Michigan-city with average rental income of $2,965.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

106 1/2 California Avenue

Michigan City, IN

2 beds | 1 baths | 972 sq.ft.

$369,500

Airbnb cash on cash: 2.29%

Traditional cash on cash: 1.05%

Airbnb Rental Income: $2363

Traditional Rental Income: $1353

Airbnb ROI: 2.29%

Traditional ROI: 1.05%

7421 W Johnson Road

Michigan City, IN

3 beds | 2 baths | 1,370 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.88%

Airbnb Rental Income: $null

Traditional Rental Income: $1825

Airbnb ROI: N/A

Traditional ROI: 5.88%

321 S Park Street

Michigan City, IN

4 beds | 3 baths | 2,453 sq.ft.

$368,000

Airbnb cash on cash: 8.7%

Traditional cash on cash: 6.5%

Airbnb Rental Income: $4628

Traditional Rental Income: $2909

Airbnb ROI: 8.7%

Traditional ROI: 6.5%

1441 N Wozniak Road

Michigan City, IN

5 beds | 3 baths | 3,866 sq.ft.

$629,000

Airbnb cash on cash: 7.24%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $6399

Traditional Rental Income: $3141

Airbnb ROI: 7.24%

Traditional ROI: 3.83%

1413 Larain Drive

Michigan City, IN

2 beds | 2 baths | 1,120 sq.ft.

$239,900

Airbnb cash on cash: 5.6%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $2363

Traditional Rental Income: $1770

Airbnb ROI: 5.6%

Traditional ROI: 5.55%

1417 Larain Drive

Michigan City, IN

2 beds | 2 baths | 1,120 sq.ft.

$239,900

Airbnb cash on cash: 5.6%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $2363

Traditional Rental Income: $1770

Airbnb ROI: 5.6%

Traditional ROI: 5.55%

1419 Larain Drive

Michigan City, IN

2 beds | 2 baths | 1,120 sq.ft.

$239,900

Airbnb cash on cash: 5.6%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $2363

Traditional Rental Income: $1770

Airbnb ROI: 5.6%

Traditional ROI: 5.55%

1415 Larain Drive

Michigan City, IN

2 beds | 2 baths | 1,120 sq.ft.

$239,900

Airbnb cash on cash: 5.6%

Traditional cash on cash: 5.55%

Airbnb Rental Income: $2363

Traditional Rental Income: $1770

Airbnb ROI: 5.6%