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
805 Liberty Trail Michigan City, IN Welcome to this charming 3-bedroom, 1.5-bath home, currently operating as a successful vac...	3 beds \| 2 baths \| 1,592 sq.ft.	$199,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 9.09% Airbnb Rental Income: $1443 Traditional Rental Income: $2180 Airbnb ROI: 2.91% Traditional ROI: 9.09%
218 Chickadee Trail Michigan City, IN NEW ROOF with 35 year warranty. This charming 3-bedroom, 3-bath home is located on a seren...	3 beds \| 3 baths \| 1,283 sq.ft.	$454,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.95% Airbnb Rental Income: $1443 Traditional Rental Income: $2135 Airbnb ROI: 0.32% Traditional ROI: 2.95%
118 Krueger Avenue Michigan City, IN Built in 2021, this stunning home is just a short walk to the beach and Washington Park an...	3 beds \| 4 baths \| 2,139 sq.ft.	$775,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 0.88% Airbnb Rental Income: $1443 Traditional Rental Income: $1874 Airbnb ROI: -0.31% Traditional ROI: 0.88%
61 Timber Trail Michigan City, IN PRICE ADJUSTMENT. A singular opportunity at the Woodlands. One hour to Chicago, by train o...	3 beds \| 3 baths \| 2,046 sq.ft.	$999,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.52% Airbnb Rental Income: $1443 Traditional Rental Income: $2921 Airbnb ROI: -0.53% Traditional ROI: 1.52%
403 Cloud Street Michigan City, IN Nice 4 bedroom, 1 1/2 bath home in the heart of Michigan City. Enjoy the fresh fall air on...	4 beds \| 2 baths \| 1,683 sq.ft.	$189,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 9.72% Airbnb Rental Income: $1341 Traditional Rental Income: $2179 Airbnb ROI: 2.76% Traditional ROI: 9.72%
126 Dewey Street Michigan City, IN Just a few blocks off Michigan Blvd sits this charming 3-bedroom, 2-bath home on a corner ...	3 beds \| 2 baths \| 1,992 sq.ft.	$170,000	Airbnb cash on cash: 3.63% Traditional cash on cash: 5.73% Airbnb Rental Income: $1443 Traditional Rental Income: $1354 Airbnb ROI: 3.63% Traditional ROI: 5.73%
507 Center Street Michigan City, IN Step back in time while enjoying modern-day luxury in this beautifully restored Victorian ...	4 beds \| 2 baths \| 3,840 sq.ft.	$590,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 1.75% Airbnb Rental Income: $1341 Traditional Rental Income: $2403 Airbnb ROI: -0.93% Traditional ROI: 1.75%
110 Fogarty Street Michigan City, IN Escape to the tranquil beauty of Sheridan Beach with this stunning 4-bedroom, 3-bath coast...	4 beds \| 3 baths \| 2,318 sq.ft.	$564,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.63% Airbnb Rental Income: $1341 Traditional Rental Income: $2654 Airbnb ROI: -0.64% Traditional ROI: 2.63%
321 S Park Street Michigan City, IN This solidly built, beautifully designed home recently renovated features 4 bedrooms, 3 ba...	4 beds \| 3 baths \| 2,453 sq.ft.	$323,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 7.39% Airbnb Rental Income: $1341 Traditional Rental Income: $2909 Airbnb ROI: 0.87% Traditional ROI: 7.39%
610 Davidson Avenue Michigan City, IN WELCOME HOME!!! Step into this warm and inviting 3-bedroom, 1-bath home that's perfect for...	3 beds \| 1 baths \| 840 sq.ft.	$158,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 9.97% Airbnb Rental Income: $1443 Traditional Rental Income: $1805 Airbnb ROI: 4.73% Traditional ROI: 9.97%
606 Southwind Drive Michigan City, IN Welcome to 606 Southwind Drive--a thoughtfully updated residence offering comfort, functio...	3 beds \| 2 baths \| 1,720 sq.ft.	$259,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 7.62% Airbnb Rental Income: $1443 Traditional Rental Income: $2455 Airbnb ROI: 1.74% Traditional ROI: 7.62%
116 Coolspring Circle Michigan City, IN Welcome to Your Future Dream Home!This stunning open-concept home is ready to inspire your...	4 beds \| N/A baths \| N/A	$149,900	Airbnb cash on cash: 4.26% Traditional cash on cash: 8.46% Airbnb Rental Income: $1341 Traditional Rental Income: $1531 Airbnb ROI: 4.26% Traditional ROI: 8.46%
204 Bies Street Michigan City, IN This two bedroom and one full bath is a very desirable and manageable size for a starter h...	2 beds \| 1 baths \| 512 sq.ft.	$110,000	Airbnb cash on cash: 6.46% Traditional cash on cash: 6.62% Airbnb Rental Income: $1346 Traditional Rental Income: $950 Airbnb ROI: 6.46% Traditional ROI: 6.62%
1441 N Wozniak Road Michigan City, IN Fabulous country living with room for everyone is yours in this sprawling 5 bedroom, 3 bat...	5 beds \| 3 baths \| 3,866 sq.ft.	$530,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.76% Airbnb Rental Income: $2298 Traditional Rental Income: $3141 Airbnb ROI: 1.91% Traditional ROI: 4.76%
1563 Maine Avenue Michigan City, IN Charming Updated 3-Bedroom Ranch with New Roof - Prime Location! Welcome to this beautifu...	3 beds \| 1 baths \| 1,008 sq.ft.	$273,999	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.08% Airbnb Rental Income: $1443 Traditional Rental Income: $1451 Airbnb ROI: 2.38% Traditional ROI: 4.08%
726 Freyer Road Michigan City, IN ALL OFFERS WILL BE CONSIDERED, SELLER SAYS MAKE AN OFFER! 726 Freyer Road is a REMODELED 2...	3 beds \| 2 baths \| 1,572 sq.ft.	$259,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 6.24% Airbnb Rental Income: $1443 Traditional Rental Income: $2184 Airbnb ROI: 1.46% Traditional ROI: 6.24%
304 Gardena Street Michigan City, IN Charming storybook bungalow lovingly updated and move-in ready! Updated electrical, new ro...	3 beds \| 1 baths \| 913 sq.ft.	$199,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 4.62% Airbnb Rental Income: $1443 Traditional Rental Income: $1251 Airbnb ROI: 3.37% Traditional ROI: 4.62%
1213 Franklin Street Michigan City, IN Amazing opportunity to own a mixed-use building. This is a two unit- residential apartment...	5 beds \| 2 baths \| N/A	$295,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 3.79% Airbnb Rental Income: $2298 Traditional Rental Income: $1663 Airbnb ROI: 4.02% Traditional ROI: 3.79%
517 E Barker Avenue Michigan City, IN Great opportunity to own a turnkey bar/restaurant and well maintained apartment! This ful...	N/A beds \| N/A baths \| N/A	$295,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 2.34% Airbnb Rental Income: $1392 Traditional Rental Income: $1308 Airbnb ROI: 1.13% Traditional ROI: 2.34%
105 Hancock Avenue Michigan City, IN With over 1700 SF this 5 bedroom 1 bathroom home is being sold as an investment property ...	5 beds \| 1 baths \| 1,727 sq.ft.	$149,000	Airbnb cash on cash: 9.59% Traditional cash on cash: 9.25% Airbnb Rental Income: $2298 Traditional Rental Income: $1677 Airbnb ROI: 9.59% Traditional ROI: 9.25%
624 Pleasant Avenue Michigan City, IN Offering a strong 9.4 CAP rate for the investor, plus an extra lot, step right into this p...	2 beds \| 1 baths \| 667 sq.ft.	$140,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 6.57% Airbnb Rental Income: $1346 Traditional Rental Income: $1205 Airbnb ROI: 4.54% Traditional ROI: 6.57%
114 Mayfield Drive Michigan City, IN This newly constructed home was completed in November 2024. This home has several builder ...	3 beds \| 3 baths \| 2,190 sq.ft.	$374,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 7.04% Airbnb Rental Income: $1443 Traditional Rental Income: $2935 Airbnb ROI: 1.57% Traditional ROI: 7.04%
133 Crestwood Drive Michigan City, IN Major Price Improvements! This isn't your average bi-level! This spacious 5-6 bedroom hom...	5 beds \| 3 baths \| 2,472 sq.ft.	$249,999	Airbnb cash on cash: 5.44% Traditional cash on cash: 10.78% Airbnb Rental Income: $2298 Traditional Rental Income: $2987 Airbnb ROI: 5.44% Traditional ROI: 10.78%
336 Chestnut Street Michigan City, IN Motivated Seller is offering Buyer concessions towards closing costs. This 5 Bedroom, 2 ba...	5 beds \| 2 baths \| 1,759 sq.ft.	$189,500	Airbnb cash on cash: 6.22% Traditional cash on cash: 10.08% Airbnb Rental Income: $2298 Traditional Rental Income: $2422 Airbnb ROI: 6.22% Traditional ROI: 10.08%
506 Washington Park Boulevard Michigan City, IN For all those who value outdoor beauty, smart design, and flexible living, this property i...	4 beds \| 3 baths \| 2,957 sq.ft.	$680,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.05% Airbnb Rental Income: $1341 Traditional Rental Income: $3207 Airbnb ROI: -0.54% Traditional ROI: 3.05%
3308 Tilden Avenue Michigan City, IN Classic Two-Story Home with Many Recent Updates! Step into timeless comfort in this well-...	3 beds \| 2 baths \| 1,853 sq.ft.	$260,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 6.91% Airbnb Rental Income: $1443 Traditional Rental Income: $2194 Airbnb ROI: 2.1% Traditional ROI: 6.91%
103 Mayfield Drive Michigan City, IN NEW CONSTRUCTION featuring energy saving technology and engineering.Custom 4+ bedroom/ 3 b...	4 beds \| 3 baths \| 2,715 sq.ft.	$525,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 4.88% Airbnb Rental Income: $1341 Traditional Rental Income: $3004 Airbnb ROI: 0.65% Traditional ROI: 4.88%
4409 W Dunes Highway Michigan City, IN Nestled in the Town of Pines and so very close to Lake Michigan, this sweet cottage could ...	2 beds \| 1 baths \| 1,384 sq.ft.	$178,880	Airbnb cash on cash: 3.22% Traditional cash on cash: 5.6% Airbnb Rental Income: $1346 Traditional Rental Income: $1339 Airbnb ROI: 3.22% Traditional ROI: 5.6%
812 Washington Park Boulevard Michigan City, IN The Aries Model! Welcome to the highly anticipated new phase of Beachwalk! The Aries featu...	5 beds \| 4 baths \| 2,500 sq.ft.	$895,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 1.65% Airbnb Rental Income: $2298 Traditional Rental Income: $3229 Airbnb ROI: -0.15% Traditional ROI: 1.65%
810 Washington Park Boulevard Michigan City, IN New construction in Beachwalk - The Jasmine Model! Builder offering PRE CONSTRUCTION DISCO...	5 beds \| 3 baths \| 2,775 sq.ft.	$925,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.38% Airbnb Rental Income: $2298 Traditional Rental Income: $3091 Airbnb ROI: -0.21% Traditional ROI: 1.38%
1941 N Shebel Road Michigan City, IN A Fairytale Home Awaiting Its Grand Finale! Once upon a time, nestled on a quiet and seren...	3 beds \| 1 baths \| 3,534 sq.ft.	$439,999	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.43% Airbnb Rental Income: $1443 Traditional Rental Income: $1630 Airbnb ROI: 0.93% Traditional ROI: 2.43%
109 Washington Park Boulevard Michigan City, IN Charming, updated 2BR/1BA ranch just a short walk to Washington Park Beach, the zoo, and a...	2 beds \| 1 baths \| 1,392 sq.ft.	$395,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 1.3% Airbnb Rental Income: $1346 Traditional Rental Income: $1321 Airbnb ROI: 0.25% Traditional ROI: 1.3%
277 Us-421 Michigan City, IN 14 acre parcel, mostly cleared, little to no value given to house structure, great buildin...	3 beds \| N/A baths \| 976 sq.ft.	$280,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 3.71% Airbnb Rental Income: $1443 Traditional Rental Income: $1365 Airbnb ROI: 2.38% Traditional ROI: 3.71%
11366 Earl Road Michigan City, IN Unique opportunity, this 2-3 bedroom home sits on 10 acres just outside city limits. Priv...	2 beds \| 1 baths \| 1,896 sq.ft.	$320,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.25% Airbnb Rental Income: $1346 Traditional Rental Income: $1482 Airbnb ROI: 1.42% Traditional ROI: 3.25%

Real Estate investment in Michigan-city, IN

There are 63 properties for sale in the city of Michigan City . The median list price in Michigan City is $249,250 and the average price per square foot is $131. In October 2025, the average monthly cash on cash return in Michigan City is 7.00%. The average monthly rental income in Michigan City is $2,202.

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

There are 63 investment properties available for sale in Michigan-city.

In 2025, the best neighborhood to buy investment property is Michigan City.

The ROI for Long-Term is higher than the Short-Term in Michigan-city with average rental income of $2,202.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

805 Liberty Trail

Michigan City, IN

3 beds | 2 baths | 1,592 sq.ft.

$199,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 9.09%

Airbnb Rental Income: $1443

Traditional Rental Income: $2180

Airbnb ROI: 2.91%

Traditional ROI: 9.09%

218 Chickadee Trail

Michigan City, IN

3 beds | 3 baths | 1,283 sq.ft.

$454,900

Airbnb cash on cash: 0.32%

Traditional cash on cash: 2.95%

Airbnb Rental Income: $1443

Traditional Rental Income: $2135

Airbnb ROI: 0.32%

Traditional ROI: 2.95%

118 Krueger Avenue

Michigan City, IN

3 beds | 4 baths | 2,139 sq.ft.

$775,000

Airbnb cash on cash: -0.31%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $1443

Traditional Rental Income: $1874

Airbnb ROI: -0.31%

Traditional ROI: 0.88%

61 Timber Trail

Michigan City, IN

3 beds | 3 baths | 2,046 sq.ft.

$999,900

Airbnb cash on cash: -0.53%

Traditional cash on cash: 1.52%

Airbnb Rental Income: $1443

Traditional Rental Income: $2921

Airbnb ROI: -0.53%

Traditional ROI: 1.52%

403 Cloud Street

Michigan City, IN

4 beds | 2 baths | 1,683 sq.ft.

$189,000

Airbnb cash on cash: 2.76%

Traditional cash on cash: 9.72%

Airbnb Rental Income: $1341

Traditional Rental Income: $2179

Airbnb ROI: 2.76%

Traditional ROI: 9.72%

126 Dewey Street

Michigan City, IN

3 beds | 2 baths | 1,992 sq.ft.

$170,000

Airbnb cash on cash: 3.63%

Traditional cash on cash: 5.73%

Airbnb Rental Income: $1443

Traditional Rental Income: $1354

Airbnb ROI: 3.63%

Traditional ROI: 5.73%

507 Center Street

Michigan City, IN

4 beds | 2 baths | 3,840 sq.ft.

$590,000

Airbnb cash on cash: -0.93%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $1341

Traditional Rental Income: $2403

Airbnb ROI: -0.93%

Traditional ROI: 1.75%

110 Fogarty Street

Michigan City, IN

4 beds | 3 baths | 2,318 sq.ft.

$564,900

Airbnb cash on cash: -0.64%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $1341

Traditional Rental Income: $2654

Airbnb ROI: -0.64%