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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
218 Chickadee Trail Michigan City, IN MOTIVATED SELLER! Perfect as a private home or Vacation Rental! Woodsy and Cozy, feels l...	3 beds \| 3 baths \| 1,283 sq.ft.	$444,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.06% Airbnb Rental Income: $1053 Traditional Rental Income: $2135 Airbnb ROI: -0.41% Traditional ROI: 3.06%
3546 Franklin Street Michigan City, IN Convenience, comfort, and loaded with features, the entertainers' dream! This well built a...	2 beds \| 2 baths \| 1,809 sq.ft.	$255,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 6.86% Airbnb Rental Income: $1010 Traditional Rental Income: $2149 Airbnb ROI: 0.65% Traditional ROI: 6.86%
211 E Fulton Street Michigan City, IN Modern Comfort Meets Michigan City Charm Welcome to 211 E Fulton St, a stunning new constr...	4 beds \| 3 baths \| 2,051 sq.ft.	$334,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 7.6% Airbnb Rental Income: $1150 Traditional Rental Income: $2830 Airbnb ROI: 1.05% Traditional ROI: 7.6%
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: -0.76% Traditional cash on cash: 0.88% Airbnb Rental Income: $1053 Traditional Rental Income: $1874 Airbnb ROI: -0.76% Traditional ROI: 0.88%
61 TIMBER Trail Michigan City, IN Price adjustment by highly motivated sellers. Custom, 2021, 1 level home in coveted Woodla...	3 beds \| 3 baths \| 2,159 sq.ft.	$924,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 1.54% Airbnb Rental Income: $1053 Traditional Rental Income: $2921 Airbnb ROI: -1.05% Traditional ROI: 1.54%
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: 1.87% Traditional cash on cash: 9.72% Airbnb Rental Income: $1150 Traditional Rental Income: $2179 Airbnb ROI: 1.87% 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: 1.62% Traditional cash on cash: 5.73% Airbnb Rental Income: $1053 Traditional Rental Income: $1354 Airbnb ROI: 1.62% Traditional ROI: 5.73%
209 Dupage Street Michigan City, IN The perfect 3-bedroom, 2.5-bath home ideally situated in the heart of downtown Michigan Ci...	3 beds \| 3 baths \| 1,882 sq.ft.	$185,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 10.91% Airbnb Rental Income: $1053 Traditional Rental Income: $2408 Airbnb ROI: 1.19% Traditional ROI: 10.91%
507 Center Street Michigan City, IN A rare short-term rental gem with timeless charm and modern luxury! Step back in time whil...	4 beds \| 2 baths \| 3,840 sq.ft.	$590,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 1.75% Airbnb Rental Income: $1150 Traditional Rental Income: $2403 Airbnb ROI: -1.22% 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.	$539,900	Airbnb cash on cash: -0.94% Traditional cash on cash: 2.79% Airbnb Rental Income: $1150 Traditional Rental Income: $2654 Airbnb ROI: -0.94% Traditional ROI: 2.79%
2614 Buffalo Street Michigan City, IN Forget the stress and expense of immediate renovations. This property offers peace of mind...	3 beds \| 1 baths \| 960 sq.ft.	$215,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 4.9% Airbnb Rental Income: $1053 Traditional Rental Income: $1376 Airbnb ROI: 1.52% Traditional ROI: 4.9%
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: 0.35% Traditional cash on cash: 7.39% Airbnb Rental Income: $1150 Traditional Rental Income: $2909 Airbnb ROI: 0.35% 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.	$150,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 10.54% Airbnb Rental Income: $1053 Traditional Rental Income: $1805 Airbnb ROI: 2.76% Traditional ROI: 10.54%
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.	$249,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 7.95% Airbnb Rental Income: $1053 Traditional Rental Income: $2455 Airbnb ROI: 0.47% Traditional ROI: 7.95%
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: 3.15% Traditional cash on cash: 8.46% Airbnb Rental Income: $1150 Traditional Rental Income: $1531 Airbnb ROI: 3.15% 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.	$105,000	Airbnb cash on cash: 4.05% Traditional cash on cash: 6.97% Airbnb Rental Income: $1010 Traditional Rental Income: $950 Airbnb ROI: 4.05% Traditional ROI: 6.97%
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: 1.08% Traditional cash on cash: 4.76% Airbnb Rental Income: $1809 Traditional Rental Income: $3141 Airbnb ROI: 1.08% 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.	$264,999	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.25% Airbnb Rental Income: $1053 Traditional Rental Income: $1451 Airbnb ROI: 1.2% Traditional ROI: 4.25%
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: 0.13% Traditional cash on cash: 6.24% Airbnb Rental Income: $1053 Traditional Rental Income: $2184 Airbnb ROI: 0.13% 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.	$189,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.91% Airbnb Rental Income: $1053 Traditional Rental Income: $1251 Airbnb ROI: 1.78% Traditional ROI: 4.91%
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: 2.55% Traditional cash on cash: 3.79% Airbnb Rental Income: $1809 Traditional Rental Income: $1663 Airbnb ROI: 2.55% 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	$250,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 2.93% Airbnb Rental Income: $1280 Traditional Rental Income: $1308 Airbnb ROI: 1.1% Traditional ROI: 2.93%
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: 6.73% Traditional cash on cash: 9.25% Airbnb Rental Income: $1809 Traditional Rental Income: $1677 Airbnb ROI: 6.73% 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: 2.45% Traditional cash on cash: 6.57% Airbnb Rental Income: $1010 Traditional Rental Income: $1205 Airbnb ROI: 2.45% 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.	$379,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 6.93% Airbnb Rental Income: $1053 Traditional Rental Income: $2935 Airbnb ROI: 0.63% Traditional ROI: 6.93%
111 Grove Street Michigan City, IN This 3 bedroom, 1 bath home offers one level living, a fenced back yard and a 3 car garage...	3 beds \| 1 baths \| 884 sq.ft.	$165,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 7.17% Airbnb Rental Income: $1053 Traditional Rental Income: $1465 Airbnb ROI: 2.24% Traditional ROI: 7.17%
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: 3.95% Traditional cash on cash: 10.08% Airbnb Rental Income: $1809 Traditional Rental Income: $2422 Airbnb ROI: 3.95% 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.	$670,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 3.11% Airbnb Rental Income: $1150 Traditional Rental Income: $3207 Airbnb ROI: -0.79% Traditional ROI: 3.11%
3308 Tilden Avenue Michigan City, IN Classic Two-Story Home with Many Recent Updates! Step into timeless comfort in this well-...	3 beds \| 3 baths \| 1,853 sq.ft.	$260,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 6.91% Airbnb Rental Income: $1053 Traditional Rental Income: $2194 Airbnb ROI: 0.77% Traditional ROI: 6.91%
103 Mayfield Drive Michigan City, IN NEW CONSTRUCTION featuring energy saving technology and engineering. Custom 4+ bedroom/ 3 ...	4 beds \| 3 baths \| 2,715 sq.ft.	$524,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.89% Airbnb Rental Income: $1150 Traditional Rental Income: $3004 Airbnb ROI: 0.33% Traditional ROI: 4.89%
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: -0.64% Traditional cash on cash: 1.65% Airbnb Rental Income: $1809 Traditional Rental Income: $3229 Airbnb ROI: -0.64% Traditional ROI: 1.65%
810 Washington Park Boulevard Michigan City, IN New construction in Beachwalk - The Jasmine Model! Welcome to the highly anticipated new p...	5 beds \| 3 baths \| 2,775 sq.ft.	$925,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.38% Airbnb Rental Income: $1809 Traditional Rental Income: $3091 Airbnb ROI: -0.68% 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: 0.14% Traditional cash on cash: 2.43% Airbnb Rental Income: $1053 Traditional Rental Income: $1630 Airbnb ROI: 0.14% 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: -0.5% Traditional cash on cash: 1.3% Airbnb Rental Income: $1010 Traditional Rental Income: $1321 Airbnb ROI: -0.5% 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: 1.14% Traditional cash on cash: 3.71% Airbnb Rental Income: $1053 Traditional Rental Income: $1365 Airbnb ROI: 1.14% 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.	$290,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.68% Airbnb Rental Income: $1010 Traditional Rental Income: $1482 Airbnb ROI: 0.64% Traditional ROI: 3.68%
5522 Shady Oak Lane Michigan City, IN Discover this charming 1.18-acre property, ideally situated just minutes from the sandy sh...	3 beds \| 1 baths \| 1,140 sq.ft.	$225,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.01% Airbnb Rental Income: $1053 Traditional Rental Income: $1636 Airbnb ROI: 1.57% Traditional ROI: 6.01%
7335 N 300 W Michigan City, IN Three bedroom, two bath ranch home on 2.5 acres in Springfield Township. Mainfloor living...	3 beds \| 2 baths \| 1,764 sq.ft.	$235,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 8.34% Airbnb Rental Income: $1053 Traditional Rental Income: $2241 Airbnb ROI: 1.35% Traditional ROI: 8.34%

Real Estate investment in Michigan-city, IN

There are 64 properties for sale in the city of Michigan City . The median list price in Michigan City is $249,950 and the average price per square foot is $131. In December 2025, the average monthly cash on cash return in Michigan City is 6.00%. The average monthly rental income in Michigan City is $2,189.

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

There are 64 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 $2,189.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

218 Chickadee Trail

Michigan City, IN

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

$444,900

Airbnb cash on cash: -0.41%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1053

Traditional Rental Income: $2135

Airbnb ROI: -0.41%

Traditional ROI: 3.06%

3546 Franklin Street

Michigan City, IN

2 beds | 2 baths | 1,809 sq.ft.

$255,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 6.86%

Airbnb Rental Income: $1010

Traditional Rental Income: $2149

Airbnb ROI: 0.65%

Traditional ROI: 6.86%

211 E Fulton Street

Michigan City, IN

4 beds | 3 baths | 2,051 sq.ft.

$334,900

Airbnb cash on cash: 1.05%

Traditional cash on cash: 7.6%

Airbnb Rental Income: $1150

Traditional Rental Income: $2830

Airbnb ROI: 1.05%

Traditional ROI: 7.6%

118 Krueger Avenue

Michigan City, IN

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

$775,000

Airbnb cash on cash: -0.76%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $1053

Traditional Rental Income: $1874

Airbnb ROI: -0.76%

Traditional ROI: 0.88%

61 TIMBER Trail

Michigan City, IN

3 beds | 3 baths | 2,159 sq.ft.

$924,900

Airbnb cash on cash: -1.05%

Traditional cash on cash: 1.54%

Airbnb Rental Income: $1053

Traditional Rental Income: $2921

Airbnb ROI: -1.05%

Traditional ROI: 1.54%

403 Cloud Street

Michigan City, IN

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

$189,000

Airbnb cash on cash: 1.87%

Traditional cash on cash: 9.72%

Airbnb Rental Income: $1150

Traditional Rental Income: $2179

Airbnb ROI: 1.87%

Traditional ROI: 9.72%

126 Dewey Street

Michigan City, IN

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

$170,000

Airbnb cash on cash: 1.62%

Traditional cash on cash: 5.73%

Airbnb Rental Income: $1053

Traditional Rental Income: $1354

Airbnb ROI: 1.62%

Traditional ROI: 5.73%

209 Dupage Street

Michigan City, IN

3 beds | 3 baths | 1,882 sq.ft.

$185,900

Airbnb cash on cash: 1.19%

Traditional cash on cash: 10.91%

Airbnb Rental Income: $1053

Traditional Rental Income: $2408

Airbnb ROI: 1.19%