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
218 Chickadee Trail Michigan City, IN MOTIVATED SELLER! Perfect as a private home or Vacation Rental! Woodsy and Cozy, feels lik...	3 beds \| 3 baths \| 1,283 sq.ft.	$444,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.29% Airbnb Rental Income: $1053 Traditional Rental Income: $2135 Airbnb ROI: -0.19% Traditional ROI: 3.29%
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.	$314,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 8.14% Airbnb Rental Income: $1150 Traditional Rental Income: $2830 Airbnb ROI: 1.18% Traditional ROI: 8.14%
1128 Earl Road Michigan City, IN Welcome home to this nicely updated, move-in ready 3-bedroom, 2-full bath ranch tucked awa...	3 beds \| 2 baths \| 1,120 sq.ft.	$229,900	Airbnb cash on cash: 1.23% Traditional cash on cash: 6.51% Airbnb Rental Income: $1053 Traditional Rental Income: $1837 Airbnb ROI: 1.23% Traditional ROI: 6.51%
610 Davidson Ave Michigan City, IN This inviting three-bedroom, one-bath house is ready to welcome you. Freshly painted insid...	3 beds \| 1 baths \| 840 sq.ft.	$135,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 11.38% Airbnb Rental Income: $1053 Traditional Rental Income: $1805 Airbnb ROI: 3.07% Traditional ROI: 11.38%
1563 Maine Ave Michigan City, IN Charming Updated 3-Bedroom Ranch with New Roof - Prime Location! Welcome to this beautiful...	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%
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	$285,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.96% Airbnb Rental Income: $1809 Traditional Rental Income: $1663 Airbnb ROI: 2.67% Traditional ROI: 3.96%
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%
1528 S Woodland Avenue Michigan City, IN This move-in ready, newly built home offers a spacious open-concept design featuring three...	3 beds \| 2 baths \| 1,502 sq.ft.	$279,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 6.92% Airbnb Rental Income: $1053 Traditional Rental Income: $2217 Airbnb ROI: 1.12% Traditional ROI: 6.92%
709 Indiana Avenue Michigan City, IN Charming completely remodeled 4 bedroom home in a desirable location! Seller is willing to...	4 beds \| 2 baths \| 2,432 sq.ft.	$245,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 7.84% Airbnb Rental Income: $1150 Traditional Rental Income: $2513 Airbnb ROI: 0.31% Traditional ROI: 7.84%
2022 Bellevire Ave Michigan City, IN one-level living in this completely remodelled 2 bed, 2 bath home on a concrete slab with ...	2 beds \| 2 baths \| 1,056 sq.ft.	$465,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.19% Airbnb Rental Income: $1438 Traditional Rental Income: $1669 Airbnb ROI: 0.67% Traditional ROI: 2.19%
2308 N Dianne Drive Michigan City, IN Freshly updated and move-in ready, this bi-level home sits on a generous A3/4-acre lot and...	4 beds \| 2 baths \| 2,112 sq.ft.	$299,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 7.32% Airbnb Rental Income: $1150 Traditional Rental Income: $2513 Airbnb ROI: 1.13% Traditional ROI: 7.32%
100 Lake Shore Dr #204 Michigan City, IN Lakefront Condo with Private Beach and Endless Views! This 3 Bed, 2 Bath Dunescape condo o...	3 beds \| 2 baths \| 1,447 sq.ft.	$613,000	Airbnb cash on cash: -2.38% Traditional cash on cash: 0.69% Airbnb Rental Income: $1053 Traditional Rental Income: $2446 Airbnb ROI: -2.38% Traditional ROI: 0.69%
105 Garrettson Ave Michigan City, IN Spacious ALL BRICK Ranch in Desirable Edgewood Neighborhood! This well-maintained 3-bedroo...	3 beds \| 1 baths \| 2,047 sq.ft.	$239,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 8.68% Airbnb Rental Income: $1053 Traditional Rental Income: $2448 Airbnb ROI: 0.93% Traditional ROI: 8.68%
2714 Ohio Street Michigan City, IN Well maintained 3 Bed, 1 Bath Ranch Home! Easy living with everything on one level. Great ...	3 beds \| 1 baths \| 1,025 sq.ft.	$179,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 6.49% Airbnb Rental Income: $1053 Traditional Rental Income: $1493 Airbnb ROI: 1.8% Traditional ROI: 6.49%
105 Belden St Michigan City, IN This beautiful Brick-house is ready for you! It is a perfect blend of classic and modern. ...	4 beds \| 2 baths \| 1,968 sq.ft.	$249,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 7.69% Airbnb Rental Income: $1150 Traditional Rental Income: $2363 Airbnb ROI: 1.2% Traditional ROI: 7.69%
205 N Ashland Avenue Michigan City, IN Charming 2-bedroom, 2-bath home just minutes from the beach! The main level offers two com...	2 beds \| 2 baths \| 888 sq.ft.	$120,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 8.83% Airbnb Rental Income: $1010 Traditional Rental Income: $1392 Airbnb ROI: 2.44% Traditional ROI: 8.83%
932 Liberty Trail Michigan City, IN Welcome to this warm and inviting home offering surprising space and thoughtful updates th...	3 beds \| 1 baths \| 1,075 sq.ft.	$169,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 7.6% Airbnb Rental Income: $1053 Traditional Rental Income: $1529 Airbnb ROI: 2.38% Traditional ROI: 7.6%
2521 Buffalo St Michigan City, IN Welcome home! This gorgeous property is ready for its new owners. Featuring an open concep...	2 beds \| 1 baths \| 744 sq.ft.	$160,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 5.94% Airbnb Rental Income: $1010 Traditional Rental Income: $1229 Airbnb ROI: 2.17% Traditional ROI: 5.94%
2 Marine Dr #6 Michigan City, IN Experience the quintessential Michigan City lifestyle in this rarely available 1-bedroom, ...	1 beds \| 1 baths \| 824 sq.ft.	$329,000	Airbnb cash on cash: -3.02% Traditional cash on cash: 0.14% Airbnb Rental Income: $632 Traditional Rental Income: $1314 Airbnb ROI: -3.02% Traditional ROI: 0.14%

Real Estate investment in Michigan-city, IN

There are 129 properties for sale in the city of Michigan City . The median list price in Michigan City is $247,500 and the average price per square foot is $142. In February 2026, the average monthly cash on cash return in Michigan City is 6.00%. The average monthly rental income in Michigan City is $2,135.

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

There are 129 investment properties available for sale in Michigan-city.

In 2026, 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 $2,135.

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: -0.19%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $1053

Traditional Rental Income: $2135

Airbnb ROI: -0.19%

Traditional ROI: 3.29%

211 E Fulton Street

Michigan City, IN

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

$314,900

Airbnb cash on cash: 1.18%

Traditional cash on cash: 8.14%

Airbnb Rental Income: $1150

Traditional Rental Income: $2830

Airbnb ROI: 1.18%

Traditional ROI: 8.14%

1128 Earl Road

Michigan City, IN

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

$229,900

Airbnb cash on cash: 1.23%

Traditional cash on cash: 6.51%

Airbnb Rental Income: $1053

Traditional Rental Income: $1837

Airbnb ROI: 1.23%

Traditional ROI: 6.51%

610 Davidson Ave

Michigan City, IN

3 beds | 1 baths | 840 sq.ft.

$135,000

Airbnb cash on cash: 3.07%

Traditional cash on cash: 11.38%

Airbnb Rental Income: $1053

Traditional Rental Income: $1805

Airbnb ROI: 3.07%

Traditional ROI: 11.38%

1563 Maine Ave

Michigan City, IN

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%

1213 Franklin Street

Michigan City, IN

5 beds | 2 baths | N/A

$285,000

Airbnb cash on cash: 2.67%

Traditional cash on cash: 3.96%

Airbnb Rental Income: $1809

Traditional Rental Income: $1663

Airbnb ROI: 2.67%

Traditional ROI: 3.96%

111 Grove Street

Michigan City, IN

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%

1528 S Woodland Avenue

Michigan City, IN

3 beds | 2 baths | 1,502 sq.ft.

$279,900

Airbnb cash on cash: 1.12%

Traditional cash on cash: 6.92%

Airbnb Rental Income: $1053

Traditional Rental Income: $2217

Airbnb ROI: 1.12%