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
1714 Tennessee Street Michigan City, IN Delightful 2-3 bedroom home featuring newer vinyl plank floor in living room. Room for for...	2 beds \| 2 baths \| 1,566 sq.ft.	$137,500	Airbnb cash on cash: 0.19% Traditional cash on cash: 11.38% Airbnb Rental Income: $640 Traditional Rental Income: $1821 Airbnb ROI: 0.19% Traditional ROI: 11.38%
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.	$765,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 0.83% Airbnb Rental Income: $772 Traditional Rental Income: $1874 Airbnb ROI: -1.16% Traditional ROI: 0.83%
317 Redpath Avenue Michigan City, IN Beautifully updated bi level in Michigan City--move in ready. The upper level welcomes you...	3 beds \| 2 baths \| 1,520 sq.ft.	$265,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 5.78% Airbnb Rental Income: $772 Traditional Rental Income: $1967 Airbnb ROI: -0.27% Traditional ROI: 5.78%
409 Holly Road Michigan City, IN Welcome home to this charming 3-bedroom, 2-bath ranch centrally located in the heart of Mi...	3 beds \| 2 baths \| 1,228 sq.ft.	$235,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 5.52% Airbnb Rental Income: $772 Traditional Rental Income: $1772 Airbnb ROI: -0.4% Traditional ROI: 5.52%
510 Washington Park Boulevard Michigan City, IN Beautifully remodeled ranch with modern updates throughout. Enjoy new luxury vinyl tile, l...	3 beds \| 1 baths \| 988 sq.ft.	$325,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 2.77% Airbnb Rental Income: $772 Traditional Rental Income: $1423 Airbnb ROI: -0.4% Traditional ROI: 2.77%
1505 Ardendale Avenue Michigan City, IN Investors and property flippers welcomed. Three bedroom, one bath home situated on .39 acr...	3 beds \| N/A baths \| 1,360 sq.ft.	$125,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 11.52% Airbnb Rental Income: $772 Traditional Rental Income: $1641 Airbnb ROI: 1.66% Traditional ROI: 11.52%
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: -1.84% Traditional cash on cash: 1.75% Airbnb Rental Income: $739 Traditional Rental Income: $2403 Airbnb ROI: -1.84% Traditional ROI: 1.75%
514 Birch Tree Lane Michigan City, IN Welcome to desirable Long Beach Pointe! This stunning and immaculately maintained 1 bedroo...	1 beds \| 1 baths \| 860 sq.ft.	$259,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 2.44% Airbnb Rental Income: $571 Traditional Rental Income: $1073 Airbnb ROI: -0.77% Traditional ROI: 2.44%
406 Bolka Avenue Michigan City, IN Welcome to The Bolka Dot House, a truly turnkey short-term rental opportunity in Michigan ...	3 beds \| 2 baths \| 2,344 sq.ft.	$295,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 6.57% Airbnb Rental Income: $772 Traditional Rental Income: $2549 Airbnb ROI: -0.97% Traditional ROI: 6.57%
2902 Tilden Avenue Michigan City, IN HUGE PRICE IMPROVEMENT Welcome to this distinctive 4 bedroom, 2 bath brick home set on jus...	4 beds \| 2 baths \| 2,314 sq.ft.	$260,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 5.13% Airbnb Rental Income: $739 Traditional Rental Income: $1739 Airbnb ROI: -0.22% Traditional ROI: 5.13%
2401 Maple Street Michigan City, IN Don't miss this opportunity to own a one-of-a-kind Mid-Century Modern Ranch! This 3-bedroo...	3 beds \| 2 baths \| 2,592 sq.ft.	$239,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 7.5% Airbnb Rental Income: $772 Traditional Rental Income: $2328 Airbnb ROI: -0.79% Traditional ROI: 7.5%
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 \| 5 baths \| 3,866 sq.ft.	$650,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 3.3% Airbnb Rental Income: $1373 Traditional Rental Income: $3141 Airbnb ROI: -0.3% Traditional ROI: 3.3%
312 Wilshire Avenue Michigan City, IN Brick 3 bedroom home with modern updates throughout. The main level includes a bright livi...	3 beds \| 3 baths \| 2,918 sq.ft.	$342,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 6.22% Airbnb Rental Income: $772 Traditional Rental Income: $2614 Airbnb ROI: -0.5% Traditional ROI: 6.22%
118 Jackson Street Michigan City, IN	3 beds \| 2 baths \| 1,642 sq.ft.	$179,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 6.33% Airbnb Rental Income: $772 Traditional Rental Income: $1523 Airbnb ROI: 0.06% Traditional ROI: 6.33%
105 Hancock Avenue Michigan City, IN With over 1700 SF this 5 bedroom 1 bathroom home is being sold as an investment property w...	5 beds \| 1 baths \| 1,727 sq.ft.	$149,000	Airbnb cash on cash: 4.19% Traditional cash on cash: 9.25% Airbnb Rental Income: $1373 Traditional Rental Income: $1677 Airbnb ROI: 4.19% Traditional ROI: 9.25%
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: -0.03% Traditional cash on cash: 6.93% Airbnb Rental Income: $772 Traditional Rental Income: $2935 Airbnb ROI: -0.03% Traditional ROI: 6.93%
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: -1.33% Traditional cash on cash: 3.11% Airbnb Rental Income: $739 Traditional Rental Income: $3207 Airbnb ROI: -1.33% Traditional ROI: 3.11%
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: -0.37% Traditional cash on cash: 4.89% Airbnb Rental Income: $739 Traditional Rental Income: $3004 Airbnb ROI: -0.37% Traditional ROI: 4.89%
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.	$440,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 2.43% Airbnb Rental Income: $772 Traditional Rental Income: $1630 Airbnb ROI: -0.43% Traditional ROI: 2.43%
139 Shorewood Drive Michigan City, IN Enjoy lakeside living in this spacious waterfront home on Lake Clare with beautiful water ...	3 beds \| 2 baths \| 1,904 sq.ft.	$495,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 3.33% Airbnb Rental Income: $772 Traditional Rental Income: $2663 Airbnb ROI: -1.44% Traditional ROI: 3.33%
717 Pine Street Michigan City, IN Step into History and Luxury at the Historic Stockwell Mansion! This exquisitely preserved...	5 beds \| 6 baths \| 4,500 sq.ft.	$549,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 10.8% Airbnb Rental Income: $1373 Traditional Rental Income: $6380 Airbnb ROI: 0.23% Traditional ROI: 10.8%
802 Washington Park Boulevard Michigan City, IN Enjoy easy one level living in this charming ranch on a corner lot in a desirable Lake Mic...	3 beds \| 1 baths \| 1,196 sq.ft.	$379,900	Airbnb cash on cash: -0.92% Traditional cash on cash: 2.27% Airbnb Rental Income: $772 Traditional Rental Income: $1590 Airbnb ROI: -0.92% Traditional ROI: 2.27%
105 Belden Street 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.	$220,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 9.24% Airbnb Rental Income: $739 Traditional Rental Income: $2363 Airbnb ROI: -0.05% Traditional ROI: 9.24%
105 Coolspring Circle Michigan City, IN Welcome home to this beautifully updated 3 bedroom, 2 bath ranch nestled on a desirable bl...	3 beds \| 2 baths \| 1,052 sq.ft.	$219,500	Airbnb cash on cash: -0.08% Traditional cash on cash: 6.47% Airbnb Rental Income: $772 Traditional Rental Income: $1815 Airbnb ROI: -0.08% Traditional ROI: 6.47%
2521 Buffalo Street 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.	$158,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 6.03% Airbnb Rental Income: $640 Traditional Rental Income: $1229 Airbnb ROI: 0.17% Traditional ROI: 6.03%
714 Pearl Street Michigan City, IN Welcome to this charming two story home in the heart of Michigan City! From the moment you...	3 beds \| 1 baths \| 1,995 sq.ft.	$159,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 8.12% Airbnb Rental Income: $772 Traditional Rental Income: $1597 Airbnb ROI: 0.64% Traditional ROI: 8.12%
432 Washington Park Boulevard Michigan City, IN Spectacular Location! For the first time ever, this lovingly cared-for, one-owner home is ...	3 beds \| 1 baths \| 1,330 sq.ft.	$379,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.23% Airbnb Rental Income: $772 Traditional Rental Income: $1644 Airbnb ROI: -0.1% Traditional ROI: 3.23%
309 Jackson Street Michigan City, IN Versatile Michigan City Home Near Downtown & Lake Michigan! Discover this well-located pro...	3 beds \| 2 baths \| 1,664 sq.ft.	$174,900	Airbnb cash on cash: -0.29% Traditional cash on cash: 9.73% Airbnb Rental Income: $772 Traditional Rental Income: $2124 Airbnb ROI: -0.29% Traditional ROI: 9.73%
17 Moorebrooke Road Michigan City, IN Construction now in progress at Michigan City's much-anticipated new development, The Moor...	3 beds \| 3 baths \| 1,880 sq.ft.	$569,900	Airbnb cash on cash: -1.79% Traditional cash on cash: 2.27% Airbnb Rental Income: $772 Traditional Rental Income: $2619 Airbnb ROI: -1.79% Traditional ROI: 2.27%
15 Moorebrooke Road Michigan City, IN Construction now in progress at Michigan City's much-anticipated new development, The Moor...	3 beds \| 3 baths \| 1,880 sq.ft.	$569,900	Airbnb cash on cash: -1.79% Traditional cash on cash: 2.27% Airbnb Rental Income: $772 Traditional Rental Income: $2619 Airbnb ROI: -1.79% Traditional ROI: 2.27%
162 Indian Rdg Drive Michigan City, IN Move-in ready corner end-unit condo, beautifully maintained and thoughtfully updated throu...	2 beds \| 2 baths \| 1,418 sq.ft.	$239,000	Airbnb cash on cash: -1.46% Traditional cash on cash: 3.74% Airbnb Rental Income: $640 Traditional Rental Income: $1519 Airbnb ROI: -1.46% Traditional ROI: 3.74%
10 Moorebrooke Road Michigan City, IN Construction now in progress at Michigan City's much-anticipated new development, The Moor...	3 beds \| 3 baths \| 2,245 sq.ft.	$599,900	Airbnb cash on cash: -1.79% Traditional cash on cash: 2.34% Airbnb Rental Income: $772 Traditional Rental Income: $2768 Airbnb ROI: -1.79% Traditional ROI: 2.34%
107 Center Street Michigan City, IN Exceptional home near Sheridan Beach. This impressive residence is one of the largest home...	3 beds \| 4 baths \| 5,252 sq.ft.	$689,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 3.08% Airbnb Rental Income: $772 Traditional Rental Income: $3167 Airbnb ROI: -1.13% Traditional ROI: 3.08%
11111 W 100 N Michigan City, IN Potential in this farmhouse with multiple older outbuildings on 30 acres. Some farmed, som...	3 beds \| 1 baths \| 2,034 sq.ft.	$525,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.92% Airbnb Rental Income: $772 Traditional Rental Income: $1696 Airbnb ROI: -0.61% Traditional ROI: 1.92%
502 E 8th Street Michigan City, IN Location, location, location! This exceptional property features two homes on one lot, ide...	4 beds \| 4 baths \| 2,682 sq.ft.	$397,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 6.23% Airbnb Rental Income: $739 Traditional Rental Income: $2928 Airbnb ROI: -0.49% Traditional ROI: 6.23%
705 Plymouth Court Michigan City, IN Well-maintained 4-bedroom ranch offering a functional single-level layout in a quiet Michi...	4 beds \| 1 baths \| 1,444 sq.ft.	$198,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 6.27% Airbnb Rental Income: $739 Traditional Rental Income: $1547 Airbnb ROI: 0.31% Traditional ROI: 6.27%

Real Estate investment in Michigan-city, IN

There are 62 properties for sale in the city of Michigan City . The median list price in Michigan City is $249,900 and the average price per square foot is $138. In April 2026, the average monthly cash on cash return in Michigan City is 6.00%. The average monthly rental income in Michigan City is $2,216.

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

There are 62 investment properties available for sale in Michigan-city.

In 2026, 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 $772.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

1714 Tennessee Street

Michigan City, IN

2 beds | 2 baths | 1,566 sq.ft.

$137,500

Airbnb cash on cash: 0.19%

Traditional cash on cash: 11.38%

Airbnb Rental Income: $640

Traditional Rental Income: $1821

Airbnb ROI: 0.19%

Traditional ROI: 11.38%

118 Krueger Avenue

Michigan City, IN

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

$765,000

Airbnb cash on cash: -1.16%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $772

Traditional Rental Income: $1874

Airbnb ROI: -1.16%

Traditional ROI: 0.83%

317 Redpath Avenue

Michigan City, IN

3 beds | 2 baths | 1,520 sq.ft.

$265,000

Airbnb cash on cash: -0.27%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $772

Traditional Rental Income: $1967

Airbnb ROI: -0.27%

Traditional ROI: 5.78%

409 Holly Road

Michigan City, IN

3 beds | 2 baths | 1,228 sq.ft.

$235,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: 5.52%

Airbnb Rental Income: $772

Traditional Rental Income: $1772

Airbnb ROI: -0.4%

Traditional ROI: 5.52%

510 Washington Park Boulevard

Michigan City, IN

3 beds | 1 baths | 988 sq.ft.

$325,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: 2.77%

Airbnb Rental Income: $772

Traditional Rental Income: $1423

Airbnb ROI: -0.4%

Traditional ROI: 2.77%

1505 Ardendale Avenue

Michigan City, IN

3 beds | N/A baths | 1,360 sq.ft.

$125,000

Airbnb cash on cash: 1.66%

Traditional cash on cash: 11.52%

Airbnb Rental Income: $772

Traditional Rental Income: $1641

Airbnb ROI: 1.66%

Traditional ROI: 11.52%

507 Center Street

Michigan City, IN

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

$590,000

Airbnb cash on cash: -1.84%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $739

Traditional Rental Income: $2403

Airbnb ROI: -1.84%

Traditional ROI: 1.75%

514 Birch Tree Lane

Michigan City, IN

1 beds | 1 baths | 860 sq.ft.

$259,000

Airbnb cash on cash: -0.77%

Traditional cash on cash: 2.44%

Airbnb Rental Income: $571

Traditional Rental Income: $1073

Airbnb ROI: -0.77%