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
12 Tryon Farm Lane Michigan City, IN Nestled within the highly sought-after, coveted Tryon Farm community, this exceptional 1-b...	1 beds \| 1 baths \| 546 sq.ft.	$229,500	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.39% Airbnb Rental Income: $1289 Traditional Rental Income: $1002 Airbnb ROI: -0.15% Traditional ROI: 0.39%
617 Greentree Drive Michigan City, IN Move right in and enjoy the updates. This 3-bedroom, 2-bath home features a bright and inv...	3 beds \| 2 baths \| 1,856 sq.ft.	$309,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 5.62% Airbnb Rental Income: $1670 Traditional Rental Income: $2204 Airbnb ROI: 2.18% Traditional ROI: 5.62%
2933 Cleveland Avenue Michigan City, IN Absolutely Adorable & Full of Charm! Welcome to this cute-as-a-button 2-bedroom, 1-bath ra...	2 beds \| 1 baths \| 720 sq.ft.	$139,900	Airbnb cash on cash: 4.18% Traditional cash on cash: 5.01% Airbnb Rental Income: $1363 Traditional Rental Income: $1058 Airbnb ROI: 4.18% Traditional ROI: 5.01%
715 S Ashland Avenue Michigan City, IN This top-shelf two-bedroom 1930's bungalow offers perhaps the finest features of it's clas...	2 beds \| 1 baths \| 764 sq.ft.	$169,900	Airbnb cash on cash: 3.4% Traditional cash on cash: 4.05% Airbnb Rental Income: $1363 Traditional Rental Income: $1053 Airbnb ROI: 3.4% Traditional ROI: 4.05%
2509 Oak Street Michigan City, IN Welcome home! This well-maintained 3-bedroom (could easily make a 4th bedroom on upper lev...	3 beds \| 2 baths \| 2,261 sq.ft.	$269,999	Airbnb cash on cash: 2.73% Traditional cash on cash: 7.16% Airbnb Rental Income: $1670 Traditional Rental Income: $2330 Airbnb ROI: 2.73% Traditional ROI: 7.16%
724 Dupage Street Michigan City, IN Newer roof, newer windows and furnace. This 3 bedroom, 1 bath home has plenty of room to g...	3 beds \| 1 baths \| 1,702 sq.ft.	$199,999	Airbnb cash on cash: 3.81% Traditional cash on cash: 5.25% Airbnb Rental Income: $1670 Traditional Rental Income: $1477 Airbnb ROI: 3.81% Traditional ROI: 5.25%
116 Fogarty Street Michigan City, IN Would be yours to stay as you please but currently this property is an established Airbnb ...	4 beds \| 3 baths \| 2,244 sq.ft.	$599,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 2.41% Airbnb Rental Income: $2096 Traditional Rental Income: $2451 Airbnb ROI: 0.82% Traditional ROI: 2.41%
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.	$210,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 6.28% Airbnb Rental Income: $1670 Traditional Rental Income: $1772 Airbnb ROI: 3.42% Traditional ROI: 6.28%
102 Leeds Avenue Michigan City, IN Charming Blue 1-Story Ranch Bungalow , this 3-bedroom 2-bath nestled in the heart of Michi...	3 beds \| 2 baths \| 1,078 sq.ft.	$225,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 4.88% Airbnb Rental Income: $1670 Traditional Rental Income: $1631 Airbnb ROI: 2.87% Traditional ROI: 4.88%
4825 E Us Highway 12 Michigan City, IN Welcome to your PERFECT getaway home in Michigan City. Just minutes to the beach, New Buff...	3 beds \| 2 baths \| 1,652 sq.ft.	$319,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 5.09% Airbnb Rental Income: $1670 Traditional Rental Income: $2097 Airbnb ROI: 2.11% Traditional ROI: 5.09%
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: 0.22% Traditional cash on cash: 1.75% Airbnb Rental Income: $2096 Traditional Rental Income: $2403 Airbnb ROI: 0.22% 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.	$199,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 3.52% Airbnb Rental Income: $1289 Traditional Rental Income: $1073 Airbnb ROI: 2.53% Traditional ROI: 3.52%
1807 E Michigan Boulevard Michigan City, IN Absolutely Stunning! Timeless Charm Meets Modern Luxury Step into this beautifully restore...	3 beds \| 2 baths \| 2,120 sq.ft.	$219,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 8.94% Airbnb Rental Income: $1670 Traditional Rental Income: $2268 Airbnb ROI: 3.8% Traditional ROI: 8.94%
112 Carter Road Michigan City, IN Fantastic Lake Michigan beach area bi-level with 4 BRs, 3 BAs. Open floor plan, encourages...	4 beds \| 3 baths \| 2,230 sq.ft.	$450,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 3.95% Airbnb Rental Income: $2096 Traditional Rental Income: $2449 Airbnb ROI: 1.83% Traditional ROI: 3.95%
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.	$585,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 3.71% Airbnb Rental Income: $2766 Traditional Rental Income: $3141 Airbnb ROI: 1.83% Traditional ROI: 3.71%
312 Wilshire Avenue Michigan City, IN Welcome to this beautifully updated brick 3 bedroom, 1 1/2 bath home located in Michigan C...	3 beds \| 2 baths \| 2,918 sq.ft.	$317,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 6.83% Airbnb Rental Income: $1670 Traditional Rental Income: $2614 Airbnb ROI: 2.1% Traditional ROI: 6.83%
118 Jackson Street Michigan City, IN	3 beds \| 2 baths \| 1,642 sq.ft.	$179,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 6.33% Airbnb Rental Income: $1670 Traditional Rental Income: $1523 Airbnb ROI: 4.45% Traditional ROI: 6.33%
7506 W 350 N Michigan City, IN Pride of ownership shines throughout this beautifully maintained 3-bedroom, 2-bath ranch, ...	3 beds \| 2 baths \| 1,544 sq.ft.	$339,900	Airbnb cash on cash: 2.24% Traditional cash on cash: 5.21% Airbnb Rental Income: $1670 Traditional Rental Income: $2151 Airbnb ROI: 2.24% Traditional ROI: 5.21%
506 Washington Park Boulevard Michigan City, IN Enjoy your summers or year around in this beautiful landscaped home. It is very well maint...	4 beds \| 3 baths \| 2,480 sq.ft.	$659,999	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.17% Airbnb Rental Income: $2096 Traditional Rental Income: $3207 Airbnb ROI: 0.49% Traditional ROI: 3.17%
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.	$420,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 2.59% Airbnb Rental Income: $1670 Traditional Rental Income: $1630 Airbnb ROI: 1.5% Traditional ROI: 2.59%
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: 2.49% Traditional cash on cash: 10.8% Airbnb Rental Income: $2766 Traditional Rental Income: $6380 Airbnb ROI: 2.49% Traditional ROI: 10.8%
3820 Hiawatha Drive Michigan City, IN Beach & Woodland Retreat offers the best of both worlds! Just blocks from the beautiful be...	1 beds \| 1 baths \| 1,069 sq.ft.	$549,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 0.9% Airbnb Rental Income: $1289 Traditional Rental Income: $1306 Airbnb ROI: 0.08% Traditional ROI: 0.9%
802 Washington Park Boulevard Michigan City, IN Enjoy easy one level living in this charming ranch situated on a corner lot in a desirable...	3 beds \| 1 baths \| 1,196 sq.ft.	$374,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 2.31% Airbnb Rental Income: $1670 Traditional Rental Income: $1590 Airbnb ROI: 1.21% Traditional ROI: 2.31%
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.	$377,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.26% Airbnb Rental Income: $1670 Traditional Rental Income: $1644 Airbnb ROI: 2.01% Traditional ROI: 3.26%
2 Marine Drive #6 Michigan City, IN Experience the quintessential Michigan City lifestyle in this rarely available 1-bedroom, ...	1 beds \| 1 baths \| 824 sq.ft.	$309,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 0.21% Airbnb Rental Income: $1289 Traditional Rental Income: $1314 Airbnb ROI: -1.27% Traditional ROI: 0.21%
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.	$485,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.16% Airbnb Rental Income: $1670 Traditional Rental Income: $1696 Airbnb ROI: 1.07% Traditional ROI: 2.16%
705 Plymouth Court Michigan City, IN Turn-key 4-bedroom home with a new roof, ideally located near Gardena Park. This property ...	4 beds \| 1 baths \| 1,444 sq.ft.	$175,500	Airbnb cash on cash: 7.24% Traditional cash on cash: 7.17% Airbnb Rental Income: $2096 Traditional Rental Income: $1547 Airbnb ROI: 7.24% Traditional ROI: 7.17%
112 Blaine Street Michigan City, IN This lovingly restored Sheridan Beach cottage is that rare blend of timeless charm and mod...	3 beds \| 2 baths \| 1,384 sq.ft.	$485,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 2.21% Airbnb Rental Income: $1670 Traditional Rental Income: $1727 Airbnb ROI: 1.06% Traditional ROI: 2.21%
3007 Maple Street Michigan City, IN Now is your chance to own this incredible Limestone Ranch on a well-established tree lined...	3 beds \| 2 baths \| 2,395 sq.ft.	$309,900	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.47% Airbnb Rental Income: $1670 Traditional Rental Income: $2319 Airbnb ROI: 1.64% Traditional ROI: 5.47%
1 Marine Drive #1&3 Michigan City, IN This ONE-OF-A-KIND WATERFRONT CONDO offers a rare opportunity to own two units seamlessly ...	3 beds \| 4 baths \| 2,544 sq.ft.	$899,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 2.18% Airbnb Rental Income: $1670 Traditional Rental Income: $3980 Airbnb ROI: -1.14% Traditional ROI: 2.18%
120 Grace Street Michigan City, IN Completely remodeled and truly move-in ready! This beautifully updated 4-bedroom, 2.5-bath...	4 beds \| 3 baths \| 2,142 sq.ft.	$234,900	Airbnb cash on cash: 5.4% Traditional cash on cash: 9.76% Airbnb Rental Income: $2096 Traditional Rental Income: $2526 Airbnb ROI: 5.4% Traditional ROI: 9.76%
10290 Old Grand Beach Road Michigan City, IN Experience peaceful luxury just minutes from Lake Michigan in this rarely used, pristine r...	3 beds \| 2 baths \| 1,692 sq.ft.	$557,900	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.22% Airbnb Rental Income: $1670 Traditional Rental Income: $2325 Airbnb ROI: 0.07% Traditional ROI: 2.22%
122 Memorial Drive Michigan City, IN Freshly updated home on a quiet dead end street! This bi-level has recently been updated w...	4 beds \| 2 baths \| 2,175 sq.ft.	$229,000	Airbnb cash on cash: 4.92% Traditional cash on cash: 8.98% Airbnb Rental Income: $2096 Traditional Rental Income: $2437 Airbnb ROI: 4.92% Traditional ROI: 8.98%
101 Briese Lane Michigan City, IN ONLY TWO MILES TO Lake Michigan / Long Beach! Tucked away in a peaceful wooded setting, th...	3 beds \| 3 baths \| 2,393 sq.ft.	$374,999	Airbnb cash on cash: 1.72% Traditional cash on cash: 6% Airbnb Rental Income: $1670 Traditional Rental Income: $2708 Airbnb ROI: 1.72% Traditional ROI: 6%

Real Estate investment in Michigan-city, IN

There are 68 properties for sale in the city of Michigan City . The median list price in Michigan City is $209,874 and the average price per square foot is $119. In July 2026, the average monthly cash on cash return in Michigan City is 5.00%. The average monthly rental income in Michigan City is $2,166.

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

There are 68 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 $2,166.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

12 Tryon Farm Lane

Michigan City, IN

1 beds | 1 baths | 546 sq.ft.

$229,500

Airbnb cash on cash: -0.15%

Traditional cash on cash: 0.39%

Airbnb Rental Income: $1289

Traditional Rental Income: $1002

Airbnb ROI: -0.15%

Traditional ROI: 0.39%

617 Greentree Drive

Michigan City, IN

3 beds | 2 baths | 1,856 sq.ft.

$309,000

Airbnb cash on cash: 2.18%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1670

Traditional Rental Income: $2204

Airbnb ROI: 2.18%

Traditional ROI: 5.62%

2933 Cleveland Avenue

Michigan City, IN

2 beds | 1 baths | 720 sq.ft.

$139,900

Airbnb cash on cash: 4.18%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1363

Traditional Rental Income: $1058

Airbnb ROI: 4.18%

Traditional ROI: 5.01%

715 S Ashland Avenue

Michigan City, IN

2 beds | 1 baths | 764 sq.ft.

$169,900

Airbnb cash on cash: 3.4%

Traditional cash on cash: 4.05%

Airbnb Rental Income: $1363

Traditional Rental Income: $1053

Airbnb ROI: 3.4%

Traditional ROI: 4.05%

2509 Oak Street

Michigan City, IN

3 beds | 2 baths | 2,261 sq.ft.

$269,999

Airbnb cash on cash: 2.73%

Traditional cash on cash: 7.16%

Airbnb Rental Income: $1670

Traditional Rental Income: $2330

Airbnb ROI: 2.73%

Traditional ROI: 7.16%

724 Dupage Street

Michigan City, IN

3 beds | 1 baths | 1,702 sq.ft.

$199,999

Airbnb cash on cash: 3.81%

Traditional cash on cash: 5.25%

Airbnb Rental Income: $1670

Traditional Rental Income: $1477

Airbnb ROI: 3.81%

Traditional ROI: 5.25%

116 Fogarty Street

Michigan City, IN

4 beds | 3 baths | 2,244 sq.ft.

$599,900

Airbnb cash on cash: 0.82%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2096

Traditional Rental Income: $2451

Airbnb ROI: 0.82%

Traditional ROI: 2.41%

409 Holly Road

Michigan City, IN

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

$210,000

Airbnb cash on cash: 3.42%

Traditional cash on cash: 6.28%

Airbnb Rental Income: $1670

Traditional Rental Income: $1772

Airbnb ROI: 3.42%