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.

Single Family Homes for Sale in Michigan City, IN

Search for Single Family Residential for Sale in Michigan City, Indiana. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 48 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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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: -0.41% 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.	$325,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 7.86% Airbnb Rental Income: $1150 Traditional Rental Income: $2830 Airbnb ROI: 1.11% Traditional ROI: 7.86%
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.	$166,500	Airbnb cash on cash: 1.68% Traditional cash on cash: 5.87% Airbnb Rental Income: $1053 Traditional Rental Income: $1354 Airbnb ROI: 1.68% Traditional ROI: 5.87%
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.	$535,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 2.83% Airbnb Rental Income: $1150 Traditional Rental Income: $2654 Airbnb ROI: -0.94% Traditional ROI: 2.83%
2614 Buffalo Street Michigan City, IN ** Seller is offering a $4,000 credit towards buyers closing cost with a full price offer ...	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%
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%
1563 Maine Avenue 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%
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.	$349,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 6.08% Airbnb Rental Income: $1053 Traditional Rental Income: $2614 Airbnb ROI: 0.2% Traditional ROI: 6.08%
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.	$175,000	Airbnb cash on cash: 2% Traditional cash on cash: 5.37% Airbnb Rental Income: $1053 Traditional Rental Income: $1251 Airbnb ROI: 2% Traditional ROI: 5.37%
517 E Barker Avenue Michigan City, IN Great opportunity to own a turnkey bar/restaurant and well maintained apartment! This ful...	4 beds \| 1 baths \| 1,700 sq.ft.	$250,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 2.93% Airbnb Rental Income: $1150 Traditional Rental Income: $1308 Airbnb ROI: 0.65% 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 w...	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%
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%
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%
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.	$440,000	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%
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%
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: 0.94% Traditional cash on cash: 10.8% Airbnb Rental Income: $1809 Traditional Rental Income: $6380 Airbnb ROI: 0.94% Traditional ROI: 10.8%
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%
1930 Tennessee Street Michigan City, IN Welcome to this beautifully remodeled 4-bedroom, 2-bath home with a bright open-concept la...	4 beds \| 2 baths \| 1,596 sq.ft.	$167,500	Airbnb cash on cash: 2.59% Traditional cash on cash: 8.64% Airbnb Rental Income: $1150 Traditional Rental Income: $1736 Airbnb ROI: 2.59% Traditional ROI: 8.64%
404 Cricket Lane Michigan City, IN This well-maintained 3-bedroom, 1.5-bathroom ranch offers a welcoming open-concept layout ...	3 beds \| 2 baths \| 1,512 sq.ft.	$259,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 6.66% Airbnb Rental Income: $1053 Traditional Rental Income: $2121 Airbnb ROI: 0.82% Traditional ROI: 6.66%
706 Hobart Street Michigan City, IN Welcome to your new retreat in Michigan City! This charming 1 bedroom, 1 bath home offers ...	1 beds \| 1 baths \| 740 sq.ft.	$120,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 6.43% Airbnb Rental Income: $632 Traditional Rental Income: $962 Airbnb ROI: 1.03% Traditional ROI: 6.43%
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.	$389,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 2.19% Airbnb Rental Income: $1053 Traditional Rental Income: $1590 Airbnb ROI: -0.28% 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%
105 Garrettson Avenue Michigan City, IN Spacious ALL BRICK Ranch in Desirable Edgewood Neighborhood! This well-maintained 3-bedroo...	3 beds \| 2 baths \| 2,047 sq.ft.	$249,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 8.3% Airbnb Rental Income: $1053 Traditional Rental Income: $2448 Airbnb ROI: 0.85% Traditional ROI: 8.3%
509 Fir Street Michigan City, IN Nestled in an established neighborhood, this 4-bedroom, 2-bath home offers a fantastic opp...	4 beds \| 2 baths \| 2,391 sq.ft.	$204,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 10.35% Airbnb Rental Income: $1150 Traditional Rental Income: $2465 Airbnb ROI: 1.59% Traditional ROI: 10.35%
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%
7232 W Lynwood Drive Michigan City, IN Step inside this classic brick ranch filled with character and warmth. With 3 comfortable ...	3 beds \| 2 baths \| 2,119 sq.ft.	$325,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 6.15% Airbnb Rental Income: $1053 Traditional Rental Income: $2442 Airbnb ROI: 0.42% Traditional ROI: 6.15%
318 Gardena Street Michigan City, IN Hey there! If you're searching for a cozy spot close to Gardena Park, you're going to love...	2 beds \| 1 baths \| 1,496 sq.ft.	$140,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 8.16% Airbnb Rental Income: $1010 Traditional Rental Income: $1392 Airbnb ROI: 2.65% Traditional ROI: 8.16%
314 Cloud Street Michigan City, IN Absolutely Adorable & Move-In Ready! You'll fall in love the moment you walk in. The charm...	2 beds \| 1 baths \| 864 sq.ft.	$169,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 6.02% Airbnb Rental Income: $1010 Traditional Rental Income: $1337 Airbnb ROI: 1.8% Traditional ROI: 6.02%

Your search for investment property begins and ends here

Single Family Homes 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.

$325,000

Airbnb cash on cash: 1.11%

Traditional cash on cash: 7.86%

Airbnb Rental Income: $1150

Traditional Rental Income: $2830

Airbnb ROI: 1.11%

Traditional ROI: 7.86%

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.

$166,500

Airbnb cash on cash: 1.68%

Traditional cash on cash: 5.87%

Airbnb Rental Income: $1053

Traditional Rental Income: $1354

Airbnb ROI: 1.68%

Traditional ROI: 5.87%

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%