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 59 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
805 Liberty Trail Michigan City, IN Welcome to this charming 3-bedroom, 1.5-bath home, currently operating as a successful vac...	3 beds \| 2 baths \| 1,592 sq.ft.	$199,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 9.09% Airbnb Rental Income: $1443 Traditional Rental Income: $2180 Airbnb ROI: 2.91% Traditional ROI: 9.09%
218 Chickadee Trail Michigan City, IN NEW ROOF with 35 year warranty. This charming 3-bedroom, 3-bath home is located on a seren...	3 beds \| 3 baths \| 1,283 sq.ft.	$454,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.95% Airbnb Rental Income: $1443 Traditional Rental Income: $2135 Airbnb ROI: 0.32% Traditional ROI: 2.95%
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: -0.31% Traditional cash on cash: 0.88% Airbnb Rental Income: $1443 Traditional Rental Income: $1874 Airbnb ROI: -0.31% Traditional ROI: 0.88%
61 Timber Trail Michigan City, IN PRICE ADJUSTMENT. A singular opportunity at the Woodlands. One hour to Chicago, by train o...	3 beds \| 3 baths \| 2,046 sq.ft.	$999,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.52% Airbnb Rental Income: $1443 Traditional Rental Income: $2921 Airbnb ROI: -0.53% Traditional ROI: 1.52%
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: 2.76% Traditional cash on cash: 9.72% Airbnb Rental Income: $1341 Traditional Rental Income: $2179 Airbnb ROI: 2.76% Traditional ROI: 9.72%
507 Center Street Michigan City, IN Step back in time while enjoying modern-day luxury in this beautifully restored Victorian ...	4 beds \| 2 baths \| 3,840 sq.ft.	$590,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 1.75% Airbnb Rental Income: $1341 Traditional Rental Income: $2403 Airbnb ROI: -0.93% 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.	$564,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.63% Airbnb Rental Income: $1341 Traditional Rental Income: $2654 Airbnb ROI: -0.64% Traditional ROI: 2.63%
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: 0.87% Traditional cash on cash: 7.39% Airbnb Rental Income: $1341 Traditional Rental Income: $2909 Airbnb ROI: 0.87% 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.	$158,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 9.97% Airbnb Rental Income: $1443 Traditional Rental Income: $1805 Airbnb ROI: 4.73% Traditional ROI: 9.97%
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.	$259,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 7.62% Airbnb Rental Income: $1443 Traditional Rental Income: $2455 Airbnb ROI: 1.74% Traditional ROI: 7.62%
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: 4.26% Traditional cash on cash: 8.46% Airbnb Rental Income: $1341 Traditional Rental Income: $1531 Airbnb ROI: 4.26% 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.	$110,000	Airbnb cash on cash: 6.46% Traditional cash on cash: 6.62% Airbnb Rental Income: $1346 Traditional Rental Income: $950 Airbnb ROI: 6.46% Traditional ROI: 6.62%
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: 1.91% Traditional cash on cash: 4.76% Airbnb Rental Income: $2298 Traditional Rental Income: $3141 Airbnb ROI: 1.91% 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.	$273,999	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.08% Airbnb Rental Income: $1443 Traditional Rental Income: $1451 Airbnb ROI: 2.38% Traditional ROI: 4.08%
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: 1.46% Traditional cash on cash: 6.24% Airbnb Rental Income: $1443 Traditional Rental Income: $2184 Airbnb ROI: 1.46% Traditional ROI: 6.24%
152 Mayfield Drive Michigan City, IN Welcome to this beautiful move-in-ready 3 bedroom, 2 bath home with a two-car garage on an...	3 beds \| 2 baths \| 2,057 sq.ft.	$375,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 6.48% Airbnb Rental Income: $1443 Traditional Rental Income: $2743 Airbnb ROI: 1.56% Traditional ROI: 6.48%
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.	$199,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 4.62% Airbnb Rental Income: $1443 Traditional Rental Income: $1251 Airbnb ROI: 3.37% Traditional ROI: 4.62%
616 Hobart Street Michigan City, IN Lovingly Restored Blue Cape Cod, with a sunny disposition, boasts 2112 SQ FT of thoughtful...	4 beds \| 3 baths \| 2,112 sq.ft.	$249,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 9.89% Airbnb Rental Income: $1341 Traditional Rental Income: $2793 Airbnb ROI: 1.97% Traditional ROI: 9.89%
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: 9.59% Traditional cash on cash: 9.25% Airbnb Rental Income: $2298 Traditional Rental Income: $1677 Airbnb ROI: 9.59% 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: 4.54% Traditional cash on cash: 6.57% Airbnb Rental Income: $1346 Traditional Rental Income: $1205 Airbnb ROI: 4.54% 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.	$374,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 7.04% Airbnb Rental Income: $1443 Traditional Rental Income: $2935 Airbnb ROI: 1.57% Traditional ROI: 7.04%
133 Crestwood Drive Michigan City, IN Major Price Improvements! This isn't your average bi-level! This spacious 5-6 bedroom hom...	5 beds \| 3 baths \| 2,472 sq.ft.	$249,999	Airbnb cash on cash: 5.44% Traditional cash on cash: 10.78% Airbnb Rental Income: $2298 Traditional Rental Income: $2987 Airbnb ROI: 5.44% Traditional ROI: 10.78%
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: 6.22% Traditional cash on cash: 10.08% Airbnb Rental Income: $2298 Traditional Rental Income: $2422 Airbnb ROI: 6.22% 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.	$680,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.05% Airbnb Rental Income: $1341 Traditional Rental Income: $3207 Airbnb ROI: -0.54% Traditional ROI: 3.05%
3308 Tilden Avenue Michigan City, IN Classic Two-Story Home with Many Recent Updates! Step into timeless comfort in this well-...	3 beds \| 2 baths \| 1,853 sq.ft.	$260,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 6.91% Airbnb Rental Income: $1443 Traditional Rental Income: $2194 Airbnb ROI: 2.1% Traditional ROI: 6.91%
103 Mayfield Drive Michigan City, IN NEW CONSTRUCTION featuring energy saving technology and engineering.Custom 4+ bedroom/ 3 b...	4 beds \| 3 baths \| 2,715 sq.ft.	$525,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 4.88% Airbnb Rental Income: $1341 Traditional Rental Income: $3004 Airbnb ROI: 0.65% Traditional ROI: 4.88%
4409 W Dunes Highway Michigan City, IN Nestled in the Town of Pines and so very close to Lake Michigan, this sweet cottage could ...	2 beds \| 1 baths \| 1,384 sq.ft.	$178,880	Airbnb cash on cash: 3.22% Traditional cash on cash: 5.6% Airbnb Rental Income: $1346 Traditional Rental Income: $1339 Airbnb ROI: 3.22% Traditional ROI: 5.6%
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: -0.15% Traditional cash on cash: 1.65% Airbnb Rental Income: $2298 Traditional Rental Income: $3229 Airbnb ROI: -0.15% Traditional ROI: 1.65%
810 Washington Park Boulevard Michigan City, IN New construction in Beachwalk - The Jasmine Model! Builder offering PRE CONSTRUCTION DISCO...	5 beds \| 3 baths \| 2,775 sq.ft.	$925,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.38% Airbnb Rental Income: $2298 Traditional Rental Income: $3091 Airbnb ROI: -0.21% 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: 0.93% Traditional cash on cash: 2.43% Airbnb Rental Income: $1443 Traditional Rental Income: $1630 Airbnb ROI: 0.93% 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: 0.25% Traditional cash on cash: 1.3% Airbnb Rental Income: $1346 Traditional Rental Income: $1321 Airbnb ROI: 0.25% 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: 2.38% Traditional cash on cash: 3.71% Airbnb Rental Income: $1443 Traditional Rental Income: $1365 Airbnb ROI: 2.38% 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.	$320,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.25% Airbnb Rental Income: $1346 Traditional Rental Income: $1482 Airbnb ROI: 1.42% Traditional ROI: 3.25%

Your search for investment property begins and ends here

Single Family Homes for Sale in Michigan City, IN

805 Liberty Trail

Michigan City, IN

3 beds | 2 baths | 1,592 sq.ft.

$199,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 9.09%

Airbnb Rental Income: $1443

Traditional Rental Income: $2180

Airbnb ROI: 2.91%

Traditional ROI: 9.09%

218 Chickadee Trail

Michigan City, IN

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

$454,900

Airbnb cash on cash: 0.32%

Traditional cash on cash: 2.95%

Airbnb Rental Income: $1443

Traditional Rental Income: $2135

Airbnb ROI: 0.32%

Traditional ROI: 2.95%

118 Krueger Avenue

Michigan City, IN

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

$775,000

Airbnb cash on cash: -0.31%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $1443

Traditional Rental Income: $1874

Airbnb ROI: -0.31%

Traditional ROI: 0.88%

61 Timber Trail

Michigan City, IN

3 beds | 3 baths | 2,046 sq.ft.

$999,900

Airbnb cash on cash: -0.53%

Traditional cash on cash: 1.52%

Airbnb Rental Income: $1443

Traditional Rental Income: $2921

Airbnb ROI: -0.53%

Traditional ROI: 1.52%

403 Cloud Street

Michigan City, IN

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

$189,000

Airbnb cash on cash: 2.76%

Traditional cash on cash: 9.72%

Airbnb Rental Income: $1341

Traditional Rental Income: $2179

Airbnb ROI: 2.76%

Traditional ROI: 9.72%

507 Center Street

Michigan City, IN

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

$590,000

Airbnb cash on cash: -0.93%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $1341

Traditional Rental Income: $2403

Airbnb ROI: -0.93%

Traditional ROI: 1.75%

110 Fogarty Street

Michigan City, IN

4 beds | 3 baths | 2,318 sq.ft.

$564,900

Airbnb cash on cash: -0.64%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $1341

Traditional Rental Income: $2654

Airbnb ROI: -0.64%

Traditional ROI: 2.63%

321 S Park Street

Michigan City, IN

4 beds | 3 baths | 2,453 sq.ft.

$323,000

Airbnb cash on cash: 0.87%

Traditional cash on cash: 7.39%

Airbnb Rental Income: $1341

Traditional Rental Income: $2909

Airbnb ROI: 0.87%