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
2414 Manhattan Street Michigan City, IN Welcome home! This charming ranch style home is ready to be yours! The roof was replaced i...	3 beds \| 1 baths \| 840 sq.ft.	$157,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 7.16% Airbnb Rental Income: $822 Traditional Rental Income: $1377 Airbnb ROI: 1.28% Traditional ROI: 7.16%
6707 W 400 N Michigan City, IN This home is literally one of a kind! Outdoor & Car enthusiasts--don't miss two garages wi...	3 beds \| 4 baths \| 3,084 sq.ft.	$360,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 8.68% Airbnb Rental Income: $822 Traditional Rental Income: $3839 Airbnb ROI: -1.21% Traditional ROI: 8.68%
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.	$179,500	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.79% Airbnb Rental Income: $779 Traditional Rental Income: $1053 Airbnb ROI: 0.32% Traditional ROI: 3.79%
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: -1.1% Traditional cash on cash: 0.83% Airbnb Rental Income: $822 Traditional Rental Income: $1874 Airbnb ROI: -1.1% Traditional ROI: 0.83%
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.	$209,999	Airbnb cash on cash: 0.04% Traditional cash on cash: 4.96% Airbnb Rental Income: $822 Traditional Rental Income: $1477 Airbnb ROI: 0.04% Traditional ROI: 4.96%
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.	$615,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 2.33% Airbnb Rental Income: $741 Traditional Rental Income: $2451 Airbnb ROI: -1.19% Traditional ROI: 2.33%
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: -0.11% Traditional cash on cash: 5.78% Airbnb Rental Income: $822 Traditional Rental Income: $1967 Airbnb ROI: -0.11% 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: -0.22% Traditional cash on cash: 5.52% Airbnb Rental Income: $822 Traditional Rental Income: $1772 Airbnb ROI: -0.22% 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: -0.26% Traditional cash on cash: 2.77% Airbnb Rental Income: $822 Traditional Rental Income: $1423 Airbnb ROI: -0.26% Traditional ROI: 2.77%
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.	$250,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 4.3% Airbnb Rental Income: $822 Traditional Rental Income: $1631 Airbnb ROI: -0.5% Traditional ROI: 4.3%
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: -1.83% Traditional cash on cash: 1.75% Airbnb Rental Income: $741 Traditional Rental Income: $2403 Airbnb ROI: -1.83% 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.	$247,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.66% Airbnb Rental Income: $619 Traditional Rental Income: $1073 Airbnb ROI: -0.54% Traditional ROI: 2.66%
1545 Maple St Michigan City, IN Attention Investors!! This 2 bedroom, 1 bath home is just minutes from the National Lakesh...	2 beds \| 1 baths \| 748 sq.ft.	$59,900	Airbnb cash on cash: 1.95% Traditional cash on cash: 11.12% Airbnb Rental Income: $779 Traditional Rental Income: $1011 Airbnb ROI: 1.95% Traditional ROI: 11.12%
318 Village Road Michigan City, IN Welcome home to this charming 3 bedroom 1 bathroom home in Michigan City. This well mainta...	3 beds \| 1 baths \| 936 sq.ft.	$165,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 6.55% Airbnb Rental Income: $822 Traditional Rental Income: $1430 Airbnb ROI: 0.62% Traditional ROI: 6.55%
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.	$293,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 6.62% Airbnb Rental Income: $822 Traditional Rental Income: $2549 Airbnb ROI: -0.82% Traditional ROI: 6.62%
715 Pearl Street Michigan City, IN Step into this beautifully maintained Michigan City bungalow at 715 Pearl St, where classi...	2 beds \| 1 baths \| 953 sq.ft.	$175,000	Airbnb cash on cash: 0% Traditional cash on cash: 4.7% Airbnb Rental Income: $779 Traditional Rental Income: $1244 Airbnb ROI: 0% Traditional ROI: 4.7%
1441 N Wozniak Rd 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.	$595,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.63% Airbnb Rental Income: $1567 Traditional Rental Income: $3141 Airbnb ROI: -0.01% Traditional ROI: 3.63%
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: -0.37% Traditional cash on cash: 6.22% Airbnb Rental Income: $822 Traditional Rental Income: $2614 Airbnb ROI: -0.37% Traditional ROI: 6.22%
118 Jackson Street Michigan City, IN	3 beds \| 2 baths \| 1,642 sq.ft.	$179,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 6.33% Airbnb Rental Income: $822 Traditional Rental Income: $1523 Airbnb ROI: 0.31% Traditional ROI: 6.33%
105 Hancock Avenue Michigan City, IN Generating a solid 9.15 CAP rate, this property delivers immediate cash flow with addition...	5 beds \| 1 baths \| 1,727 sq.ft.	$149,000	Airbnb cash on cash: 5.3% Traditional cash on cash: 9.22% Airbnb Rental Income: $1567 Traditional Rental Income: $1677 Airbnb ROI: 5.3% Traditional ROI: 9.22%
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: $741 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.	$420,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 2.59% Airbnb Rental Income: $822 Traditional Rental Income: $1630 Airbnb ROI: -0.29% Traditional ROI: 2.59%
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.	$499,900	Airbnb cash on cash: -1.35% Traditional cash on cash: 3.29% Airbnb Rental Income: $822 Traditional Rental Income: $2663 Airbnb ROI: -1.35% Traditional ROI: 3.29%
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: 0.54% Traditional cash on cash: 10.8% Airbnb Rental Income: $1567 Traditional Rental Income: $6380 Airbnb ROI: 0.54% 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: -0.8% Traditional cash on cash: 2.27% Airbnb Rental Income: $822 Traditional Rental Income: $1590 Airbnb ROI: -0.8% Traditional ROI: 2.27%
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: 0.12% Traditional cash on cash: 6.47% Airbnb Rental Income: $822 Traditional Rental Income: $1815 Airbnb ROI: 0.12% Traditional ROI: 6.47%
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: 0.01% Traditional cash on cash: 3.23% Airbnb Rental Income: $822 Traditional Rental Income: $1644 Airbnb ROI: 0.01% Traditional ROI: 3.23%
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.	$324,999	Airbnb cash on cash: -3.08% Traditional cash on cash: 0.15% Airbnb Rental Income: $619 Traditional Rental Income: $1314 Airbnb ROI: -3.08% Traditional ROI: 0.15%
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.	$169,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 10.09% Airbnb Rental Income: $822 Traditional Rental Income: $2124 Airbnb ROI: -0.01% Traditional ROI: 10.09%
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: -1.71% Traditional cash on cash: 2.27% Airbnb Rental Income: $822 Traditional Rental Income: $2619 Airbnb ROI: -1.71% 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: -1.71% Traditional cash on cash: 2.27% Airbnb Rental Income: $822 Traditional Rental Income: $2619 Airbnb ROI: -1.71% Traditional ROI: 2.27%
0 Lake Shore Dr Michigan City, IN 0 Lake Shore Dr, Michigan City, IN 46360 \| Other	N/A beds \| N/A baths \| N/A	$495,000	Airbnb cash on cash: -1.27% Traditional cash on cash: -0.19% Airbnb Rental Income: $657 Traditional Rental Income: $859 Airbnb ROI: -1.27% Traditional ROI: -0.19%
127 Bellflower Dr Michigan City, IN 127 Bellflower Dr, Michigan City, IN 46360 \| Single Family Residential	4 beds \| 2 baths \| 2,072 sq.ft.	$329,900	Airbnb cash on cash: -0.88% Traditional cash on cash: 4.01% Airbnb Rental Income: $741 Traditional Rental Income: $1944 Airbnb ROI: -0.88% Traditional ROI: 4.01%
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: -0.94% Traditional cash on cash: 3.74% Airbnb Rental Income: $779 Traditional Rental Income: $1519 Airbnb ROI: -0.94% Traditional ROI: 3.74%
0 Ridge Rd Michigan City, IN 0 Ridge Rd, Michigan City, IN 46360 \| Other	N/A beds \| N/A baths \| N/A	$699,000	Airbnb cash on cash: -1.44% Traditional cash on cash: -1.25% Airbnb Rental Income: $657 Traditional Rental Income: $477 Airbnb ROI: -1.44% Traditional ROI: -1.25%
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: -1.72% Traditional cash on cash: 2.34% Airbnb Rental Income: $822 Traditional Rental Income: $2768 Airbnb ROI: -1.72% Traditional ROI: 2.34%

Real Estate investment in Michigan-city, IN

There are 82 properties for sale in the city of Michigan City . The median list price in Michigan City is $247,000 and the average price per square foot is $146. In May 2026, the average monthly cash on cash return in Michigan City is 5.00%. The average monthly rental income in Michigan City is $1,944.

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

There are 82 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 $822.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

2414 Manhattan Street

Michigan City, IN

3 beds | 1 baths | 840 sq.ft.

$157,000

Airbnb cash on cash: 1.28%

Traditional cash on cash: 7.16%

Airbnb Rental Income: $822

Traditional Rental Income: $1377

Airbnb ROI: 1.28%

Traditional ROI: 7.16%

6707 W 400 N

Michigan City, IN

3 beds | 4 baths | 3,084 sq.ft.

$360,000

Airbnb cash on cash: -1.21%

Traditional cash on cash: 8.68%

Airbnb Rental Income: $822

Traditional Rental Income: $3839

Airbnb ROI: -1.21%

Traditional ROI: 8.68%

715 S Ashland Avenue

Michigan City, IN

2 beds | 1 baths | 764 sq.ft.

$179,500

Airbnb cash on cash: 0.32%

Traditional cash on cash: 3.79%

Airbnb Rental Income: $779

Traditional Rental Income: $1053

Airbnb ROI: 0.32%

Traditional ROI: 3.79%

118 Krueger Avenue

Michigan City, IN

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

$765,000

Airbnb cash on cash: -1.1%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $822

Traditional Rental Income: $1874

Airbnb ROI: -1.1%

Traditional ROI: 0.83%

724 Dupage Street

Michigan City, IN

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

$209,999

Airbnb cash on cash: 0.04%

Traditional cash on cash: 4.96%

Airbnb Rental Income: $822

Traditional Rental Income: $1477

Airbnb ROI: 0.04%

Traditional ROI: 4.96%

116 Fogarty Street

Michigan City, IN

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

$615,000

Airbnb cash on cash: -1.19%

Traditional cash on cash: 2.33%

Airbnb Rental Income: $741

Traditional Rental Income: $2451

Airbnb ROI: -1.19%

Traditional ROI: 2.33%

317 Redpath Avenue

Michigan City, IN

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

$265,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $822

Traditional Rental Income: $1967

Airbnb ROI: -0.11%

Traditional ROI: 5.78%

409 Holly Road

Michigan City, IN

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

$235,000

Airbnb cash on cash: -0.22%

Traditional cash on cash: 5.52%

Airbnb Rental Income: $822

Traditional Rental Income: $1772

Airbnb ROI: -0.22%