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
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: -0.19% Traditional cash on cash: 3.29% Airbnb Rental Income: $1053 Traditional Rental Income: $2135 Airbnb ROI: -0.19% Traditional ROI: 3.29%
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.	$314,900	Airbnb cash on cash: 1.18% Traditional cash on cash: 8.14% Airbnb Rental Income: $1150 Traditional Rental Income: $2830 Airbnb ROI: 1.18% Traditional ROI: 8.14%
118 Krueger Ave Michigan City, IN Built in 2021, this stunning home is just a short walk to the beach and Washington Park an...	3 beds \| 3 baths \| 2,139 sq.ft.	$775,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 0.81% Airbnb Rental Income: $1053 Traditional Rental Income: $1874 Airbnb ROI: -0.83% Traditional ROI: 0.81%
1128 Earl Road Michigan City, IN Welcome home to this nicely updated, move-in ready 3-bedroom, 2-full bath ranch tucked awa...	3 beds \| 2 baths \| 1,120 sq.ft.	$229,900	Airbnb cash on cash: 1.23% Traditional cash on cash: 6.51% Airbnb Rental Income: $1053 Traditional Rental Income: $1837 Airbnb ROI: 1.23% Traditional ROI: 6.51%
126 Dewey St Michigan City, IN Just a few blocks off Michigan Blvd sits this charming 3-bedroom, 2-bath home on a corner ...	3 beds \| 1 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 St Michigan City, IN The perfect 3-bedroom, 2.5-bath home ideally situated in the heart of downtown Michigan Ci...	3 beds \| 2 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 St 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%
2614 Buffalo St Michigan City, IN OPEN HOUSE JANUARY 1/31 11AM-1PM Forget the stress and expense of immediate renovatio...	3 beds \| 1 baths \| 960 sq.ft.	$215,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 5.04% Airbnb Rental Income: $1053 Traditional Rental Income: $1376 Airbnb ROI: 1.58% Traditional ROI: 5.04%
610 Davidson Ave Michigan City, IN This inviting three-bedroom, one-bath house is ready to welcome you. Freshly painted insid...	3 beds \| 1 baths \| 840 sq.ft.	$140,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 11.38% Airbnb Rental Income: $1053 Traditional Rental Income: $1805 Airbnb ROI: 3.07% Traditional ROI: 11.38%
116 Coolspring Cir 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%
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 \| 5 baths \| 3,866 sq.ft.	$650,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.3% Airbnb Rental Income: $1809 Traditional Rental Income: $3141 Airbnb ROI: 0.3% Traditional ROI: 3.3%
1563 Maine Ave 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 Ave Michigan City, IN Brick 3 bedroom home with modern updates throughout. The main level includes a bright livi...	3 beds \| 2 baths \| 2,918 sq.ft.	$344,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 6.18% Airbnb Rental Income: $1053 Traditional Rental Income: $2614 Airbnb ROI: 0.22% Traditional ROI: 6.18%
1213 Franklin Street Michigan City, IN Amazing opportunity to own a mixed-use building. This is a two unit- residential apartment...	5 beds \| N/A baths \| N/A	$285,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.96% Airbnb Rental Income: $1809 Traditional Rental Income: $1663 Airbnb ROI: 2.67% Traditional ROI: 3.96%
105 Hancock Ave 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 Dr Michigan City, IN This newly constructed home was completed in November 2024. This home has several builder ...	3 beds \| 2 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 Blvd 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 Dr 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%
1528 S Woodland Avenue Michigan City, IN This move-in ready, newly built home offers a spacious open-concept design featuring three...	3 beds \| 2 baths \| 1,502 sq.ft.	$279,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 6.92% Airbnb Rental Income: $1053 Traditional Rental Income: $2217 Airbnb ROI: 1.12% Traditional ROI: 6.92%
1941 N Shebel Rd 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: 0.14% Traditional cash on cash: 2.43% Airbnb Rental Income: $1053 Traditional Rental Income: $1630 Airbnb ROI: 0.14% Traditional ROI: 2.43%
717 Pine St Michigan City, IN Step into History and Luxury at the Historic Stockwell Mansion! This exquisitely preserved...	5 beds \| 5 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%
2022 Bellevire Ave Michigan City, IN one-level living in this completely remodelled 2 bed, 2 bath home on a concrete slab with ...	2 beds \| 2 baths \| 1,056 sq.ft.	$465,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.19% Airbnb Rental Income: $1438 Traditional Rental Income: $1669 Airbnb ROI: 0.67% Traditional ROI: 2.19%
706 Hobart St 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 Blvd 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%
100 Lake Shore Dr #204 Michigan City, IN Lakefront Condo with Private Beach and Endless Views! This 3 Bed, 2 Bath Dunescape condo o...	3 beds \| 2 baths \| 1,447 sq.ft.	$613,000	Airbnb cash on cash: -2.38% Traditional cash on cash: 0.69% Airbnb Rental Income: $1053 Traditional Rental Income: $2446 Airbnb ROI: -2.38% Traditional ROI: 0.69%
105 Garrettson Ave Michigan City, IN Spacious ALL BRICK Ranch in Desirable Edgewood Neighborhood! This well-maintained 3-bedroo...	3 beds \| 1 baths \| 2,047 sq.ft.	$239,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 8.68% Airbnb Rental Income: $1053 Traditional Rental Income: $2448 Airbnb ROI: 0.93% Traditional ROI: 8.68%
509 Fir St 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%
105 Belden St 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.	$260,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 7.69% Airbnb Rental Income: $1150 Traditional Rental Income: $2363 Airbnb ROI: 1.2% Traditional ROI: 7.69%
401 E Garfield St Michigan City, IN Great investment property in a nice location in Michigan City. 3 of the 4 1 bedroom , 1 ba...	4 beds \| 4 baths \| 2,184 sq.ft.	$300,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 8.76% Airbnb Rental Income: $1150 Traditional Rental Income: $3146 Airbnb ROI: 0.34% Traditional ROI: 8.76%
205 N Ashland Avenue Michigan City, IN Charming 2-bedroom, 2-bath home just minutes from the beach! The main level offers two com...	2 beds \| 2 baths \| 888 sq.ft.	$120,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 8.83% Airbnb Rental Income: $1010 Traditional Rental Income: $1392 Airbnb ROI: 2.44% Traditional ROI: 8.83%
932 Liberty Trail Michigan City, IN Welcome to this warm and inviting home offering surprising space and thoughtful updates th...	3 beds \| 1 baths \| 1,075 sq.ft.	$169,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 7.6% Airbnb Rental Income: $1053 Traditional Rental Income: $1529 Airbnb ROI: 2.38% Traditional ROI: 7.6%
105 Coolspring Cir 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.	$217,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 6.45% Airbnb Rental Income: $1053 Traditional Rental Income: $1815 Airbnb ROI: 1.04% Traditional ROI: 6.45%
2521 Buffalo St 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.	$160,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 5.94% Airbnb Rental Income: $1010 Traditional Rental Income: $1229 Airbnb ROI: 2.17% Traditional ROI: 5.94%
714 Pearl St 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.	$169,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 7.6% Airbnb Rental Income: $1053 Traditional Rental Income: $1597 Airbnb ROI: 1.99% Traditional ROI: 7.6%
432 Washington Park Blvd 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: 0.55% Traditional cash on cash: 3.23% Airbnb Rental Income: $1053 Traditional Rental Income: $1644 Airbnb ROI: 0.55% Traditional ROI: 3.23%
2 Marine Dr #6 Michigan City, IN Experience the quintessential Michigan City lifestyle in this rarely available 1-bedroom, ...	1 beds \| 1 baths \| 824 sq.ft.	$329,000	Airbnb cash on cash: -3.02% Traditional cash on cash: 0.14% Airbnb Rental Income: $632 Traditional Rental Income: $1314 Airbnb ROI: -3.02% Traditional ROI: 0.14%

Real Estate investment in Michigan-city, IN

There are 128 properties for sale in the city of Michigan City . The median list price in Michigan City is $247,500 and the average price per square foot is $142. In February 2026, the average monthly cash on cash return in Michigan City is 6.00%. The average monthly rental income in Michigan City is $2,135.

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

There are 128 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 $2,135.

Your search for investment property begins and ends here

Investment Property 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: -0.19%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $1053

Traditional Rental Income: $2135

Airbnb ROI: -0.19%

Traditional ROI: 3.29%

211 E Fulton Street

Michigan City, IN

4 beds | 3 baths | 2,051 sq.ft.

$314,900

Airbnb cash on cash: 1.18%

Traditional cash on cash: 8.14%

Airbnb Rental Income: $1150

Traditional Rental Income: $2830

Airbnb ROI: 1.18%

Traditional ROI: 8.14%

118 Krueger Ave

Michigan City, IN

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

$775,000

Airbnb cash on cash: -0.83%

Traditional cash on cash: 0.81%

Airbnb Rental Income: $1053

Traditional Rental Income: $1874

Airbnb ROI: -0.83%

Traditional ROI: 0.81%

1128 Earl Road

Michigan City, IN

3 beds | 2 baths | 1,120 sq.ft.

$229,900

Airbnb cash on cash: 1.23%

Traditional cash on cash: 6.51%

Airbnb Rental Income: $1053

Traditional Rental Income: $1837

Airbnb ROI: 1.23%

Traditional ROI: 6.51%

126 Dewey St

Michigan City, IN

3 beds | 1 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 St

Michigan City, IN

3 beds | 2 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 St

Michigan City, IN

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%

2614 Buffalo St

Michigan City, IN

3 beds | 1 baths | 960 sq.ft.

$215,000

Airbnb cash on cash: 1.58%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $1053

Traditional Rental Income: $1376

Airbnb ROI: 1.58%