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 Ln Michigan City, IN Nestled within the highly sought-after, coveted Tryon Farm community, this exceptional 1-b...	1 beds \| 1 baths \| 546 sq.ft.	$224,500	Airbnb cash on cash: -0.11% Traditional cash on cash: 0.42% Airbnb Rental Income: $1295 Traditional Rental Income: $1002 Airbnb ROI: -0.11% Traditional ROI: 0.42%
2509 Oak St 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.	$249,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 7.47% Airbnb Rental Income: $1676 Traditional Rental Income: $2330 Airbnb ROI: 2.9% Traditional ROI: 7.47%
724 Dupage St 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: 3.84% Traditional cash on cash: 5.25% Airbnb Rental Income: $1676 Traditional Rental Income: $1477 Airbnb ROI: 3.84% Traditional ROI: 5.25%
116 Fogarty St 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: 0.8% Traditional cash on cash: 2.41% Airbnb Rental Income: $2082 Traditional Rental Income: $2451 Airbnb ROI: 0.8% 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: 3.45% Traditional cash on cash: 6.28% Airbnb Rental Income: $1676 Traditional Rental Income: $1772 Airbnb ROI: 3.45% Traditional ROI: 6.28%
102 Leeds Ave Michigan City, IN Charming Blue 1-Story Ranch Bungalow , this 3-bedroom 2-bath nestled in the heart of Michi...	3 beds \| 1 baths \| 1,078 sq.ft.	$210,000	Airbnb cash on cash: 2.89% Traditional cash on cash: 4.88% Airbnb Rental Income: $1676 Traditional Rental Income: $1631 Airbnb ROI: 2.89% 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.	$308,900	Airbnb cash on cash: 2.23% Traditional cash on cash: 5.29% Airbnb Rental Income: $1676 Traditional Rental Income: $2097 Airbnb ROI: 2.23% Traditional ROI: 5.29%
1522 N 425 E Michigan City, IN Welcome to your own private retreat just 3 miles from Lake Michigan beaches! Situated on a...	4 beds \| 3 baths \| 2,880 sq.ft.	$544,900	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.94% Airbnb Rental Income: $2082 Traditional Rental Income: $2883 Airbnb ROI: 1.34% Traditional ROI: 3.94%
514 Birch Tree Ln 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: 2.55% Traditional cash on cash: 3.52% Airbnb Rental Income: $1295 Traditional Rental Income: $1073 Airbnb ROI: 2.55% Traditional ROI: 3.52%
1807 E Michigan Blvd Michigan City, IN Absolutely Stunning! Timeless Charm Meets Modern Luxury Step into this beautifully restore...	3 beds \| 2 baths \| 2,120 sq.ft.	$218,999	Airbnb cash on cash: 3.83% Traditional cash on cash: 8.94% Airbnb Rental Income: $1676 Traditional Rental Income: $2268 Airbnb ROI: 3.83% Traditional ROI: 8.94%
112 Carter Rd 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: 1.8% Traditional cash on cash: 3.95% Airbnb Rental Income: $2082 Traditional Rental Income: $2449 Airbnb ROI: 1.8% Traditional ROI: 3.95%
312 Wilshire Ave Michigan City, IN Welcome to this beautifully updated brick 3 bedroom, 1 1/2 bath home located in Michigan C...	3 beds \| 1 baths \| 2,918 sq.ft.	$310,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 7.01% Airbnb Rental Income: $1676 Traditional Rental Income: $2614 Airbnb ROI: 2.19% Traditional ROI: 7.01%
118 Jackson St Michigan City, IN	3 beds \| 2 baths \| 1,642 sq.ft.	$179,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 6.33% Airbnb Rental Income: $1676 Traditional Rental Income: $1523 Airbnb ROI: 4.48% 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.	$329,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 5.39% Airbnb Rental Income: $1676 Traditional Rental Income: $2151 Airbnb ROI: 2.35% Traditional ROI: 5.39%
506 Washington Park Blvd 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.	$649,999	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.17% Airbnb Rental Income: $2082 Traditional Rental Income: $3207 Airbnb ROI: 0.47% Traditional ROI: 3.17%
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.	$420,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 2.59% Airbnb Rental Income: $1676 Traditional Rental Income: $1630 Airbnb ROI: 1.52% Traditional ROI: 2.59%
802 Washington Park Blvd 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: 1.23% Traditional cash on cash: 2.31% Airbnb Rental Income: $1676 Traditional Rental Income: $1590 Airbnb ROI: 1.23% Traditional ROI: 2.31%
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.	$359,899	Airbnb cash on cash: 2.13% Traditional cash on cash: 3.41% Airbnb Rental Income: $1676 Traditional Rental Income: $1644 Airbnb ROI: 2.13% Traditional ROI: 3.41%
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.	$299,999	Airbnb cash on cash: -1.26% Traditional cash on cash: 0.24% Airbnb Rental Income: $1295 Traditional Rental Income: $1314 Airbnb ROI: -1.26% Traditional ROI: 0.24%
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: 1.07% Traditional cash on cash: 2.21% Airbnb Rental Income: $1676 Traditional Rental Income: $1727 Airbnb ROI: 1.07% Traditional ROI: 2.21%
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: -1.13% Traditional cash on cash: 2.18% Airbnb Rental Income: $1676 Traditional Rental Income: $3980 Airbnb ROI: -1.13% Traditional ROI: 2.18%
120 Grace St Michigan City, IN Completely remodeled and truly move-in ready! This beautifully updated 4-bedroom, 2.5-bath...	4 beds \| 2 baths \| 2,142 sq.ft.	$234,900	Airbnb cash on cash: 5.35% Traditional cash on cash: 9.76% Airbnb Rental Income: $2082 Traditional Rental Income: $2526 Airbnb ROI: 5.35% Traditional ROI: 9.76%
10290 Old Grand Beach Rd 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.	$549,900	Airbnb cash on cash: 0.08% Traditional cash on cash: 2.22% Airbnb Rental Income: $1676 Traditional Rental Income: $2325 Airbnb ROI: 0.08% Traditional ROI: 2.22%
101 Briese Ln 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.	$374,998	Airbnb cash on cash: 1.73% Traditional cash on cash: 6% Airbnb Rental Income: $1676 Traditional Rental Income: $2708 Airbnb ROI: 1.73% Traditional ROI: 6%
218 Fogarty St Michigan City, IN Beautifully remodeled home within walking distance to the beach! The main and upper levels...	2 beds \| 1 baths \| 1,365 sq.ft.	$630,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 0.36% Airbnb Rental Income: $1298 Traditional Rental Income: $1128 Airbnb ROI: -0.04% Traditional ROI: 0.36%
1115 Franklin St Michigan City, IN Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-u...	N/A beds \| 1 baths \| N/A	$529,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 0.27% Airbnb Rental Income: $2105 Traditional Rental Income: $1149 Airbnb ROI: 1.11% Traditional ROI: 0.27%
117 Fir Michigan City, IN Step into this 2, (possible 3), bedroom home, with nearly 1,500 finished sq. ft. of living...	3 beds \| 1 baths \| 1,440 sq.ft.	$105,000	Airbnb cash on cash: 8.76% Traditional cash on cash: 11.04% Airbnb Rental Income: $1676 Traditional Rental Income: $1461 Airbnb ROI: 8.76% Traditional ROI: 11.04%
3003 Wrobel Avenue Michigan City, IN Spacious 3-Bedroom, 2-Bath Ranch Home on 3 City Lots! Enter from the covered front porch t...	3 beds \| 2 baths \| 2,250 sq.ft.	$235,000	Airbnb cash on cash: 3.47% Traditional cash on cash: 9.12% Airbnb Rental Income: $1676 Traditional Rental Income: $2464 Airbnb ROI: 3.47% Traditional ROI: 9.12%
201 Autumn Trl Michigan City, IN Welcome to Edgewood Forest Condominiums-your opportunity for comfortable, spacious, low-ma...	2 beds \| 2 baths \| 2,033 sq.ft.	$375,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 5.44% Airbnb Rental Income: $1298 Traditional Rental Income: $2620 Airbnb ROI: 0.53% Traditional ROI: 5.44%
11 Tryon Farm Ln Michigan City, IN Escape to sustainable luxury at this 2-bedroom, 2-bathroom unit at 11 Tryon Farm Ln. Just ...	2 beds \| 2 baths \| 1,183 sq.ft.	$298,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 3.62% Airbnb Rental Income: $1298 Traditional Rental Income: $1614 Airbnb ROI: 1.15% Traditional ROI: 3.62%
10 Tryon Farm Ln #F10 Michigan City, IN Experience a spectacular mix of contemporary and rustic design in this striking perfectly ...	1 beds \| 1 baths \| 741 sq.ft.	$259,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.08% Airbnb Rental Income: $1295 Traditional Rental Income: $1434 Airbnb ROI: 0.85% Traditional ROI: 3.08%
129 S Lake Ave #A Michigan City, IN This 2-bedroom, 2-bath condo offers 1158 square feet of living space just a short distance...	2 beds \| 2 baths \| 1,158 sq.ft.	$325,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 3.31% Airbnb Rental Income: $1298 Traditional Rental Income: $1739 Airbnb ROI: 0.54% Traditional ROI: 3.31%
320 E 8th Michigan City, IN Great opportunity to own a 5-unit property in the heart of Michigan City, close to the new...	4 beds \| 5 baths \| N/A	$450,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 8.05% Airbnb Rental Income: $2082 Traditional Rental Income: $4569 Airbnb ROI: 1.52% Traditional ROI: 8.05%
11011 W 100 N Michigan City, IN This property has a house that needs TLC, and a large pole barn. It is 50 acres of woods a...	3 beds \| 2 baths \| 3,640 sq.ft.	$675,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 1.07% Airbnb Rental Income: $1676 Traditional Rental Income: $1938 Airbnb ROI: 0.03% Traditional ROI: 1.07%
30 Bristol Dr Michigan City, IN A private Kimball Woods retreat with the kind of setting buyers wait for. Tucked into a be...	4 beds \| 3 baths \| 4,121 sq.ft.	$998,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 1.12% Airbnb Rental Income: $2082 Traditional Rental Income: $2378 Airbnb ROI: 0.23% Traditional ROI: 1.12%
4909 N Brookside Dr Michigan City, IN Pardon a little untidiness while sellers are packing up! Spacious home with 4 bedrooms and...	4 beds \| 2 baths \| 2,352 sq.ft.	$299,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 8.42% Airbnb Rental Income: $2082 Traditional Rental Income: $3032 Airbnb ROI: 3.14% Traditional ROI: 8.42%
208 Lakeshore Dr Michigan City, IN Welcome to your turnkey beach retreat in the highly sought-after Sheridan Beach community ...	5 beds \| 3 baths \| 4,696 sq.ft.	$849,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $5514 Airbnb ROI: N/A Traditional ROI: 4.47%
402 Sheridan Ave Michigan City, IN INVESTOR SPECIAL! Turn your vision into a lucrative cash-flowing asset with the closest Mi...	1 beds \| 1 baths \| N/A	$85,000	Airbnb cash on cash: 8.08% Traditional cash on cash: 8.91% Airbnb Rental Income: $1295 Traditional Rental Income: $960 Airbnb ROI: 8.08% Traditional ROI: 8.91%
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.	$629,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 1.75% Airbnb Rental Income: $1676 Traditional Rental Income: $2098 Airbnb ROI: 0.23% Traditional ROI: 1.75%
3133 Cleveland Ave Michigan City, IN Nestled in the desirable Edgewood neighborhood of Michigan City, this beautifully updated ...	4 beds \| 2 baths \| 2,283 sq.ft.	$319,000	Airbnb cash on cash: 3.21% Traditional cash on cash: 7.58% Airbnb Rental Income: $2082 Traditional Rental Income: $2857 Airbnb ROI: 3.21% Traditional ROI: 7.58%

Real Estate investment in Michigan-city, IN

There are 109 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 $126. In August 2026, the average monthly cash on cash return in Michigan City is 5.00%. The average monthly rental income in Michigan City is $2,098.

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

There are 109 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 $2,098.

Your search for investment property begins and ends here

Investment Property for Sale in Michigan City, IN

12 Tryon Farm Ln

Michigan City, IN

1 beds | 1 baths | 546 sq.ft.

$224,500

Airbnb cash on cash: -0.11%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $1295

Traditional Rental Income: $1002

Airbnb ROI: -0.11%

Traditional ROI: 0.42%

2509 Oak St

Michigan City, IN

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

$249,000

Airbnb cash on cash: 2.9%

Traditional cash on cash: 7.47%

Airbnb Rental Income: $1676

Traditional Rental Income: $2330

Airbnb ROI: 2.9%

Traditional ROI: 7.47%

724 Dupage St

Michigan City, IN

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

$199,999

Airbnb cash on cash: 3.84%

Traditional cash on cash: 5.25%

Airbnb Rental Income: $1676

Traditional Rental Income: $1477

Airbnb ROI: 3.84%

Traditional ROI: 5.25%

116 Fogarty St

Michigan City, IN

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

$599,900

Airbnb cash on cash: 0.8%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2082

Traditional Rental Income: $2451

Airbnb ROI: 0.8%

Traditional ROI: 2.41%

409 Holly Road

Michigan City, IN

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

$210,000

Airbnb cash on cash: 3.45%

Traditional cash on cash: 6.28%

Airbnb Rental Income: $1676

Traditional Rental Income: $1772

Airbnb ROI: 3.45%

Traditional ROI: 6.28%

102 Leeds Ave

Michigan City, IN

3 beds | 1 baths | 1,078 sq.ft.

$210,000

Airbnb cash on cash: 2.89%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $1676

Traditional Rental Income: $1631

Airbnb ROI: 2.89%

Traditional ROI: 4.88%

4825 E Us Highway 12

Michigan City, IN

3 beds | 2 baths | 1,652 sq.ft.

$308,900

Airbnb cash on cash: 2.23%

Traditional cash on cash: 5.29%

Airbnb Rental Income: $1676

Traditional Rental Income: $2097

Airbnb ROI: 2.23%

Traditional ROI: 5.29%

1522 N 425 E

Michigan City, IN

4 beds | 3 baths | 2,880 sq.ft.

$544,900

Airbnb cash on cash: 1.34%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $2082

Traditional Rental Income: $2883

Airbnb ROI: 1.34%