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.

Memphis Investment Property for Sale in Michigan City, IN

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

Showing 67 Memphis Investment Property 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
1714 Tennessee Street Michigan City, IN Delightful 2-3 bedroom home featuring newer vinyl plank floor in living room. Room for for...	2 beds \| 2 baths \| 1,566 sq.ft.	$142,500	Airbnb cash on cash: 2.41% Traditional cash on cash: 5.63% Airbnb Rental Income: $1010 Traditional Rental Income: $1092 Airbnb ROI: 2.41% Traditional ROI: 5.63%
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: -0.83% Traditional cash on cash: 0.83% Airbnb Rental Income: $1053 Traditional Rental Income: $1874 Airbnb ROI: -0.83% Traditional ROI: 0.83%
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: 0.66% Traditional cash on cash: 5.78% Airbnb Rental Income: $1053 Traditional Rental Income: $1967 Airbnb ROI: 0.66% 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: 0.65% Traditional cash on cash: 3.26% Airbnb Rental Income: $1053 Traditional Rental Income: $1269 Airbnb ROI: 0.65% Traditional ROI: 3.26%
1505 Ardendale Avenue Michigan City, IN Investors and property flippers welcomed. Three bedroom, one bath home situated on .39 acr...	3 beds \| N/A baths \| 1,360 sq.ft.	$125,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 11.52% Airbnb Rental Income: $1053 Traditional Rental Income: $1641 Airbnb ROI: 3.61% Traditional ROI: 11.52%
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%
610 Davidson Avenue 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.	$135,000	Airbnb cash on cash: 3.21% Traditional cash on cash: 11.82% Airbnb Rental Income: $1053 Traditional Rental Income: $1805 Airbnb ROI: 3.21% Traditional ROI: 11.82%
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.	$295,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.57% Airbnb Rental Income: $1053 Traditional Rental Income: $2549 Airbnb ROI: -0.13% Traditional ROI: 6.57%
2902 Tilden Avenue Michigan City, IN Welcome to this distinctive 4 bedroom, 2 bath brick home set on just over TWO ACRES in a b...	4 beds \| 4 baths \| 2,314 sq.ft.	$280,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.7% Airbnb Rental Income: $1150 Traditional Rental Income: $1739 Airbnb ROI: 1.02% Traditional ROI: 4.7%
1301 Elston Street Michigan City, IN This charming 4-Bedroom, Single Family Home is in the Heart of Michigan City. It is curren...	4 beds \| 1 baths \| 1,282 sq.ft.	$220,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 1.61% Airbnb Rental Income: $1150 Traditional Rental Income: $722 Airbnb ROI: 1.84% Traditional ROI: 1.61%
2401 Maple Street Michigan City, IN Don't miss this opportunity to own a one-of-a-kind Mid-Century Modern Ranch! This 3-bedroo...	3 beds \| 2 baths \| 2,592 sq.ft.	$239,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 2.82% Airbnb Rental Income: $1053 Traditional Rental Income: $1269 Airbnb ROI: 0.25% Traditional ROI: 2.82%
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 \| 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%
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: 0.23% Traditional cash on cash: 6.22% Airbnb Rental Income: $1053 Traditional Rental Income: $2614 Airbnb ROI: 0.23% Traditional ROI: 6.22%
118 Jackson Street Michigan City, IN	3 beds \| 2 baths \| 1,642 sq.ft.	$179,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 6.33% Airbnb Rental Income: $1053 Traditional Rental Income: $1523 Airbnb ROI: 1.44% Traditional ROI: 6.33%
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%
506 Washington Park Boulevard Michigan City, IN For all those who value outdoor beauty, smart design, and flexible living, this property i...	3 beds \| 3 baths \| 2,957 sq.ft.	$670,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 3.11% Airbnb Rental Income: $1053 Traditional Rental Income: $3207 Airbnb ROI: -0.92% 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%
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%
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.	$495,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 3.33% Airbnb Rental Income: $1053 Traditional Rental Income: $2663 Airbnb ROI: -0.93% Traditional ROI: 3.33%
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%
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: -0.26% Traditional cash on cash: 2.27% Airbnb Rental Income: $1053 Traditional Rental Income: $1590 Airbnb ROI: -0.26% Traditional ROI: 2.27%
100 Lake Shore Drive unit: 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 Belden Street 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.	$220,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 9.24% Airbnb Rental Income: $1150 Traditional Rental Income: $2363 Airbnb ROI: 1.59% Traditional ROI: 9.24%
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%
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: 1.05% Traditional cash on cash: 6.47% Airbnb Rental Income: $1053 Traditional Rental Income: $1815 Airbnb ROI: 1.05% Traditional ROI: 6.47%
2521 Buffalo Street 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.	$158,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 6.03% Airbnb Rental Income: $1010 Traditional Rental Income: $1229 Airbnb ROI: 2.21% Traditional ROI: 6.03%
714 Pearl Street 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.	$159,900	Airbnb cash on cash: 2.17% Traditional cash on cash: 8.12% Airbnb Rental Income: $1053 Traditional Rental Income: $1597 Airbnb ROI: 2.17% Traditional ROI: 8.12%
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: 0.55% Traditional cash on cash: 3.23% Airbnb Rental Income: $1053 Traditional Rental Income: $1644 Airbnb ROI: 0.55% Traditional ROI: 3.23%
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.	$174,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 9.73% Airbnb Rental Income: $1053 Traditional Rental Income: $2124 Airbnb ROI: 1.11% Traditional ROI: 9.73%
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: -1.35% Traditional cash on cash: 2.27% Airbnb Rental Income: $1053 Traditional Rental Income: $2619 Airbnb ROI: -1.35% 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: -1.35% Traditional cash on cash: 2.27% Airbnb Rental Income: $1053 Traditional Rental Income: $2619 Airbnb ROI: -1.35% Traditional ROI: 2.27%
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: -0.09% Traditional cash on cash: 3.74% Airbnb Rental Income: $1010 Traditional Rental Income: $1519 Airbnb ROI: -0.09% Traditional ROI: 3.74%
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: -1.38% Traditional cash on cash: 2.34% Airbnb Rental Income: $1053 Traditional Rental Income: $2768 Airbnb ROI: -1.38% Traditional ROI: 2.34%
107 Center Street Michigan City, IN Exceptional home near Sheridan Beach. This impressive residence is one of the largest home...	3 beds \| 4 baths \| 5,252 sq.ft.	$729,900	Airbnb cash on cash: -0.78% Traditional cash on cash: 2.86% Airbnb Rental Income: $1053 Traditional Rental Income: $3167 Airbnb ROI: -0.78% Traditional ROI: 2.86%
94 Riviera Drive Michigan City, IN Step into the excitement of Riviera Estates with this move-in ready townhome on a large co...	3 beds \| 2 baths \| 1,460 sq.ft.	$275,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 6.12% Airbnb Rental Income: $1053 Traditional Rental Income: $2175 Airbnb ROI: 0.38% Traditional ROI: 6.12%
11111 W 100 N Michigan City, IN Potential in this farmhouse with multiple older outbuildings on 30 acres. Some farmed, som...	3 beds \| 1 baths \| 2,034 sq.ft.	$525,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 1.92% Airbnb Rental Income: $1053 Traditional Rental Income: $1696 Airbnb ROI: -0.13% Traditional ROI: 1.92%

Your search for investment property begins and ends here

Memphis Investment Property for Sale in Michigan City, IN

1714 Tennessee Street

Michigan City, IN

2 beds | 2 baths | 1,566 sq.ft.

$142,500

Airbnb cash on cash: 2.41%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $1010

Traditional Rental Income: $1092

Airbnb ROI: 2.41%

Traditional ROI: 5.63%

118 Krueger Avenue

Michigan City, IN

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

$765,000

Airbnb cash on cash: -0.83%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $1053

Traditional Rental Income: $1874

Airbnb ROI: -0.83%

Traditional ROI: 0.83%

317 Redpath Avenue

Michigan City, IN

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

$265,000

Airbnb cash on cash: 0.66%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $1053

Traditional Rental Income: $1967

Airbnb ROI: 0.66%

Traditional ROI: 5.78%

409 Holly Road

Michigan City, IN

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

$235,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1053

Traditional Rental Income: $1269

Airbnb ROI: 0.65%

Traditional ROI: 3.26%

1505 Ardendale Avenue

Michigan City, IN

3 beds | N/A baths | 1,360 sq.ft.

$125,000

Airbnb cash on cash: 3.61%

Traditional cash on cash: 11.52%

Airbnb Rental Income: $1053

Traditional Rental Income: $1641

Airbnb ROI: 3.61%

Traditional ROI: 11.52%

507 Center Street

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%

610 Davidson Avenue

Michigan City, IN

3 beds | 1 baths | 840 sq.ft.

$135,000

Airbnb cash on cash: 3.21%

Traditional cash on cash: 11.82%

Airbnb Rental Income: $1053

Traditional Rental Income: $1805

Airbnb ROI: 3.21%

Traditional ROI: 11.82%

406 Bolka Avenue

Michigan City, IN

3 beds | 2 baths | 2,344 sq.ft.

$295,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 6.57%

Airbnb Rental Income: $1053

Traditional Rental Income: $2549

Airbnb ROI: -0.13%