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 52 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
1666 County Line Road Michigan City, IN Located in the quaint, Pines area; Michigan City address only. Spacious, Beautifully updat...	3 beds \| 2 baths \| 2,207 sq.ft.	$274,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 7.26% Airbnb Rental Income: $1697 Traditional Rental Income: $2486 Airbnb ROI: 2.4% Traditional ROI: 7.26%
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: 4.03% Traditional cash on cash: 9.09% Airbnb Rental Income: $1697 Traditional Rental Income: $2180 Airbnb ROI: 4.03% Traditional ROI: 9.09%
106 1/2 California Avenue Michigan City, IN Lake Michigan Beaches with your next best STR investment! Two bedroom, one bath, turn-key ...	2 beds \| 1 baths \| 972 sq.ft.	$369,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 1.05% Airbnb Rental Income: $1562 Traditional Rental Income: $1353 Airbnb ROI: 0.35% Traditional ROI: 1.05%
3003 Jackson Street Michigan City, IN Cute home in quiet south side neighborhood. Some renovation work in progress. New floors ...	3 beds \| 2 baths \| 1,768 sq.ft.	$159,000	Airbnb cash on cash: 5.51% Traditional cash on cash: 11.26% Airbnb Rental Income: $1697 Traditional Rental Income: $2099 Airbnb ROI: 5.51% Traditional ROI: 11.26%
1104 Tryon Road Michigan City, IN Don't Miss this Charming Home with Endless Potential!Nestled on just under an acre of land...	2 beds \| 2 baths \| 990 sq.ft.	$299,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 3.94% Airbnb Rental Income: $1562 Traditional Rental Income: $1628 Airbnb ROI: 2.11% Traditional ROI: 3.94%
8722 N 500 W Michigan City, IN Tucked away on 5 private acres, this secluded ranch home offers the perfect balance of pea...	2 beds \| 2 baths \| 1,188 sq.ft.	$289,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 2% Airbnb Rental Income: $1562 Traditional Rental Income: $1092 Airbnb ROI: 2.07% Traditional ROI: 2%
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: 2.9% Traditional cash on cash: 7.39% Airbnb Rental Income: $2080 Traditional Rental Income: $2909 Airbnb ROI: 2.9% 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.	$175,000	Airbnb cash on cash: 5.46% Traditional cash on cash: 8.94% Airbnb Rental Income: $1697 Traditional Rental Income: $1805 Airbnb ROI: 5.46% Traditional ROI: 8.94%
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.	$274,900	Airbnb cash on cash: 2.41% Traditional cash on cash: 7.15% Airbnb Rental Income: $1697 Traditional Rental Income: $2455 Airbnb ROI: 2.41% Traditional ROI: 7.15%
520 Johnson Road Michigan City, IN Welcome to this inviting 3-bedroom, 1-bathroom home in the heart of Trail Creek, offering ...	3 beds \| 1 baths \| 1,112 sq.ft.	$219,900	Airbnb cash on cash: 4.03% Traditional cash on cash: 3.75% Airbnb Rental Income: $1697 Traditional Rental Income: $1167 Airbnb ROI: 4.03% Traditional ROI: 3.75%
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: 8.56% Traditional cash on cash: 8.46% Airbnb Rental Income: $2080 Traditional Rental Income: $1531 Airbnb ROI: 8.56% Traditional ROI: 8.46%
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.	$545,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 4.61% Airbnb Rental Income: $2648 Traditional Rental Income: $3141 Airbnb ROI: 2.4% Traditional ROI: 4.61%
611 Benton Street Michigan City, IN New roof, new windows, new furnace, new hot water heater, new entry doors, updated plumbin...	3 beds \| 2 baths \| 1,035 sq.ft.	$169,999	Airbnb cash on cash: 4.94% Traditional cash on cash: 7.84% Airbnb Rental Income: $1697 Traditional Rental Income: $1696 Airbnb ROI: 4.94% Traditional ROI: 7.84%
304 Gardena Street Michigan City, IN Charming storybook bungalow lovingly updated and move-in ready! Freshly painted inside and...	3 beds \| 1 baths \| 913 sq.ft.	$229,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 3.9% Airbnb Rental Income: $1697 Traditional Rental Income: $1251 Airbnb ROI: 3.78% Traditional ROI: 3.9%
7395 W Johnson Road Michigan City, IN Wow, this property is absolutely the one! Sitting on a breathtaking bluff with Trail Creek...	4 beds \| 2 baths \| 1,877 sq.ft.	$248,000	Airbnb cash on cash: 4.23% Traditional cash on cash: 7.97% Airbnb Rental Income: $2080 Traditional Rental Income: $2419 Airbnb ROI: 4.23% Traditional ROI: 7.97%
105 Wilshire Avenue Michigan City, IN REASONABLE AND READY SELLERS ! Let's talk outdoor indoor living! With TWO sunrooms, an...	4 beds \| 4 baths \| 2,640 sq.ft.	$289,900	Airbnb cash on cash: 3.63% Traditional cash on cash: 11.04% Airbnb Rental Income: $2080 Traditional Rental Income: $3567 Airbnb ROI: 3.63% Traditional ROI: 11.04%
510 S Lake Avenue Michigan City, IN New in 2022. Optimal investment opportunity and/or personal vacation or full time home. An...	3 beds \| 3 baths \| 1,826 sq.ft.	$549,900	Airbnb cash on cash: -0.43% Traditional cash on cash: 2.41% Airbnb Rental Income: $1697 Traditional Rental Income: $2684 Airbnb ROI: -0.43% Traditional ROI: 2.41%
719 Cedar Street Michigan City, IN Cute, clean, move-in ready 3br/1ba Victorian home in great central Michigan City location!...	3 beds \| 1 baths \| 1,139 sq.ft.	$118,000	Airbnb cash on cash: 7.92% Traditional cash on cash: 10.3% Airbnb Rental Income: $1697 Traditional Rental Income: $1496 Airbnb ROI: 7.92% Traditional ROI: 10.3%
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: 5.88% Traditional cash on cash: 6.57% Airbnb Rental Income: $1562 Traditional Rental Income: $1205 Airbnb ROI: 5.88% 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: 2.18% Traditional cash on cash: 7.04% Airbnb Rental Income: $1697 Traditional Rental Income: $2935 Airbnb ROI: 2.18% Traditional ROI: 7.04%
133 Crestwood Drive Michigan City, IN Price Improvement and Fresh Updates!This isn't your average bi-level! This spacious 5-6 be...	5 beds \| 3 baths \| 2,472 sq.ft.	$265,000	Airbnb cash on cash: 6.25% Traditional cash on cash: 10.13% Airbnb Rental Income: $2648 Traditional Rental Income: $2987 Airbnb ROI: 6.25% Traditional ROI: 10.13%
336 Chestnut Street Michigan City, IN This 5 Bedroom, 2 bath, 1.5 story home has an attached garage and a pass-through den which...	5 beds \| 2 baths \| 1,759 sq.ft.	$199,900	Airbnb cash on cash: 7.39% Traditional cash on cash: 9.52% Airbnb Rental Income: $2648 Traditional Rental Income: $2422 Airbnb ROI: 7.39% Traditional ROI: 9.52%
3308 Tilden Avenue Michigan City, IN Classic Two-Story Home with Many Recent Updates!Step into timeless comfort in this well-ma...	3 beds \| 2 baths \| 1,853 sq.ft.	$269,900	Airbnb cash on cash: 2.82% Traditional cash on cash: 6.62% Airbnb Rental Income: $1697 Traditional Rental Income: $2194 Airbnb ROI: 2.82% Traditional ROI: 6.62%
161 Boyd Circle Michigan City, IN Welcome to your future! This charming ranch home, nestled on a prime corner lot in Michiga...	3 beds \| 2 baths \| 1,570 sq.ft.	$299,999	Airbnb cash on cash: 2.18% Traditional cash on cash: 5.5% Airbnb Rental Income: $1697 Traditional Rental Income: $2164 Airbnb ROI: 2.18% Traditional ROI: 5.5%
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: 1.91% Traditional cash on cash: 4.88% Airbnb Rental Income: $2080 Traditional Rental Income: $3004 Airbnb ROI: 1.91% 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.	$179,880	Airbnb cash on cash: 4.25% Traditional cash on cash: 5.57% Airbnb Rental Income: $1562 Traditional Rental Income: $1339 Airbnb ROI: 4.25% Traditional ROI: 5.57%
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: 0.2% Traditional cash on cash: 1.65% Airbnb Rental Income: $2648 Traditional Rental Income: $3229 Airbnb ROI: 0.2% 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: 0.13% Traditional cash on cash: 1.38% Airbnb Rental Income: $2648 Traditional Rental Income: $3091 Airbnb ROI: 0.13% Traditional ROI: 1.38%
109 Davis Drive Michigan City, IN Motivated Sellers!TWO SEPARATE PARCELS! Move-in-ready 3-bed, 2-bath home tucked away on a ...	3 beds \| 2 baths \| 1,397 sq.ft.	$355,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 4.56% Airbnb Rental Income: $1697 Traditional Rental Income: $2088 Airbnb ROI: 1.97% Traditional ROI: 4.56%
4512 Ohio Street Michigan City, IN Welcome to this inviting 4-bedroom brick ranch on the south side of Michigan City! This we...	4 beds \| 2 baths \| 2,430 sq.ft.	$184,000	Airbnb cash on cash: 6.38% Traditional cash on cash: 11.59% Airbnb Rental Income: $2080 Traditional Rental Income: $2455 Airbnb ROI: 6.38% Traditional ROI: 11.59%
428 Washington Park Boulevard Michigan City, IN Turn-Key Beach Home ready to be your next Short Term Rental or weekend getaway! Seize the ...	4 beds \| 2 baths \| 1,232 sq.ft.	$425,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 2.71% Airbnb Rental Income: $2080 Traditional Rental Income: $1968 Airbnb ROI: 1.65% Traditional ROI: 2.71%
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: 1.45% Traditional cash on cash: 2.43% Airbnb Rental Income: $1697 Traditional Rental Income: $1630 Airbnb ROI: 1.45% Traditional ROI: 2.43%
6316 E Tryon Road Michigan City, IN Tranquility on Tryon is waiting for you! You get a Ranch Home on .70 acres, 2 garages (the...	2 beds \| 1 baths \| 880 sq.ft.	$179,900	Airbnb cash on cash: 4.35% Traditional cash on cash: 5.71% Airbnb Rental Income: $1562 Traditional Rental Income: $1345 Airbnb ROI: 4.35% Traditional ROI: 5.71%

Your search for investment property begins and ends here

Single Family Homes for Sale in Michigan City, IN

1666 County Line Road

Michigan City, IN

3 beds | 2 baths | 2,207 sq.ft.

$274,900

Airbnb cash on cash: 2.4%

Traditional cash on cash: 7.26%

Airbnb Rental Income: $1697

Traditional Rental Income: $2486

Airbnb ROI: 2.4%

Traditional ROI: 7.26%

805 Liberty Trail

Michigan City, IN

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

$199,000

Airbnb cash on cash: 4.03%

Traditional cash on cash: 9.09%

Airbnb Rental Income: $1697

Traditional Rental Income: $2180

Airbnb ROI: 4.03%

Traditional ROI: 9.09%

106 1/2 California Avenue

Michigan City, IN

2 beds | 1 baths | 972 sq.ft.

$369,000

Airbnb cash on cash: 0.35%

Traditional cash on cash: 1.05%

Airbnb Rental Income: $1562

Traditional Rental Income: $1353

Airbnb ROI: 0.35%

Traditional ROI: 1.05%

3003 Jackson Street

Michigan City, IN

3 beds | 2 baths | 1,768 sq.ft.

$159,000

Airbnb cash on cash: 5.51%

Traditional cash on cash: 11.26%

Airbnb Rental Income: $1697

Traditional Rental Income: $2099

Airbnb ROI: 5.51%

Traditional ROI: 11.26%

1104 Tryon Road

Michigan City, IN

2 beds | 2 baths | 990 sq.ft.

$299,000

Airbnb cash on cash: 2.11%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $1562

Traditional Rental Income: $1628

Airbnb ROI: 2.11%

Traditional ROI: 3.94%

8722 N 500 W

Michigan City, IN

2 beds | 2 baths | 1,188 sq.ft.

$289,000

Airbnb cash on cash: 2.07%

Traditional cash on cash: 2%

Airbnb Rental Income: $1562

Traditional Rental Income: $1092

Airbnb ROI: 2.07%

Traditional ROI: 2%

321 S Park Street

Michigan City, IN

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

$323,000

Airbnb cash on cash: 2.9%

Traditional cash on cash: 7.39%

Airbnb Rental Income: $2080

Traditional Rental Income: $2909

Airbnb ROI: 2.9%

Traditional ROI: 7.39%

610 Davidson Avenue

Michigan City, IN

3 beds | 1 baths | 840 sq.ft.

$175,000

Airbnb cash on cash: 5.46%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $1697

Traditional Rental Income: $1805

Airbnb ROI: 5.46%