118 N Lake Avenue, Michigan City, IN 46360

$1,065,000
Property Type: Residential Income Bedrooms: 6 Lot Size (sq. ft.): 3,375 Status: Closed
Current Price: $1,065,000 List Date: 8/08/2025 Last Modified: 11/01/2025

Overview

Description

Introducing Beachside Four, a completely renovated, turn-key 4-Unit Investment Property located in the heart of the highly sought after Sheridan Beach neighborhood of Michigan City. Just 20 short feet from the Stop 2 Beach Access point, this premier location offers instant access to the shores of Lake Michigan, where sunsets, singing sands, and lake breezes set the scene for unforgettable memories for all. This bright and stylish building features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, each offering great floor plans, stainless steel appliances, and inviting indoor-outdoor living with private decks and patios. Whether you choose to rent each unit individually or offer the entire building to large groups, the flexibility is unmatched with ability to sleep up to 14. With plenty of parking and proximity to area favorites like the beach, marina, and Washington Park Zoo, Beachside Four presents an incredible opportunity to own a high-demand property in one of the r ...

Listing Details MLS# 825677

General Property Information

New Construction YN
No
Number Of Units Total
4
Bedrooms Total
6
Bathrooms Full
4
Rooms Total
14
Above Grade Finished Area
2706
Living Area Source
Assessor
Year Built
1960
Garage YN
No
Parking Total
67
Lot Size Acres
0.0775
Lot Size Square Feet
3375
Lot Size Source
Assessor
Waterfront YN
No
Fireplace YN
No

Property Features

Appliances: Dishwasher; Dryer; Gas Range; Microwave; Refrigerator; Stainless Steel Appliance(s); Washer Basement: Unfinished Cooling: Ceiling Fan(s); Central Air; Unit Control; Zoned Exterior Features: Rain Gutters Heating: Forced Air; Natural Gas; Unit Control; Zoned Interior Features: Ceiling Fan(s); Eat-in Kitchen; Kitchen Island; Open Floorplan; Stone Counters Levels: 2-Sty Listing Terms: Cash; Conventional Lock Box Information: Combo Lot Features: Landscaped Owner Pays: All Utilities Parking Features: Driveway; Gravel; On Street; Paved Patio And Porch Features: Deck; Patio Pets Allowed: Call Possession: Negotiable Roof: Asphalt; Shingle Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: None Water Source: Public

Contract Information

Auction YN
No
Original List Price
1195000
Property Sub Type
Quadruplex
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
118
Street Direction Prefix
N
Street Name
Lake
Street Suffix
Avenue
County
La Porte
State
IN
Postal Code
46360
Subdivision Name
Sheridan Beach Pk/Add

Remarks and Miscellaneous

Public Remarks
Introducing Beachside Four, a completely renovated, turn-key 4-Unit Investment Property located in the heart of the highly sought after Sheridan Beach neighborhood of Michigan City. Just 20 short feet from the Stop 2 Beach Access point, this premier location offers instant access to the shores of Lake Michigan, where sunsets, singing sands, and lake breezes set the scene for unforgettable memories for all. This bright and stylish building features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, each offering great floor plans, stainless steel appliances, and inviting indoor-outdoor living with private decks and patios. Whether you choose to rent each unit individually or offer the entire building to large groups, the flexibility is unmatched with ability to sleep up to 14. With plenty of parking and proximity to area favorites like the beach, marina, and Washington Park Zoo, Beachside Four presents an incredible opportunity to own a high-demand property in one of the region's most vibrant lakefront communities. Being offered truly Turn-Key. Everything you see will remain. Don't wait, schedule your showing today. Welcome to 118 N Lake Avenue!

Status Change Information

Major Change Timestamp
2025-11-01T13:34:57Z
Major Change Type
Status Change
Price Change Timestamp
2025-10-01T00:56:51Z
Status Change Timestamp
2025-11-01
Offer Acceptance Date
2025-10-06
Close Date
2025-10-31
Close Price
1065000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
No

Unit Details

Number Of One Bedroom Units
2
Number Of Two Bedroom Units
2

Unit 1

Unit Description
Unit 1 (Main Level)
Floor Level
Yes
# Of Rooms
3
# Of Bedrooms
Yes
# Of Bathrooms
Yes
# Of Full Baths
Yes

Unit 2

Unit Description
Unit 2 (Main Level)
Unit Number
2
Floor Level
Yes
# Of Rooms
4
# Of Bedrooms
2
# Of Bathrooms
Yes
# Of Full Baths
Yes

Unit 3

Unit Description
Unit 3 (Upper Level)
Floor Level
2
# Of Rooms
3
# Of Bedrooms
Yes
# Of Bathrooms
Yes

Unit 4

Unit Description
Unit 4 (Upper Level)
Floor Level
2
# Of Rooms
4
# Of Bedrooms
2
# Of Bathrooms
Yes

Showing Requirements

Showing Instructions
Active Short-Term Rental. Contact Listing Agent for available time(s) between Rentals/Cleaning.

Location, Tax, and Legal

Tax Annual Amount
6930
Tax Year
2024
Tax Legal Description
42-01-21-309-007 SHER BCH E 1/2 LT 1 & N 1/2 E 1/2 LT 2 BLK 7.
Parcel Number
460121309007000022
Township
Michigan
Directions
Lake Shore Drive to California Avenue. Right onto Colfax Avenue. Property will be on your right.

Appliances

Dishwasher
Yes
Dryer
Yes
Gas Range
Yes
Microwave
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Basement

Unfinished
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Unit Control
Yes
Zoned
Yes

Exterior Features

Rain Gutters
Yes

Heating

Forced Air
Yes
Natural Gas
Yes
Unit Control
Yes
Zoned
Yes

Interior Features

Ceiling Fan(s)
Yes
Eat-in Kitchen
Yes
Kitchen Island
Yes
Open Floorplan
Yes
Stone Counters
Yes

Levels

2-Sty
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lock Box Information

Combo
Yes

Lot Features

Landscaped
Yes

Parking Features

Driveway
Yes
Gravel
Yes
On Street
Yes
Paved
Yes

Patio And Porch Features

Deck
Yes
Patio
Yes

Possession

Negotiable
Yes

Roof

Asphalt
Yes
Shingle
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Water Source

Public
Yes

Owner Pays

All Utilities
Yes

Pets Allowed

Call
Yes

Tenant Pays

None
Yes
Listing Office: @properties/Christie's Intl RE
Last Updated: November - 01 - 2025
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