504 S Lake Avenue
Michigan City, IN 46360
- 4 beds
- 3 baths
- 2,029 sqft
- 4,095 sqft lot
- $290 per sqft
- 2022 build
- – on site
Perfect investment opportunity with built in rental income for 2025! Elevated lot provides an excellent neighborhood view. Newly constructed in 2022, this bright and open townhome has 4 bedrooms and 3 baths. Utilize it as a short term rental, but also for your own personal enjoyment. Prime location within an easy walking distance to the beach, neighborhood cafes, zoo and lakefront park. Main floor ensuite, with 3 more bedrooms upstairs. Backyard patio with hot tub, grilling, parking, and the ability for other amenities such as a fire pit. 2024 rental figures available upon request. Furniture and hot tub available for negotiation separately from real estate purchase.
Last checked:
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Last updated Mar 27, 2025
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MLS# 817280 —
The Building
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Year Built:2022
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New Construction:false
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Patio And Porch Features:Covered, Patio, Front Porch
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Security Features:Smoke Detector(s)
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Levels:Two
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Basement:false
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Above Grade Finished Area:2029
Interior
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Room Type:Bedroom 2, Living Room, Primary Bedroom, Kitchen, Dining Room, Bedroom 4, Bedroom 3
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Interior Features:Entrance Foyer, Open Floorplan, Stone Counters, Recessed Lighting, Kitchen Island
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Fireplace:true
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Fireplaces Total:1
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Fireplace Features:Gas Log, Living Room
Room Dimensions
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Living Area:2029
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Living Area Source:Assessor
Location
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Directions:From Lake Shore Drive, drive south on Lake Ave to property on the East side of Lake Ave.
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Latitude:41.72516
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Longitude:-86.890537
The Property
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Parcel Number:460121380015000022
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Property Subtype:Townhouse
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Property Attached:true
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Lot Features:Back Yard, Landscaped
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Lot Size Acres:0.094
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Lot Size Square Feet:4095
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Lot Size Source:Assessor
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View:Neighborhood
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Exterior Features:Lighting
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 735-2912
- Office phone:
- (219) 243-2120
Taxes
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Tax Year:2023
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Tax Annual Amount:8736
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Tax Assessed Value:436800
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Tax Legal Description:42-01-21-380-015 LAKESIDE TOWNHOMES ADMINISTRATIVE RESUB LT 2 UNIT 3 0.094AC
Beds
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Total Bedrooms:4
Baths
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Total Baths:3
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Full Baths:1
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Three Quarter Baths:1
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Half Baths:1
Heating & Cooling
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Heating:Forced Air, Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Refrigerator, Washer, Stainless Steel Appliance(s), Gas Range, Microwave, Gas Water Heater, Dryer
The Community
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Subdivision Name:Lakeside Townhomes
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Pool Features:None
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Association:true
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Association Amenities:Landscaping, Management
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Association Fee Includes:Maintenance Grounds, Snow Removal, Other
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Association Fee:240
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Association Fee Frequency:Monthly
Parking
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Garage:false
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Parking Features:Alley Access, Gravel, Off Street
Monthly cost estimate

Asking price
$589,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,153
|
Taxes | $728 |
Insurance | $161 |
HOA fees | $240 |
Utilities | $129 See report |
Total | $4,411/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.