Lake view propertyOpen conceptGenerous outdoors space
Incredible and rare Income-Producing Sheridan Beach vacation rental. Fully stabilized, this beautiful, high-demand LAKE VIEW property produces 85,000 in documented gross rental income on a rolling 12 months as of May 2026 with opportunity to earn even more with more available dates. Many bookings already for 2026. All the hard work is done so you can walk into this Turn-Key high-performing vacation rental with PROVEN income-producing history during peak and non-peak seasons. The home itself is a custom-built gem perched high on top of a dune, offering panoramic views of Lake Michigan, Washington Park, and Chicago. Renters love the open concept, generous parking including 2.5 car garage, fully-stocked kitchen with newer stainless steel appliances, and full bathrooms in each bedroom. Built for utility and enjoyment, this property delivers a memorable experience. Other features include generous outdoors space and close access to community staircase that makes a short five minute walk to the beach and short trip to two local restaurants, Blue Chip Casino, and Downtown Michigan City. New Roof in 2025 and new furnace with whole house humidifiers and Ecobee thermostats in 2026. Property has been personally managed with professional cleaning to establish glowing online reputation with many positive reviews. Owner will assist purchaser with transition during upcoming rental season to owner's online rental platforms and cleaners. All furnishings and decor included except for two cabinets. Generate great passive income and own a property with unique features that you can enjoy as well!
147 days
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775
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21
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Zillow last checked:
Listing updated:
Listed by:
Justin Berggren,
Coldwell Banker Market Connect708-694-4039,
Kelli Graham,
Coldwell Banker Market Connect
Source: NIRA as distributed by MLS GRID,MLS#: 835168
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 5
Full bathrooms: 5
Rooms
Room types: Bedroom 2, Other Room, Utility Room, Primary Bedroom, Living Room, Kitchen, Dining Room, Bedroom 4, Bedroom 3
Primary bedroom
Area: 255
Dimensions: 15.0 x 17.0
Bedroom 2
Area: 140
Dimensions: 14.0 x 10.0
Bedroom 3
Area: 170
Dimensions: 17.0 x 10.0
Bedroom 4
Area: 221
Dimensions: 17.0 x 13.0
Dining room
Area: 99
Dimensions: 11.0 x 9.0
Kitchen
Area: 255
Dimensions: 15.0 x 17.0
Living room
Area: 423
Dimensions: 23.5 x 18.0
Other
Description: Foyer with room for additional seating under stairs
Area: 180
Dimensions: 20.0 x 9.0
Utility room
Area: 45
Dimensions: 5.0 x 9.0
Heating
Forced Air
Appliances
Included: Dryer, Washer, Refrigerator, Microwave, Electric Range, Dishwasher
Laundry: Gas Dryer Hookup, Washer Hookup, Upper Level
Features
Double Vanity, Kitchen Island, High Ceilings, Eat-in Kitchen
Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: Electric, Living Room
Interior area
Total structure area: 2,856
Total interior livable area: 2,856 sqft
Finished area above ground: 2,856
Property
Parking
Total spaces: 2.5
Parking features: Garage Door Opener, Garage Faces Front, Driveway, Off Street
Garage spaces: 2.5
Has uncovered spaces: Yes
Features
Levels: Two
Has view: Yes
View description: Lake, Park/Greenbelt, Neighborhood
Has water view: Yes
Water view: Lake
Waterfront features: Beach Access, Lake Front
Lot
Size: 5,131 Square Feet
Features: Back Yard, Landscaped, Front Yard
Details
Parcel number: 460121312008000022
Special conditions: Agent Owned
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Condition
New construction: No
Year built: 2002
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Security: Carbon Monoxide Detector(s), Smoke Detector(s), Fire Alarm
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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