1001 S B Street Elwood, IN $ 62,000
1001 S B Street
$ 62,000
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1001 S B Street

Elwood, IN, 46036
$ 62,000
Baths0.0

Monthly Estimate*

$ 382

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Studio

Multi-Family Home for sale in Elwood, IN

for $62,000. This home was built in 1940 on a lot size of 0.16.

Investment opportunity in Elwood, IN! This story-and-a-half duplex offers two separate units, each featuring 2 bedrooms, 1 full bath, and main-level laundry. The property is a solid candidate for an investor or owner-occupant looking to add value. The home does need to be trashed out and cleaned before re-renting, but much of the potential is already in place. You can renovate and rent both units, or live in one side while renting the other to offset your mortgage. Exterior features include vinyl siding and mostly vinyl replacement windows. Some remodeling has already been started, particularly in the right-side unit, which includes new kitchen cabinets, a new tub, toilet, vanity, and a new back door. The property is being sold as-is, making it a great opportunity for buyers ready to finish improvements and build equity or rental income.

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Multi-Family Pending

Price

$ 62,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,358

Style

Traditional

Lot Size

0.16

Year Built

1940

Town/City

Elwood

County/Region

Madison

MLS | Web ID

22077497

Features
General
Heating Forced Air Natural Gas
Cooling None
Possession Closing
Roof Asphalt
Zoning residential
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1940
Township Pipe Creek
Levels One and One Half
Property Subtype Duplex
Tax Year 2024
Current Use Residential
County Madison
New Construction N
Property Type Residential Income
Subdivision Name Lake Erie
Facing Direction North
Status Pending
Directions GPS Friendly
High School Elwood Jr-Sr High School
City Elwood
High School District Elwood Community School Corp
Number Of Units Total 2
MLS Area 4804 - Madison - Pipe Creek
Lot Size Square Feet 6944
Elementary School Elwood Elementary School
Property Attached Y/N N
Property Condition Fixer
Structure Type Duplex
Standard Status Pending
Tax Lot /005
Legal Description Lake Erie 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Interior
Basement Cellar
Basement (Y/N) Y
Laundry Features Connections All Main Level
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Exterior
Parking Features On Street
Lot Features Corner Lot
Foundation Details Block Cellar Partial
Lot Size Acres 0.16
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded Features
List By
Homeward Bound Realty Llc

Broker

lilsnodgrass@gmail.com

Email

Affordability Calculator

$495
Per Month
77%
23%
0%
Monthly Principal & Interest
$382
Monthly Property Taxes
$113
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4047068 Elementary School
4045167 Middle School
Elwood Jr-Sr High School High School
Pricing History
DatePricePrice ChangeDescription
2/3/2026$62,000 -13.89% Price Down
12/22/2025$72,000 Listed Price

Map


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1001 S B Street, Elwood, IN, 46036 is a Multi-Family Home for sale at $62,000 with a lot size of 0.16. 1001 S B Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 46036 which is in Elwood, IN