415 N 2nd Street Elkhart, IN $ 179,900
415 N 2nd Street
$ 179,900
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415 N 2nd Street

Elkhart, IN, 46516
$ 179,900
Bedrooms4 Baths4.0 Sq 2,182

Monthly Estimate*

$ 1,136

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Multi-Family Home for sale in Elkhart, IN

for $179,900 with 4 bedrooms and 4 full baths. This 2,182 square foot home was built in 1908.

Excellent investment opportunity with immediate cash flow and upside potential! This 4-unit property near downtown Elkhart offers strong rental income with many major improvements already completed. Updates include a new roof (2024), replacement windows (2023), updated flooring, kitchen improvements throughout, upgraded electrical service with separate meters, a furnace approximately 7 years old, and a water heater approximately 1 year old. Current rents are $635, $650, $585, and $685 per month, providing steady income with room for future growth. Conveniently located near downtown amenities, shopping, dining, and major employers, this property is a great addition to any investors portfolio. Dont miss this opportunity to own a well-maintained multi-unit property with solid cash flow potential!

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Multi-Family Pending

Price

$ 179,900

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,463

Style

Fourplex

Year Built

1908

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202608130

Features
General
Heating Gas Forced Air
Cooling None
Sewer City
Status Pending Pending
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1908
New Construction No
Tenant Pays Electric Heating Water
Subdivision None
Style Two Story
Stories Count 2
Township Concord
Class INVESTMENT
Type Fourplex
Age 118
Net Income 23101.17
Rent Income 32040
Features Basement
REO No
Status Detail 0
Area Elkhart County
High School Elkhart
City Elkhart
School District Elkhart Community Schools
Total Sq Ft 2182
Elementary School Beardsley
Middle School Pierre Moran
Legal Description BEARDS 1ST N 1/2 LOT 107
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202608130
Agent First Name Jennea
Agent Last Name Schirr
DOM 105
Tax Year 2025
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Interior
Basement Unfinished
Flooring Vinyl
Beds 4
Total Number of Units 4
Microwaves 0
Refrigerators 4
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 4
W/D Hookups 0
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Exterior
Exterior Vinyl
Pool No
Number of Parking Spaces 4
Lot Size Area 6752
Lot Dimensions 41X165
Lot Description 0-2.9999
Electric Meters 1
Outbuilding None
Gas Meters 1
Waterfront Y/N No
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* Excluded Features
List By
Jennea Schirr

Listing Agent

Mckinnies Realty, Llc Elkhart

Broker

devotedagent@gmail.com

Email

Affordability Calculator

$1,424
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,136
Monthly Property Taxes
$289
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1236791 Elementary School
1237170 Middle School
Elkhart High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2026$179,900 -2.70% Price Down
5/7/2026$184,900 -2.63% Price Down
4/1/2026$189,900 -5.00% Price Down
3/12/2026$199,900 Listed Price

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415 N 2nd Street, Elkhart, IN, 46516 is a Multi-Family Home for sale at $179,900 with 2,182 sqft. 415 N 2nd Street has 4 bedrooms, 4.0 baths, and was built in 1908. The property's zip code is 46516 which is in Elkhart, IN