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1887 S 700 E Elwood, IN $ 239,900
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1887 S 700 E
$ 239,900
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1887 S 700 E

Elwood, IN, 46036
$ 239,900
Baths0.0

Monthly Estimate*

$ 1,477

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Studio

Multi-Family Home for sale in Elwood, IN

for $239,900. This home was built in 1973 on a lot size of 1.14.

Great investment opportunity. This brick triplex sits on over an acre of land possibly leaving space to expand on the income potential. All 3 units are currently rented with 2 of the units being on month to month leases and the third expires in October 2026. Apartment 3 was gutted and redone in 2025 so it is all new from the studs out including electrical, plumbing, windows, doors and all new appliances. Plenty of off street parking, laundry connections in each unit, tenants pay electric and any cable/internet connections they want. Seller pays taxes, insurance, trash, landscaping/mowing, snow removal and electric for well pump. Property is on well and septic.

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Multi-Family Active

Price

$ 239,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,970

Style

Ranch

Lot Size

1.14

Year Built

1973

Town/City

Elwood

County/Region

Madison

MLS | Web ID

22089772
Features
General
Heating Baseboard
Cooling None
Possession Closing
Roof Asphalt
Architectural Style Ranch
Construction Materials Brick
Year Built 1973
Tenant Pays Cable TV Electricity
Township Madison
Levels One
Property Subtype Triplex
Tax Year 2024
Current Use Apt<20
County Tipton
Operating Expense 3016
Insurance Expense 1384
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Facing Direction West
Status Active
Directions GPS Friendly
City Elwood
High School District Tipton Community School Corp
Number Of Units Total 3
MLS Area 8006 - Tipton - Madison
Lot Size Square Feet 49528
Property Attached Y/N N
Current Financing Conventional
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Structure Type Triplex
Standard Status Active
Tax Lot /
Legal Description Pt W1/2 Sw Sw 8-21-6 1.137 Ac
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Exterior
Exterior Amenities Storage Shed
Parking Features Common Gravel
Lot Features Rural - Not Subdivision
Foundation Details Block
Lot Size Acres 1.14
Other Equipment Smoke Alarm
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Interior
Basement (Y/N) N
Laundry Features Connections All
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* Excluded Features
List By
Century 21 Scheetz

Broker

ctrietsch@c21scheetz.com

Email

Affordability Calculator

$1,641
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,477
Monthly Property Taxes
$164
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
4044928 Elementary School
4044930 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/23/2026 $239,900 Listed Price

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1887 S 700 E, Elwood, IN, 46036 is a Multi-Family Home for sale at $239,900 with a lot size of 1.14. 1887 S 700 E is a studio with 0.0 baths and was built in 1973. The property's zip code is 46036 which is in Elwood, IN

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