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.
Sold
$50,000
1001 S B St, Elwood, IN 46036
2beds
1baths
--sqft
Multi Family, Duplex
Built in 1940
-- sqft lot
$51,400 Zestimate®
$--/sqft
$1,077 Estimated rent
Home value
$51,400
$44,000 - $61,000
$1,077/mo
Zestimate® history
Owner options
List your home for rent
$1,077/mo
Rent Zestimate®
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$1,077/mo
Rent Zestimate®
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$243/mo
Est. payment
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$243/mo
Est. payment
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List your homeWhat's special
Mostly vinyl replacement windowsVinyl sidingMain-level laundryTwo separate units
Zillow last checked:
Listing updated:
Listed by:
Lillian Snodgrass 317-446-5047,
Homeward Bound Realty LLC,
Tina Floyd-Snodgrass 317-748-5041
Source: MIBOR as distributed by MLS GRID,MLS#: 22077497
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Main level bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Laundry: Connections All, Main Level
Features
- Basement: Cellar
Property
Parking
- Parking features: On Street
- Details: Unit Parking(On Street)
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 6,969 Square Feet
- Features: Corner Lot
Details
- Parcel number: 480416102101000027
- Zoning: residential
- Special conditions: None,As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
- Foundation: Block, Cellar, Partial
- Roof: Asphalt
Condition
- Fixer
- New construction: No
- Year built: 1940
Community & HOA
Community
- Subdivision: Lake Erie
Location
- Region: Elwood
Financial & listing details
- Tax assessed value: $80,800
- Annual tax amount: $1,358
- Date on market: 12/22/2025
- Cumulative days on market: 40 days
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2026 | Sold | $50,000-19.4% |
Source:  MIBOR as distributed by MLS GRID #22077497 Report a problem | ||
| 2/6/2026 | Pending sale | $62,000 |
Source: MIBOR as distributed by MLS GRID #22077497 Report a problem | ||
| 2/3/2026 | Price change | $62,000-13.9% |
Source: MIBOR as distributed by MLS GRID #22077497 Report a problem | ||
| 1/30/2026 | Listed for sale | $72,000 |
Source: MIBOR as distributed by MLS GRID #22077497 Report a problem | ||
| 1/22/2026 | Pending sale | $72,000 |
Source: MIBOR as distributed by MLS GRID #22077497 Report a problem | ||
| 12/22/2025 | Listed for sale | $72,000+26.3% |
Source: MIBOR as distributed by MLS GRID #22077497 Report a problem | ||
| 7/18/2023 | Sold | $57,000-9.5% |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 6/30/2023 | Pending sale | $63,000 |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 6/27/2023 | Price change | $63,000-3.1% |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 5/9/2023 | Listed for sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 4/25/2023 | Pending sale | $65,000 |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 4/19/2023 | Price change | $65,000-13.3% |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 4/5/2023 | Price change | $75,000-5.1% |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 1/19/2023 | Listed for sale | $79,000+315.8% |
Source: MIBOR as distributed by MLS GRID #21901452 Report a problem | ||
| 8/28/2008 | Sold | $19,001-63.1% |
Source: MIBOR as distributed by MLS GRID #2833550 Report a problem | ||
| 5/22/2008 | Sold | $51,475 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,358 +8.6% | $80,800 +19% |
| 2024 | $1,250 +1% | $67,900 +8.6% |
| 2023 | $1,238 +7.5% | $62,500 +1% |
| 2022 | $1,152 +5.1% | $61,900 +7.5% |
| 2021 | $1,096 +2.4% | $57,600 +5.1% |
| 2020 | $1,070 +4.5% | $54,800 +2.4% |
| 2019 | $1,024 +1.2% | $53,500 +5.5% |
| 2018 | $1,012 -13.5% | $50,700 +1.2% |
| 2017 | $1,170 +0.9% | $50,100 -13.6% |
| 2016 | $1,160 +0.9% | $58,000 +0.9% |
| 2014 | $1,150 | $57,500 |
| 2013 | $1,150 +1.8% | $57,500 +1.8% |
| 2012 | $1,130 | $56,500 +1.6% |
| 2011 | -- | $55,600 |
| 2010 | $1,112 -34% | $55,600 -1.1% |
| 2009 | $1,686 | $56,200 +4.5% |
| 2006 | -- | $53,800 +10% |
| 2005 | -- | $48,900 |
Find assessor info on the county website
Neighborhood: 46036
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Nearby schools
GreatSchools rating
- NAElwood Elementary SchoolGrades: PK-2Distance: 0.9 mi
- 4/10Elwood Junior-Senior High SchoolGrades: 7-12Distance: 1.2 mi
- 4/10Elwood Intermediate SchoolGrades: 3-6Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Elwood Elementary School
- High: Elwood Jr-Sr High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Indiana
- Madison County
- Elwood
- 46036
- 1001 S B St
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