Investor Special! Opportunity awaits with this 3-unit multifamily property in Elwood offering approximately 3,664 square feet of living space. Currently, 2 of the 3 units are occupied, providing immediate rental income potential while the remaining unit is renovated or repositioned. This property is in need of repairs and updates and is being sold AS-IS. Whether you're looking to expand your rental portfolio, pursue a value-add investment, or restore a multifamily property to its full potential, this triplex offers plenty of upside. Don't miss this opportunity to add a multifamily investment to your portfolio.
Active
Price cut: $10K (9/29)
$122,900
1225 S 25th St, Elwood, IN 46036
7beds
3baths
--sqft
Multi Family, Triplex
Built in 1899
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 140 days
- 196
- 8
Zillow last checked:
Listing updated:
Listed by:
Cameron Smith cameronsmithrealestate@outlook.com,
RE/MAX Real Estate Solutions
Source: MIBOR as distributed by MLS GRID,MLS#: 22100629
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One and One Half
- Stories: 1
- Exterior features: Fire Pit
Lot
- Size: 5,662 Square Feet
Details
- Additional parcels included: 480415403013000027
- Parcel number: 480415403012000027
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Materials
- Roof: Asphalt
Condition
- Fixer
- New construction: No
- Year built: 1899
Community & HOA
Community
- Subdivision: Kidwells
Location
- Region: Elwood
Financial & listing details
- Tax assessed value: $57,700
- Annual tax amount: $1,078
- Date on market: 6/22/2026
- Cumulative days on market: 142 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Price change | $122,900-7.5% |
Source:  MIBOR as distributed by MLS GRID #22100629 Report a problem | ||
| 9/24/2026 | Price change | $132,900-0.7% |
Source: MIBOR as distributed by MLS GRID #22100629 Report a problem | ||
| 9/15/2026 | Price change | $133,900-0.7% |
Source: MIBOR as distributed by MLS GRID #22100629 Report a problem | ||
| 8/31/2026 | Price change | $134,900-3.6% |
Source: MIBOR as distributed by MLS GRID #22100629 Report a problem | ||
| 8/6/2026 | Price change | $140,000-6.7% |
Source: MIBOR as distributed by MLS GRID #22100629 Report a problem | ||
| 6/22/2026 | Listed for sale | $150,000 |
Source: MIBOR as distributed by MLS GRID #22100629 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,078 +8.7% | $57,700 +7.1% |
| 2024 | $992 +1.2% | $53,900 +8.7% |
| 2023 | $980 +8.2% | $49,600 +1.2% |
| 2022 | $906 +5.3% | $49,000 +8.2% |
| 2021 | $860 +2.6% | $45,300 +5.3% |
| 2020 | $838 +4.5% | $43,000 +2.6% |
| 2019 | $802 +0.8% | $41,900 +5.8% |
| 2018 | $796 -48.7% | $39,600 +0.8% |
| 2017 | $1,551 +85.9% | $39,300 -5.8% |
| 2016 | $834 +0.2% | $41,700 +0.2% |
| 2014 | $832 | $41,600 |
| 2013 | $832 +2.7% | $41,600 +2.7% |
| 2012 | $810 | $40,500 -9% |
| 2011 | -- | $44,500 +4% |
| 2010 | $856 -29.2% | $42,800 +6.2% |
| 2009 | $1,209 | $40,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46036
Nearby schools
Schools provided by the listing agent
- Elementary: Elwood Elementary 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.
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