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    • Price cut: $1.5K (7/14)
    $118,500

    1500 W Lexington Ave, Elkhart, IN 46514

    2beds
    866sqft
    : 
    $811/mo
    Get pre-qualified
    Multi Family
    Built in 1912
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Functional layout
    Tenant-occupied investment opportunity in Elkhart! This single-family home offers immediate rental income with an established tenant already in place. Property features spacious living areas, functional layout, and convenient location near shopping, schools, and major roadways. Great opportunity for investors looking to expand their portfolio or add a cash-flowing property. Please allow notice for showings due to tenant occupancy.
    62 days
    |
    477
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michelle Bordeau Cell:574-339-8199,

    SUNRISE Realty

    Source: IRMLS,MLS#: 202620063MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Gas Water Heater
      • Laundry: Washer Hookup
      Features
      • Flooring: Vinyl
      • Basement: Partial
      Interior area
      • Total structure area: 1,490
      • Total interior livable area: 866 sqft
      • Finished area above ground: 866
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Detached, Off Street Parking
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Enclosed
      Lot
      • Size: 0.28 Acres
      • Dimensions: 82x146
      • Features: Level
      Details
      • Additional structures: Second Garage
      • Parcel number: 200606378004.000012

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      Condition
      • New construction: No
      • Year built: 1912

      Utilities & green energy

      • Sewer: City
      • Water: City

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Elkhart

      Financial & listing details

      • Tax assessed value: $134,400
      • Annual tax amount: $2,438
      • Date on market: 5/26/2026
      • Inclusions: Lease
      • Lease term: 12 Months
      • Total actual rent: 12000
      • Tenant pays: Cable TV, Cooling, Electricity, Heating, Grounds Care, Sewer, Snow Removal, Water

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,106/mo

        Price history

        DateEventPrice
        7/14/2026Price change$118,500-1.3%
        Source: IRMLS #202620063 Report a problem
        5/26/2026Listed for sale$120,000
        Source: IRMLS #202620063 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,423 +5.1%$134,400 +12.2%
        2024$2,306 +226.9%$119,800 +5.2%
        2023$705 0%$113,900 +227.3%
        2022$706 -6.1%$34,800
        2021$751 +5.3%$34,800
        2020$714 +5.7%$34,800 +4.8%
        2019$675 -2.4%$33,200 +6.4%
        2018$692 +9.8%$31,200
        2017$630 $31,200
        2016$630 +1.3%$31,200 +6.8%
        2014$622 +2%$29,200 -4.3%
        2013$610 +0%$30,500
        2012$610 0%$30,500
        2011$610 +8.2%$30,500 +8.2%
        2010$564 -51.7%$28,200 -51.7%
        2009$1,168 -25.6%$58,400
        2007$1,570 +14.9%$58,400 +6.2%
        2006$1,367 +4.6%$55,000
        2005$1,307 +203.7%$55,000
        2004$431 +9.4%$55,000
        2003$393 +64.9%$55,000 +165.7%
        2002$239 $20,700
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Strong

        Getting around

        39 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Mary Daly
        • Middle: West Side
        • High: Elkhart
        • District: Elkhart Community Schools

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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