Sold

$213,967

1887 S 700 E, Elwood, IN 46036

6beds

3baths

--sqft

Multi Family, Triplex

Built in 1973

-- sqft lot

$215,600 Zestimate^®

$--/sqft

$1,003 Estimated rent

Home value

$215,600

Estimated sales range

Not available

$1,003/mo

Zestimate^® history

Owner options

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$1,371/mo

Est. payment

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$1,371/mo

Est. payment

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What's special

Brick triplex

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Baseboard

Cooling

None

Appliances

Laundry: Connections All

Features

Has basement: No

Property

Parking

Parking features: Common, Gravel
Details: Unit Parking(Parking Lot)

Features

Levels: One
Stories: 1

Lot

Size: 1.14 Acres
Features: Rural - Not Subdivision

Details

Additional structures: Storage
Parcel number: 800908300031000007
Special conditions: Sales Disclosure Supplements

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Multi Family, Triplex

Materials

Brick
Foundation: Block
Roof: Asphalt

Condition

Updated/Remodeled
New construction: No
Year built: 1973

Community & HOA

Community

Subdivision: No Subdivision

Location

Region: Elwood

Financial & listing details

Tax assessed value: $147,700
Annual tax amount: $1,970
Date on market: 3/23/2026
Cumulative days on market: 10 days
Tenant pays: Cable TV, Electricity

Price history

Date	Event	Price
5/7/2026	Sold	$213,967-10.8%
Source: MIBOR as distributed by MLS GRID #22089772 Report a problem
4/2/2026	Pending sale	$239,900
Source: MIBOR as distributed by MLS GRID #22089772 Report a problem
3/23/2026	Listed for sale	$239,900+146.1%
Source: MIBOR as distributed by MLS GRID #22089772 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
1/5/2019	Listing removed	$97,500
Source: Owner Report a problem
10/7/2018	Pending sale	$97,500
Source: Owner Report a problem
9/23/2018	Price change	$97,500-6.7%
Source: Owner Report a problem
8/20/2018	Listed for sale	$104,500
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,943 -7.2%	$147,700 +10.1%
2024	$2,093 +8%	$134,200 -0.1%
2023	$1,938 +1.3%	$134,400 +8.7%
2022	$1,914 +19.2%	$123,600 +10.6%
2021	$1,605 -1.8%	$111,800 +8.1%
2020	$1,634 0%	$103,400 +4.3%
2019	$1,634 +5.8%	$99,100 -0.4%
2018	$1,545 +25.4%	$99,500 +6.2%
2017	$1,232 +11.8%	$93,700 +5.9%
2016	$1,102 +92.8%	$88,500 +113.8%
2014	$572 +17.2%	$41,400 -54.1%
2013	$488 -75.6%	$90,100 -34%
2010	$1,999 +6.7%	$136,600
2009	$1,874	$136,600