Closed

$213,967

1887 S 700 E Street 1 #2-3, Elwood, IN 46036

6beds

2,508sqft

Triplex

Built in 1973

-- sqft lot

$216,300 Zestimate^®

$--/sqft

$969 Estimated rent

Home value

$216,300

Estimated sales range

Not available

$969/mo

Zestimate^® history

Owner options

List your home for rent

$969/mo

Rent Zestimate^®

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$969/mo

Rent Zestimate^®

Refinance and save

$1,339/mo

Est. payment

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$1,339/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
Full bathrooms: 3

Heating

Baseboard

Cooling

None, Ceiling Fan(s)

Appliances

Included: Electric Water Heater, Water Softener Owned

Features

Ceiling Fan(s), Laminate Counters, Eat-in Kitchen
Flooring: Laminate
Basement: Crawl Space,Block

Interior area

Total structure area: 2,508
Total interior livable area: 2,508 sqft
Finished area above ground: 2,508
Finished area below ground: 0

Property

Parking

Total spaces: 9
Parking features: Gravel, Off Street Parking
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Fencing: None

Lot

Size: 1.14 Acres
Dimensions: 230x225
Features: Level, 0-2.9999, Rural

Details

Additional structures: None
Parcel number: 800908300031.000007

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Triplex

Materials

Brick
Roof: Asphalt

Condition

New construction: No
Year built: 1973

Utilities & green energy

Electric: AEP/I&M, Indiana Michigan Power
Sewer: Private Sewer, Septic Tank
Water: Private, Well

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: None

Location

Region: Elwood

Financial & listing details

Annual tax amount: $1,969
Date on market: 3/23/2026
Listing terms: Conventional
Inclusions: Building, Land
Lease term: Month To Month,12 Months
Total actual rent: 28620
Tenant pays: Cooling, Electricity
Road surface type: Asphalt

Price history

Date	Event	Price
5/7/2026	Sold	$213,967-10.8%
Source: IRMLS #202609620 Report a problem
4/2/2026	Pending sale	$239,900
Source: IRMLS #202609620 Report a problem
3/23/2026	Listed for sale	$239,900
Source: IRMLS #202609620 Report a problem