Investment Opportunity - Duplex or Single-Family Home, Your Choice! Currently zoned as a duplex, this versatile 2-story property offers multiple possibilities for investors, owner-occupants, or those looking for a multi-generational living arrangement. The main level features 2 bedrooms (one very small), a kitchen, and an ADA-accessible 3/4 bath with wheelchair ramp access. The upper level offers additional bedrooms, a second kitchen, and a full bath. An interior spiral staircase currently connects both levels and can easily be removed to restore complete separation between the units. Whether you're looking to maintain it as a duplex or convert it to a spacious single-family residence, the flexibility is yours. The home does need updating and repairs, making it an excellent opportunity to add value and build equity. Property is being sold As-Is.
Accepting backup offers
Price cut: $4.9K (8/3)
$95,000
206 S 3rd St, Kentland, IN 47951
5beds
--sqft
Duplex
Built in 1938
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 75 days |
- 298 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Katherine Wietbrock,
McColly Real Estate 219-987-4499
Source: NIRA as distributed by MLS GRID,MLS#: 840271
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Forced Air, Other, Natural Gas
Appliances
- Included: Electric Range
- Laundry: Electric Dryer Hookup, Washer Hookup, Main Level, Laundry Room, Gas Dryer Hookup
Features
- Laminate Counters
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Finished area above ground: 1,792
Property
Parking
- Parking features: Driveway, Off Street, Gravel
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Full Bath, Accessible Approach with Ramp
Features
- Levels: One and One Half
- Patio & porch: Deck, Porch
- Exterior features: Rain Gutters
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,499 Square Feet
- Features: Corner Lot, Few Trees
Details
- Parcel number: 561621443094000011
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- Fixer
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: Kentland Additions E
HOA
- Has HOA: No
Location
- Region: Kentland
Financial & listing details
- Tax assessed value: $83,600
- Annual tax amount: $588
- Date on market: 6/6/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,189/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Contingent | $95,000 |
Source:  NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 8/3/2026 | Price change | $95,000-4.9% |
Source: NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 7/31/2026 | Price change | $99,900-2.5% |
Source: NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 7/22/2026 | Price change | $102,500-2.4% |
Source: NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 7/14/2026 | Price change | $105,000-8.7% |
Source: NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 6/25/2026 | Price change | $115,000-4.2% |
Source: NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 6/6/2026 | Listed for sale | $120,000+172.7% |
Source: NIRA as distributed by MLS GRID #840271 Report a problem | ||
| 6/15/2015 | Sold | $44,000-4.1% |
Source: NIRA as distributed by MLS GRID #363030 Report a problem | ||
| 12/13/2014 | Price change | $45,900-23.4% |
Source: Novotny Real Estate and Insurance #353911 Report a problem | ||
| 7/9/2014 | Listed for sale | $59,900 |
Source: Novotny Real Estate and Insurance #353911 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $393 +0% | $83,600 +22.9% |
| 2024 | $393 +13.3% | $68,000 +8.5% |
| 2023 | $347 +13.1% | $62,700 +5.9% |
| 2022 | $307 +0.8% | $59,200 +21.3% |
| 2021 | $304 +10.7% | $48,800 +3% |
| 2020 | $275 -16.6% | $47,400 |
| 2019 | $330 +15.9% | $47,400 |
| 2018 | $284 +2.2% | $47,400 +6.3% |
| 2017 | $278 +30.5% | $44,600 -1.1% |
| 2016 | $213 +7.1% | $45,100 +40.1% |
| 2014 | $199 +2.2% | $32,200 +9.5% |
| 2013 | $195 +2.5% | $29,400 +1.7% |
| 2012 | $190 +2.8% | $28,900 +3.6% |
| 2011 | $185 -14.4% | $27,900 -14.7% |
| 2010 | $216 +6.1% | $32,700 -1.8% |
| 2009 | $203 -18.3% | $33,300 -15.1% |
| 2007 | $249 -38% | $39,200 -0.8% |
| 2006 | $401 | $39,500 +0.5% |
| 2005 | -- | $39,300 |
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: 47951
Nearby schools
GreatSchools rating
- 8/10South Newton Elementary SchoolGrades: PK-5Distance: 4.2 mi
- 6/10South Newton Middle SchoolGrades: 6-8Distance: 4.3 mi
- 4/10South Newton Senior High SchoolGrades: 9-12Distance: 4.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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