INVESTOR ALERT! Don't miss this rare opportunity to transform a grand 5-bedroom historic home in the charming city of Elwood. Just blocks from the heart of downtown, this property is bursting with potential and ready for a full gut renovation to bring it back to life. With nearly 3,200 square feet spread across two and a half floors, the layout and space offer endless possibilities for a creative and ambitious buyer. Some demolition work has already been started, and the roof is approximately 6 years old, giving you a head start on the rehab. The home sits on a spacious corner lot, offering plenty of room to add a garage, accessory dwelling unit (ADU), or even explore the potential for additional units (buyer to verify with the city). Whether you're looking to renovate for owner occupancy, create a short-term rental like an Airbnb or a charming bed & breakfast, or even explore commercial conversion given its location on Anderson Rd among several commercial properties-the upside is undeniable. If done right, the after-repair value (ARV) could reach $250K-$300K. This is a cash or hard/private money only sale due to the condition. Sold as-is. Bring your vision and unlock the full potential of this historic gem! Sold As-Is. No wholesalers and no seller financing.
Sold
$40,000
802 S Anderson St, Elwood, IN 46036
5beds
4,415sqft
Residential, Single Family Residence
Built in 1880
6,534 Square Feet Lot
$42,700 Zestimate®
$9/sqft
$1,601 Estimated rent
Home value
$42,700
$36,000 - $51,000
$1,601/mo
Zestimate® history
Owner options
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$1,601/mo
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$194/mo
Est. payment
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$194/mo
Est. payment
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Spacious corner lot
Zillow last checked:
Listing updated:
Listing Provided by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22037126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Features: Other
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Features: Other
- Level: Upper
- Area: 240 Square Feet
- Dimensions: 16x15
Bedroom 3
- Features: Other
- Level: Upper
- Area: 192 Square Feet
- Dimensions: 16x12
Bedroom 4
- Features: Other
- Level: Upper
- Area: 270 Square Feet
- Dimensions: 18x15
Bedroom 5
- Features: Other
- Level: Upper
- Area: 224 Square Feet
- Dimensions: 16x14
Dining room
- Features: Other
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12x15
Family room
- Features: Other
- Level: Main
- Area: 285 Square Feet
- Dimensions: 19x15
Kitchen
- Features: Other
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Laundry
- Features: Other
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Living room
- Features: Other
- Level: Main
- Area: 285 Square Feet
- Dimensions: 19x15
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: None
Features
- Hardwood Floors
- Flooring: Hardwood
- Basement: Unfinished
Interior area
- Total structure area: 4,415
- Total interior livable area: 4,415 sqft
- Finished area below ground: 0
Property
Features
- Levels: Two and a Half
- Stories: 2
- Patio & porch: Wrap Around
Lot
- Size: 6,534 sqft
Details
- Parcel number: 480416104117000027
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Residential, Single Family Residence
Materials
- Wood
- Foundation: Brick/Mortar
Condition
- Fixer
- New construction: No
- Year built: 1880
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Location
- Region: Elwood
- Subdivision: No Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2025 | Sold | $40,000-32.2%$9/sqft |
Source:  MIBOR as distributed by MLS GRID #22037126 Report a problem | ||
| 5/21/2025 | Pending sale | $59,000$13/sqft |
Source: MIBOR as distributed by MLS GRID #22037126 Report a problem | ||
| 5/9/2025 | Listed for sale | $59,000+18.2%$13/sqft |
Source: MIBOR as distributed by MLS GRID #22037126 Report a problem | ||
| 5/4/2025 | Listing removed | $49,900$11/sqft |
Source: MIBOR as distributed by MLS GRID #22021430 Report a problem | ||
| 3/28/2025 | Pending sale | $49,900$11/sqft |
Source: MIBOR as distributed by MLS GRID #22021430 Report a problem | ||
| 3/23/2025 | Price change | $49,900-16.7%$11/sqft |
Source: MIBOR as distributed by MLS GRID #22021430 Report a problem | ||
| 2/18/2025 | Price change | $59,900-25%$14/sqft |
Source: MIBOR as distributed by MLS GRID #22021430 Report a problem | ||
| 2/11/2025 | Price change | $79,900-6%$18/sqft |
Source: MIBOR as distributed by MLS GRID #22021430 Report a problem | ||
| 2/10/2025 | Listed for sale | $85,000+73.5%$19/sqft |
Source: MIBOR as distributed by MLS GRID #22021430 Report a problem | ||
| 7/12/2024 | Sold | $49,000 |
Source:  IRMLS #202421994 Report a problem | ||
| 6/24/2024 | Pending sale | $49,000 |
Source: IRMLS #202421994 Report a problem | ||
| 6/16/2024 | Listed for sale | $49,000+104.2% |
Source: IRMLS #202421994 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/6/2014 | Listing removed | $24,000$5/sqft |
Source: Owner Report a problem | ||
| 11/8/2013 | Listed for sale | $24,000$5/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,054 +9.1% | $62,000 +17.6% |
| 2024 | $966 +0.8% | $52,700 +9.1% |
| 2023 | $958 +7.2% | $48,300 +0.8% |
| 2022 | $894 +4.7% | $47,900 +7.2% |
| 2021 | $854 +2.4% | $44,700 +4.7% |
| 2020 | $834 +3.7% | $42,700 +2.4% |
| 2019 | $804 -23.4% | $41,700 +5% |
| 2018 | $1,050 -14.6% | $39,700 -23.7% |
| 2017 | $1,230 +0.8% | $52,000 -14.8% |
| 2016 | $1,220 +0.7% | $61,000 +0.7% |
| 2014 | $1,212 | $60,600 |
| 2013 | $1,212 +2% | $60,600 +2% |
| 2012 | $1,188 | $59,400 +0.5% |
| 2011 | -- | $59,100 |
| 2010 | $450 +18.4% | $59,100 -1.3% |
| 2009 | $380 | $59,900 -51.6% |
| 2006 | -- | $123,700 +36.2% |
| 2005 | -- | $90,800 |
Find assessor info on the county website
Neighborhood: 46036
Nearby schools
GreatSchools rating
- NAElwood Elementary SchoolGrades: PK-2Distance: 1.1 mi
- 4/10Elwood Junior-Senior High SchoolGrades: 7-12Distance: 1.4 mi
- 4/10Elwood Intermediate SchoolGrades: 3-6Distance: 1.5 mi
- Indiana
- Madison County
- Elwood
- 46036
- 802 S Anderson St
Nearby cities
Nearby zip codes
Other Elwood Topics
