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
Zillow last checked:
Listing updated:
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22037126
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 | ||
