Fantastic Income Opportunity! This duplex is in the process of a complete rehab, making it a rare find and ready for its new owner to maximize its full potential. Each side featuring four bedrooms and two baths total, each unit offers excellent versatility—live in one and rent the other to help offset your mortgage, or rent both units for maximum return. While ROI can’t yet be measured with renovations still underway and no current tenants, this is your chance to secure a unique investment opportunity. Once complete, the modern updates will add strong renter appeal, making this property a turnkey, income-producing asset. Don’t miss out!
Closed
$86,000
916 Madison St, Elkhart, IN 46516
8beds
2,384sqft
Duplex
Built in 1910
-- sqft lot
$89,000 Zestimate®
$--/sqft
$1,060 Estimated rent
Home value
$89,000
$77,000 - $101,000
$1,060/mo
Zestimate® history
Owner options
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$1,060/mo
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$1,060/mo
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$421/mo
Est. payment
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$421/mo
Est. payment
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Modern updates
Zillow last checked:
Listing updated:
Listed by:
Jennea Schirr Cell:574-215-9291,
McKinnies Realty, LLC Elkhart,
Jaelei Wrigley,
McKinnies Realty, LLC Elkhart
Bought with:
Joshua Lenker, RB22001525
McKinnies Realty, LLC Elkhart
Source: IRMLS,MLS#: 202539215
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- None
Features
- Flooring: Mixed
- Basement: None
Interior area
- Total structure area: 2,384
- Total interior livable area: 2,384 sqft
- Finished area above ground: 2,384
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 sqft
- Dimensions: 44X165
- Features: Level
Details
- Additional structures: None
- Parcel number: 200609105008.000012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: City
- Water: City
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Elkhart
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Sold | $86,000-13.9% |
Source:  IRMLS #202539215 Report a problem | ||
| 12/2/2025 | Pending sale | $99,900 |
Source: IRMLS #202539215 Report a problem | ||
| 9/27/2025 | Listed for sale | $99,900+3019.9% |
Source: IRMLS #202539215 Report a problem | ||
| 4/11/2012 | Sold | $3,202$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,808 +6% | $123,200 +37.8% |
| 2024 | $1,707 -5.2% | $89,400 +6% |
| 2023 | $1,800 | $84,300 -5.1% |
| 2022 | -- | $88,800 +8.7% |
| 2021 | -- | $81,700 +11.2% |
| 2020 | -- | $73,500 +10% |
| 2019 | $1,344 +2.2% | $66,800 +7.6% |
| 2018 | $1,315 +7.8% | $62,100 +3.7% |
| 2017 | $1,220 | $59,900 +3.5% |
| 2016 | $1,220 -7.9% | $57,900 -6.8% |
| 2014 | $1,324 +255.9% | $62,100 -5% |
| 2013 | $372 | $65,400 -1.8% |
| 2012 | -- | $66,600 -5.4% |
| 2011 | $1,408 +13.2% | $70,400 -3% |
| 2010 | $1,244 +1% | $72,600 |
| 2009 | $1,231 | $72,600 |
Find assessor info on the county website
Neighborhood: Tipton Area
Nearby schools
GreatSchools rating
- 3/10Beck Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 4/10Pierre Moran Middle SchoolGrades: 7-8Distance: 0.8 mi
- 2/10Elkhart High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Mary Beck
- Middle: Pierre Moran
- High: Elkhart
- District: Elkhart Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$89,000
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$90,780
- Indiana
- Elkhart County
- Elkhart
- 46516
- Tipton Area
- 916 Madison St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Elkhart Topics
