Description
Investment opportunity in Elwood, IN! This story-and-a-half duplex offers two separate units, each featuring 2 bedrooms, 1 full bath, and main-level laundry. The property is a solid candidate for an investor or owner-occupant looking to add value. The home does need to be trashed out and cleaned before re-renting, but much of the potential is already in place. You can renovate and rent both units, or live in one side while renting the other to offset your mortgage. Exterior features include vinyl siding and mostly vinyl replacement windows. Some remodeling has already been started, particularly in the right-side unit, which includes new kitchen cabinets, a new tub, toilet, vanity, and a new back door. The property is being sold as-is, making it a great opportunity for buyers ready to finish improvements and build equity or rental income.
Address
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Address: 1001 S B Street
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City: Elwood
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State/county: IN
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Zip/Postal Code: 46036
Details
Updated on February 25, 2026 at 10:08 pm-
Property ID 22077497
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Price $62,000
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Land Area 0.16 Acres
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Garage Size x x
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Year Built 1940
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Property Type Duplex, Residential Income
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Property Status Closed
Additional details
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Roof Asphalt
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Cooling None
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Heating Forced Air,Natural Gas
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County Madison
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Property Type Residential Income
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Parking On Street
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Elementary School Elwood Elementary School
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High School Elwood Jr-Sr High School
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Architectural Style Traditional
Mortgage Calculator
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