$169,900
$17K PRICE DROP

1041 Cassopolis St Elkhart, IN 46514

Northside Neighborhood

Estimated payment $1,127/month

Total Views 11,401
4 Beds
3 Baths
1,944 Sq Ft
$87 Price per Sq Ft

About This Home

Turnkey Investment with Strong Income Potential! This well-located triplex offers a great opportunity for steady rental income. Situated on a large lot with ample off-street parking, the property is just a short walk to downtown.

Listing Agent

Steve Miller

RE/MAX Results Brokerage Phone: 574-533-9581 Listed on: 07/07/2025

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,796

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x165

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Parking

  • 8 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Woodland Elementary School
  • North Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance, fuel, heating, lawn maintenance, maintenance, sewer, tax, water
  • Assessor Parcel Number 20-02-32-456-016.000-027

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,437
  • Insurance Expense $1,311
  • Water Sewer Expense $709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,796

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT SW SE SEC 32 .25A
  • Parcel Number ID: 20-02-32-456-016.000-027
  • Platted: Yes
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 2928
  • Total Finished Sq Ft: 1944
  • Above Grade Finished Sq Ft: 1944
  • Below Grade Sq Ft: 984
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Stone
  • Main Level Sq Ft: 984
  • Total Below Grade Sq Ft: 984
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Lot, Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1437
  • Annual Insurance Expense: 1311
  • Annual Water Sewer Expense: 709
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • Elementary School: Woodland

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 66x165
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 2796.48

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Elkhart
  • Middle School: North Side
  • School District: Elkhart Community Schools

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,323 $137,500 $15,800 $121,700
2022 $2,323 $121,300 $15,800 $105,500
2021 $1,534 $74,900 $0 $74,900
2020 $1,632 $74,900 $0 $74,900
2019 $1,626 $74,900 $15,800 $59,100
2018 $1,634 $74,800 $15,800 $59,000
2017 $1,623 $74,100 $15,800 $58,300
2016 $1,589 $72,700 $15,800 $56,900
2014 $1,546 $72,500 $15,800 $56,700
2013 $1,450 $72,500 $15,800 $56,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2025 09/29/25 For Sale $169,900 0.0% $87 / Sq Ft
09/24/2025 09/24/25 Pending -- -- --
09/10/2025 09/10/25 Price Changed $169,900 -8.9% $87 / Sq Ft
07/07/2025 07/07/25 For Sale $186,500 -- $96 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Near North Title Group
Quit Claim Deed -- None Available
Trustee Deed -- Hamilton National Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $126,039 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202526171

Indiana Regional MLS

APN: 20-02-32-456-016.000-027

Indiana Elkhart County Elkhart 46514 Northside

1041 Cassopolis St, Elkhart, IN

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Steve Miller
Listing Agent
Steve Miller
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RE/MAX Results
(574) 475-4215