$169,000

1220 E Market St Logansport, IN 46947

Estimated payment $1,133/month

Total Views 632
9 Beds
5 Baths
4,563 Sq Ft
$37 Price per Sq Ft

Highlights

  • Popular Property
  • Entrance Foyer
  • Hot Water Heating System
  • Wood Flooring
  • Ceiling Fan
  • Level Lot

About This Home

Excellent investment opportunity with this large 5 unit building. There are 4 2BR/1BA units and 1 efficiency bringing in $3850/mo (Apt A is currently vacant). It is heated with a double hot water gas boiler system. All but a couple windows are replacement windows. Seller has decided to retire from owning rentals.

Listing Agent

Star McClain

Rogers Auction & Real Estate Brokerage Phone: 574-721-2979 Listed on: 08/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,548

Year Built

  • Built in 1900

Lot Details

  • 9,453 Sq Ft Lot
  • Lot Dimensions are 55x165
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Landis Elementary School
  • Logansport Middle School
  • Logansport High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 09-17-44-435-007.000-010

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • Electric Expense $4,341
  • Fuel Expense $5,040
  • Insurance Expense $1,293
  • Maintenance Expense $500
  • Trash Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,548

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 125
  • Style: Two Story
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: ADMR 1ST MID 55 OL 6
  • Parcel Number ID: 09-17-44-435-007.000-010
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Foyer Entry
  • Annual Miscellaneous: 1200
  • Monthly Gross Income: 3850
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 5695
  • Total Finished Sq Ft: 4563
  • Above Grade Finished Sq Ft: 4563
  • Below Grade Sq Ft: 1132
  • Price Per Sq Ft: 37.04
  • Basement: Yes
  • Basement Foundation: Crawl, Outside Entrance Only, Unfinished
  • Flooring: Carpet, Wood, Vinyl
  • Main Level Sq Ft: 2299
  • Total Below Grade Sq Ft: 1132
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Brick
  • Roof Material: Flat, Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Gravel, Off Street, Street

Utilities

  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 4340.54
  • Annual Fuel Expense: 5040
  • Annual Insurance Expense: 1293
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 1980
  • Number Electric Meters: 6
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1

Schools

  • School District: Logansport Community School Corp.
  • Elementary School: Landis
  • Middle School: Logansport
  • High School: Logansport
  • Elementary School: Landis

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 55X165
  • Estimated Lot Sq Ft: 9453
  • Estimated Lot Size Acres: 0.217

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Heating, Lawn Maintenance, Trash Collection

Multi Family

  • Gross Monthly Rent: 3850
  • Number Of Dryers: 1
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 4
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2548

MLS Schools

  • High School: Logansport
  • Middle School: Logansport
  • School District: Logansport Community School Corp.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 For Sale $169,000 +106.1% $37 / Sq Ft
10/30/2018 10/30/18 Sold $82,000 -13.7% $18 / Sq Ft
10/25/2018 10/25/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $95,000 +46.2% $21 / Sq Ft
09/27/2018 09/27/18 Sold $65,000 0.0% $14 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/01/2018 09/01/18 For Sale $65,000 -- $14 / Sq Ft
Source: Indiana Regional MLS

Similar Home in Logansport, IN

  • 552 Heath St, Logansport, IN 46947

    $149,900

    • 7 Beds
    • 4.5 Baths
    • 3,554 Sq Ft
    • 552 Heath St
    • Logansport, IN

    Income property! this 4 unit bldg includes a 3BR, 2BR, two 1 BR units, and a carport. Excellent tenant history and income.

    Star McClain Rogers Auction & Real Estate

    Section Image

Source: Indiana Regional MLS

MLS Number: 202533837

Indiana Regional MLS

APN: 09-17-44-435-007.000-010