$240,000

136 1/2 W 7th St Peru, IN 46970

Estimated payment $1,470/month

Total Views 1,054
7 Beds
3 Baths
2,838 Sq Ft
$85 Price per Sq Ft

Highlights

  • Corner Lot
  • Patio
  • Ceiling Fan
  • Elmwood Primary Learning Center Rated A-
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

Outstanding opportunity to own a proven income producing property! On one parcel, there is a duplex and single family home. 3 gas meters, 3 electric meters. Upper unit month to month, lower month to month. House and lower duplex units were frequently used as an AirBNB in 2024. Total revenue in 2024 was $34,000. Updates in the past few years include: furnaces, siding, house roof, water heaters. The property is part of an estate and is being sold as is.

Listing Agent

Michael Mygrant

Mygrant Realty & Appraisals Brokerage Phone: 765-461-7608 Listed on: 08/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,868

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 37x132'
  • Corner Lot
  • Level Lot

Parking

  • 1 Parking Space

Home Design

  • Triplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement
  • Block Basement Construction
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Elmwood/Blair Pointe Elementary School
  • Peru Middle School
  • Peru High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for building insurance
  • Assessor Parcel Number 52-08-28-417-049.000-016

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $3,600
  • Fuel Expense $1,200
  • Insurance Expense $150
  • Water Sewer Expense $1,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,868

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1890
  • Age: 135
  • Style: Two Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 021-39420-00 EWING PARTITION AD 37 1/2' W SD S SD LOT 40 42 044 20000
  • Parcel Number ID: 52-08-28-417-049.000-016
  • Platted: Yes
  • Amenities: Ceiling Fan, Countertops-Laminate, Patio Open
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 2833
  • Year Taxes Payable: 1868
  • Special Features: None

Interior Features

  • Total Sq Ft: 3038
  • Total Finished Sq Ft: 2838
  • Above Grade Finished Sq Ft: 2838
  • Below Grade Sq Ft: 200
  • Price Per Sq Ft: 84.57
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 200
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3600
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 150
  • Annual Water Sewer Expense: 1440

Schools

  • School District: Peru Community Schools
  • Elementary School: Elmwood/Blair Pointe
  • Middle School: Peru
  • High School: Peru
  • Elementary School: Elmwood/Blair Pointe

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 37x132'
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance
  • Tenant Pays: Heating

Multi Family

  • Gross Monthly Rent: 2833
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1868

MLS Schools

  • High School: Peru
  • Middle School: Peru
  • School District: Peru Community Schools

Map

Range of Values:

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Average Value
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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 $1,868 $93,400 $4,700 $88,700
2023 $1,868 $67,500 $4,700 $62,800
2022 $1,350 $67,500 $4,700 $62,800
2021 $1,248 $62,400 $4,700 $57,700
2020 $1,248 $62,400 $4,700 $57,700
2019 $960 $48,000 $4,700 $43,300
2018 $864 $43,200 $4,700 $38,500
2017 $856 $42,800 $4,700 $38,100
2016 $856 $42,800 $4,700 $38,100
2014 $848 $42,400 $4,700 $37,700
2013 -- $41,800 $4,700 $37,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 For Sale $240,000 -- $85 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202531208

Indiana Regional MLS

APN: 52-08-28-417-049.000-016

Indiana Miami County Peru 46970

136 1/2 W 7th St, Peru, IN

This home is located at 136 1/2 W 7th St, Peru, IN 46970 and is currently priced at $240,000, approximately $84 per square foot. This property was built in 1890. 136 1/2 W 7th St is a home located in Miami County with nearby schools including Elmwood Primary Learning Center, Blair Pointe Upper Elementary School, and Peru Junior High School.

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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Michael Mygrant
Listing Agent
Michael Mygrant
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Mygrant Realty & Appraisals
(765) 598-7412