$169,500

1406 N Philips St Kokomo, IN 46901

Estimated payment $962/month

Total Views 13,231
3 Beds
2 Baths
1,200 Sq Ft
$141 Price per Sq Ft

Highlights

  • Open Floorplan
  • Shed
  • Storm Doors
  • Backs to Open Ground
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

Investment Opportunity! This well-maintained duplex offers a fantastic blend of updates and value. The front unit features 2 bedrooms and 1 bathroom, while therear unit offers 1 bedroom and 1 bathroom—perfect for an owner-occupant or rental income. Recent improvements include central air added to both units, newflooring in the back unit, and updated plumbing in the front unit. Each unit has its own entrance, utilities, and functional layout, making this a turnkey addition to anyportfolio or an ideal house-hack opportunity. Seller is offering a $600 home warranty for buyer peace of mind! Don’t miss this one—schedule your showing today!

Listing Agent

Karina Hernandez

Trueblood Real Estate Brokerage Phone: 765-543-1973 Listed on: 07/11/2025

Trueblood Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $550

Year Built

  • Built in 1970

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 51x130
  • Backs to Open Ground
  • Level Lot

Home Design

  • Duplex
  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Crawl Space
  • Storm Doors
  • Laminate Countertops
  • Laundry in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Schools

  • Lafayette Park Elementary School
  • Central Middle School
  • Kokomo High School

Additional Features

  • Shed
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • The owner pays for maintenance
  • Assessor Parcel Number 34-03-25-155-006.000-002
  • $600 Seller Concession

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$550

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1970
  • Age: 55
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: CONRADTS ADDN LOT 322
  • Parcel Number ID: 34-03-25-155-006.000-002
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Open Floor Plan, Storm Doors
  • Monthly Gross Income: 1000
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 1200
  • Total Finished Sq Ft: 1200
  • Above Grade Finished Sq Ft: 1200
  • Price Per Sq Ft: 141.25
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1200
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Shingle, Vinyl
  • Stories: 1
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating Fuel: Conventional, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1

Schools

  • School District: Kokomo-Center Township Cons. S.D.
  • Elementary School: Lafayette Park
  • Middle School: Central
  • High School: Kokomo
  • Elementary School: Lafayette Park

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 51X130
  • Estimated Lot Sq Ft: 6621
  • Estimated Lot Size Acres: 0.15
  • Lot Number: 322

Rental Info

  • Lease Term: 1 Year, Negotiable
  • Owner Pays: Maintenance
  • Tenant Pays: Lawn Maintenance

Tax Info

  • Total Assessed Value: 55000
  • Annual Property Tax: 550

Multi Family

  • Gross Monthly Rent: 1000
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 1

MLS Schools

  • High School: Kokomo
  • Middle School: Central
  • School District: Kokomo-Center Township Cons. S.D.

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

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 $995 $55,000 $10,100 $44,900
2023 $995 $49,400 $8,800 $40,600
2022 $927 $46,000 $8,800 $37,200
2021 $750 $37,200 $8,800 $28,400
2020 $754 $37,400 $8,800 $28,600
2019 $732 $36,300 $9,100 $27,200
2018 $681 $33,700 $9,100 $24,600
2017 $675 $33,400 $9,100 $24,300
2016 $661 $32,700 $9,100 $23,600
2014 $789 $39,100 $10,900 $28,200
2013 $835 $41,400 $10,900 $30,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $169,500 +88.3% $141 / Sq Ft
08/12/2024 08/12/24 Sold $90,000 -10.0% $75 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $100,000 0.0% $83 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/10/2024 06/10/24 For Sale $100,000 0.0% $83 / Sq Ft
06/10/2024 06/10/24 Price Changed $100,000 -13.0% $83 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $115,000 +31.4% $96 / Sq Ft
08/26/2020 08/26/20 Sold $87,500 0.0% $73 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $87,500 +337.5% $73 / Sq Ft
02/12/2016 02/12/16 Sold $20,000 -41.2% $17 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
09/24/2015 09/24/15 For Sale $34,000 -- $28 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $90,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $87,281 Klatch Louis
Warranty Deed -- Klatch Louis
Deed $20,000 Moore Title & Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $78,750 New Conventional
Previous Owner $65,625 New Conventional
Previous Owner $65,625 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202526977

Indiana Regional MLS

APN: 34-03-25-155-006.000-002