$390,000
PENDING

Estimated payment $2,296/month

Total Views 850
9 Beds
8 Baths
1,440 Sq Ft
$271 Price per Sq Ft

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • 1 Car Attached Garage

About This Home

MULTIPLE OFFERS HAVE BEEN RECEIVED. Highest and Best offers are due by Wednesday, August 20, 2025 at 6 PM. Here's a chance to own a Four Plex unit with great income potential. All units are in good condition. Three of the four units have been remodeled in the last three years. Photos are of the remodel. All four units are currently being rented well below market value, but could be increased after the leases expire. Out of respect for the tenants, interior photos are not being provided. This one you've got to see for yourself!

Listing Agent

Jami Stamm

Coldwell Banker Real Estate Group Brokerage Phone: 574-596-4868 Listed on: 08/15/2025

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,050

Year Built

  • Built in 1987

Lot Details

  • 10,542 Sq Ft Lot
  • Lot Dimensions are 80x132
  • Corner Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • 2 Bathrooms in Basement
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Schools

  • Roosevelt Elementary School
  • West Side Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • The owner pays for building insurance, tax
  • Assessor Parcel Number 20-06-18-227-001.000-012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,050

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1987
  • Age: 38
  • Style: Bi-Level
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 8
  • Total Full Bathrooms: 6
  • Total Number of Half Bathrooms: 2
  • Legal Description: MARKLES 1ST ADD LOTS 176 & 175
  • Parcel Number ID: 20-06-18-227-001.000-012
  • Platted: Yes
  • Amenities: Cable Available, Countertops-Laminate, Detector-Smoke, Garage Door Opener
  • Monthly Gross Income: 3000
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 1440
  • Total Finished Sq Ft: 1440
  • Above Grade Finished Sq Ft: 720
  • Below Grade Finished Sq Ft: 720
  • Price Per Sq Ft: 541.67
  • Basement: Yes
  • Basement Foundation: Finished
  • Flooring: Carpet, Laminate
  • Number Below Grade Bathrooms: 2
  • Total Below Grade Sq Ft: 720
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: City
  • Annual Insurance Expense: 2400
  • Number Of W D Hookups: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Roosevelt
  • Middle School: West Side
  • High School: Elkhart
  • Elementary School: Roosevelt

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 80X132
  • Estimated Lot Sq Ft: 10542
  • Estimated Lot Size Acres: 0.24

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Cable, Electric, Fuel, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water, Deposit Value

Tax Info

  • Total Assessed Value: 267000
  • Annual Property Tax: 2050

Multi Family

  • Gross Monthly Rent: 3000
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 3
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 4

MLS Schools

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

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 $5,080 $267,000 $15,000 $252,000
2022 $5,080 $56,900 $12,200 $44,700
2021 $1,169 $56,900 $12,200 $44,700
2020 $1,244 $56,900 $12,200 $44,700
2019 $1,847 $85,200 $6,500 $78,700
2018 $1,580 $72,300 $6,500 $65,800
2017 $1,584 $72,300 $6,500 $65,800
2016 $1,582 $72,300 $6,500 $65,800
2014 $1,541 $72,300 $6,500 $65,800
2013 $1,840 $92,000 $13,200 $78,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Pending -- -- --
08/15/2025 08/15/25 For Sale $390,000 -- $271 / Sq Ft
Source: Indiana Regional MLS

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $177,000 New Conventional
Previous Owner $106,000 New Conventional
Previous Owner $121,500 Fannie Mae Freddie Mac
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202532617

Indiana Regional MLS

APN: 20-06-18-227-001.000-012