426 Middlebury St Elkhart, IN 46516
Tipton Area Neighborhood
2
Beds
2
Baths
1,292
Sq Ft
7,405
Sq Ft Lot
Highlights
- Covered patio or porch
- Forced Air Heating and Cooling System
- Level Lot
About This Home
As of May 2025Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $600,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to a language barrier with tenants, showings will only be conducted after accepted offers. Please make your offer contingent on walkthroughs. Perfect for investors looking to expand their portfolio with a solid cash flow!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,819
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 68x110.7
- Level Lot
Parking
- Off-Street Parking
Home Design
- Duplex
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Schools
- Mary Beck Elementary School
- Pierre Moran Middle School
- Elkhart High School
Additional Features
- Covered patio or porch
- Forced Air Heating and Cooling System
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for cooling, electric, heating, trash collection, water
- Assessor Parcel Number 20-06-04-362-014.000-012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2024
Closed on
May 12, 2025
Sold by
Cc Elkhart Property Llc
Bought by
C & C Commercial Roofing Llc
Seller's Agent
Stephen DiJulius
St. Joseph Realty Group
Buyer's Agent
Stephen DiJulius
St. Joseph Realty Group
List Price
$120,000
Sold Price
$120,000
Total Days on Market
167
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.48%
Original Mortgage
$510,000
Outstanding Balance
$510,000
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
-$388,051
Purchase Details
Closed on
Mar 15, 2022
Sold by
Thomas Chenier
Bought by
Cc Elkhart Property Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,200
Interest Rate
3.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2011
Sold by
Gki Properties Llc
Bought by
Chenier Thomas
Purchase Details
Closed on
Nov 15, 2005
Sold by
King Gregory
Bought by
Gki Properties Llc
Purchase Details
Closed on
Aug 22, 2005
Sold by
Ada Drive Corp
Bought by
King Gregory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.8%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 27, 2004
Sold by
Koscielny Gregory
Bought by
First Fsb
Purchase Details
Closed on
Dec 23, 2004
Sold by
Kay Street Llc
Bought by
Ada Drive Corp
Purchase Details
Closed on
Dec 13, 2004
Sold by
First Fsb
Bought by
Kay Street Llc
Purchase Details
Closed on
Nov 30, 2004
Sold by
Koscielny Gregory
Bought by
First Fsb
Purchase Details
Closed on
Aug 9, 2001
Sold by
Skinner Otis K
Bought by
Koscielny Gregory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Elkhart, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $535,000 | None Listed On Document | |
| Warranty Deed | $434,500 | Fidelity National Title | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $382 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $721 | None Available | |
| Warranty Deed | -- | Landamerica Lawyers Title | |
| Corporate Deed | -- | Lawyers Title Ins | |
| Corporate Deed | -- | Lawyers Title Ins | |
| Sheriffs Deed | $15,000 | -- | |
| Corporate Deed | -- | -- | |
| Corporate Deed | -- | Land Grant Title Group | |
| Sheriffs Deed | $15,000 | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $510,000 | Construction | |
| Previous Owner | $305,200 | New Conventional | |
| Previous Owner | $60,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $52,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Sold | $120,000 | 0.0% | $93 / Sq Ft |
| 03/07/2025 03/07/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | For Sale | $120,000 | 0.0% | $93 / Sq Ft |
| 02/07/2025 02/07/25 | Price Changed | $120,000 | -14.3% | $93 / Sq Ft |
| 12/30/2024 12/30/24 | Pending | -- | -- | -- |
| 09/21/2024 09/21/24 | For Sale | $140,000 | -- | $108 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $1,819 | $94,300 | $16,000 | $78,300 |
| 2022 | $1,819 | $24,400 | $1,200 | $23,200 |
| 2021 | $510 | $24,400 | $1,200 | $23,200 |
| 2020 | $542 | $24,400 | $1,200 | $23,200 |
| 2019 | $750 | $46,400 | $8,600 | $37,800 |
| 2018 | $686 | $31,000 | $8,600 | $22,400 |
| 2017 | $688 | $31,000 | $8,600 | $22,400 |
| 2016 | $686 | $31,000 | $8,600 | $22,400 |
| 2014 | $652 | $30,600 | $8,600 | $22,000 |
| 2013 | $260 | $13,000 | $8,700 | $4,300 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen DiJulius
S
Seller's Agent in 2025
Stephen DiJulius
St. Joseph Realty Group
(574) 250-0893
4 in this area
123 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202436624
APN: 20-06-04-362-014.000-012
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