NOT LISTED FOR SALE

428 State St Elkhart, IN 46516

Estimated Value: $109,000 - $122,424

4 Beds
2 Baths
1,352 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2025

Last sale price $109,900 $81 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $679 / mo

294 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Level Lot
  • Ceramic Tile Flooring
  • Ceiling Fan
  • 1-minute walk to Ludgwig Corner

About This Home

As of May 2025

Attention investors! Don't miss out on this great opportunity! This spacious duplex, conveniently located near downtown, is sure to bring you a solid income. The current owner resides in one unit and rents the other for $800 per month. Both units feature 2 bedrooms and 1 bathroom, with one unit on the main level and the other on the upper level. This property is in decent condition and offers an unfinished basement for all your storage needs. Schedule your private showing today!

Last Agent to Sell the Property

Jennea Schirr

McKinnies Realty, LLC Elkhart Brokerage Phone: 574-215-9291 Listed on: 07/22/2024

McKinnies Realty, LLC Elkhart

Co-Listed By

Brycen Wrigley

McKinnies Realty, LLC Elkhart Brokerage Phone: 574-215-9291

Last Buyer's Agent

David Parra

McKinnies Realty, LLC Elkhart

McKinnies Realty, LLC Elkhart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $650

Year Built

  • Built in 1906

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 33x66
  • Level Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Riverview Elementary School
  • Pierre Moran Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 20-06-04-354-017.000-012

Community Details

Building Details

  • Electric Expense $2,200
  • Fuel Expense $1,000
  • Insurance Expense $850
  • Water Sewer Expense $780

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$650

Year Built

Built in 1906

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1906
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BEESONS 1ST S1/2 E 33FT LOT 26 (TIF 110)
  • Parcel Number ID: 20-06-04-354-017.000-012
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Storage, Cable Available, Porch Covered, Water Heater Gas
  • Special Features: None

Interior Features

  • Total Sq Ft: 2028
  • Total Finished Sq Ft: 1352
  • Above Grade Finished Sq Ft: 1352
  • Below Grade Sq Ft: 676
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Ceramic Tile, Vinyl Tile
  • Total Below Grade Sq Ft: 676
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas, Forced Air, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2200
  • Annual Fuel Expense: 1000
  • Annual Insurance Expense: 850
  • Annual Water Sewer Expense: 780
  • Number Of W D Hookups: 1

Schools

  • Elementary School: Riverview

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 33X66
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05
  • Lot Number: 26

Rental Info

  • Lease Term: Month to Month

Tax Info

  • Annual Property Tax: 650

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: Elkhart
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
May 20, 2025
Sold by
Conley Jakob
Bought by
Madrid Jose A
Seller's Agent
Jennea Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
David Parra
McKinnies Realty, LLC Elkhart
List Price
$109,900
Sold Price
$109,900
Views
298
Current Estimated Value
$115,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,956
Avg. Annual Appreciation
5.65%
Original Mortgage
$98,910
Outstanding Balance
$98,313
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$17,543

Purchase Details

Closed on
Jul 25, 2019
Sold by
Swihart Michael G and Swihart Bevan L
Bought by
Conley Jakob

Purchase Details

Closed on
May 25, 2001
Sold by
Dulaney Norma B
Bought by
Swihart Michael G and Swihart Bevan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
7.07%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Madrid Jose A -- Fidelity National Title Compan
Conley Jakob $25,000 None Listed On Document
Swihart Michael G -- Cripe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madrid Jose A $98,910
Previous Owner Swihart Michael G $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2025 05/20/25 Sold $109,900 0.0% $81 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
07/22/2024 07/22/24 For Sale $109,900 -- $81 / Sq Ft
Source: Indiana Regional MLS

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
2025 $766 $121,100 $6,700 $114,400
2024 $651 $87,100 $6,700 $80,400
2022 $651 $86,500 $6,700 $79,800
2021 $753 $79,200 $6,700 $72,500
2020 $648 $70,500 $6,700 $63,800
2019 $587 $63,400 $6,700 $56,700
2018 $738 $33,400 $2,200 $31,200
2017 $740 $33,400 $2,200 $31,200
2016 $738 $33,400 $2,200 $31,200
2014 $712 $33,400 $2,200 $31,200
2013 $754 $37,700 $6,800 $30,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202427339

Indiana Regional MLS

APN: 20-06-04-354-017.000-012

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