Seller's Agent in 2026
Jennea Schirr
McKinnies Realty, LLC Elkhart
(574) 215-9291
5 in this area
423 Total Sales
509 Prospect St Elkhart, IN 46514
Riverside NeighborhoodEstimated Value: $272,000 - $283,000
6
Beds
3
Baths
2,852
Sq Ft
$98/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Heating System
- 3-minute walk to Weston Park
- 1 Car Detached Garage
- Level Lot
About This Home
As of March 2026*** Back on Market ... AT NO FAULT OF SELLER!!! *** This unique property offers two properties on one tax-key ... a spacious two-story duplex plus a charming single bungalow home. Each unit features 2 bedrooms and 1 full bath, for a total of three 2 bed 1 bath units, providing versatile living options for investors or owner-occupants. The main level of the duplex is already occupied by a long-term tenant of over 20 years, giving you immediate rental income! With properties in very good condition and minimal updates needed, you can move right in or start renting right away. Offering new windows, flooring, HVAC, cabinets and baths. Live in the bungalow while the duplex pays your mortgage, or rent all three units for a strong cash flow opportunity. A detached garage adds even more value and convenience. The bungalow is 2 bed 1 bath as well. This is truly a must-see to appreciate property ... don’t miss your chance to own such a rare and profitable find! Since the upper level and single unit have been rehabbed current owner has not had renters ... So we do not have expenses at this time and the ROI is figured at the rental prices shown for each unit and is a guesstimate. MLS#202541262 for bungalow. sqft is the two properties added together.
Last Agent to Sell the Property
McKinnies Realty, LLC Elkhart Brokerage Phone: 574-215-9291 Listed on: 09/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,073
Year Built
- Built in 1880
Lot Details
- 9,845 Sq Ft Lot
- Lot Dimensions are 66x149
- Level Lot
Parking
- 1 Car Detached Garage
Home Design
- Duplex
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Partially Finished Basement
Flooring
- Wood
- Carpet
- Laminate
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Schools
- Beardsley Elementary School
- North Side Middle School
- Elkhart High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for cable, electric, lawn maintenance
- The owner pays for heating, water
- Assessor Parcel Number 20-06-05-157-011.000-012
Community Details
Overview
- 2 Units
Building Details
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 24, 2025
Closed on
Mar 19, 2026
Sold by
Bought by
Seller's Agent
Jennea Schirr
McKinnies Realty, LLC Elkhart
Buyer's Agent
David Parra
McKinnies Realty, LLC Elkhart
List Price
$349,900
Sold Price
$285,000
Premium/Discount to List
-$64,900
-18.55%
Views
82
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,790
Avg. Annual Appreciation
-6.48%
Original Mortgage
$213,750
Interest Rate
0.0598%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 24, 2023
Sold by
Bought by
Purchase Details
Closed on
Apr 21, 2023
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Fidelity National Title Compan | ||
| $425,000 | Fidelity National Title Compan | ||
| $425,000 | Fidelity National Title Compan |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $213,750 | ||
| Previous Owner | $53,722 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | Sold | $285,000 | -5.0% | $100 / Sq Ft |
| 03/07/2026 03/07/26 | Pending | -- | -- | -- |
| 01/05/2026 01/05/26 | Price Changed | $299,900 | -7.7% | $105 / Sq Ft |
| 11/10/2025 11/10/25 | Price Changed | $324,900 | -4.4% | $114 / Sq Ft |
| 10/11/2025 10/11/25 | Price Changed | $339,900 | -2.9% | $119 / Sq Ft |
| 09/24/2025 09/24/25 | For Sale | $349,900 | -- | $123 / Sq Ft |
Source: Indiana Regional MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,073 | $52,300 | $52,300 | |
| 2024 | $1,074 | $52,300 | $52,300 | |
| 2022 | $1,074 | $94,200 | $25,900 | $68,300 |
| 2021 | $1,816 | $88,800 | $25,900 | $62,900 |
| 2020 | $1,933 | $88,800 | $25,900 | $62,900 |
| 2019 | $1,189 | $54,600 | $6,600 | $48,000 |
| 2018 | $1,433 | $65,500 | $6,600 | $58,900 |
| 2017 | $1,463 | $66,700 | $6,600 | $60,100 |
| 2016 | $1,411 | $64,500 | $6,600 | $57,900 |
| 2014 | $1,106 | $51,900 | $6,600 | $45,300 |
| 2013 | $1,320 | $66,000 | $20,700 | $45,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jennea Schirr
-
David Parra
Buyer's Agent in 2026
David Parra
McKinnies Realty, LLC Elkhart
(574) 347-1247
3 in this area
117 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202538768
APN: 20-06-05-157-011.000-012
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID
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