720 S Union St Kokomo, IN 46901
Estimated payment $861/month
Highlights
- Covered Patio or Porch
- Wood Siding
- 1-Story Property
- 1 Car Detached Garage
- Carpet
About This Home
Charming Duplex Near Downtown Kokomo & Baseball Stadium. Located on South Union Street, this fully-leased duplex sits right in the heart of the action—just steps from the baseball stadium and local downtown amenities. Each 1-bed unit offers just under 800 sq. ft. of comfortable living space, featuring a private en suite bathroom, a separate kitchen, and a cozy living area. Tenants enjoy the convenience of paying their own utilities, plus each unit comes with access to a detached garage bay for private storage. The units are heated and cooled with ductless mini-split systems for efficient, cost effective living for the residents. The large lot provides plenty of outdoor space to relax, let pets run or entertain, making this an attractive rental for tenants and a low-maintenance investment for the next owner. With steady occupancy and a prime location near Kokomo’s growing attractions, this property is a great opportunity to step into a turn-key investment. Schedule your tour today. Financial statements, leases and income analysis available upon request. Property shares driveway with neighbor to the north- No known shared agreement on file
Listing Agent
Keller Williams Lafayette Brokerage Phone: 765-413-6046 Listed on: 09/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,498
Year Built
- Built in 1890
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 161x58
- Irregular Lot
Home Design
- Duplex
- Brick Exterior Construction
- Shingle Roof
- Wood Siding
- Vinyl Construction Material
Interior Spaces
- 1,591 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Basement
- Block Basement Construction
- Crawl Space
Parking
- 1 Car Detached Garage
- Gravel Driveway
- Shared Driveway
- On-Street Parking
Outdoor Features
- Covered Patio or Porch
- Outbuilding
Schools
- Elwood Haynes Elementary School
- Maple Crest Middle School
- Kokomo High School
Additional Features
- Suburban Location
- Gas Water Heater
Listing and Financial Details
- The owner pays for lawn maintenance
- Assessor Parcel Number 34-03-36-478-004.000-002
Community Details
Overview
- 2 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Insurance Expense $1,200
- Maintenance Expense $600
- Water Sewer Expense $600
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,346 | $74,900 | $16,300 | $58,600 |
| 2022 | $1,242 | $62,100 | $13,800 | $48,300 |
| 2021 | $968 | $48,400 | $13,800 | $34,600 |
| 2020 | $886 | $44,300 | $13,800 | $30,500 |
| 2019 | $796 | $39,800 | $12,200 | $27,600 |
| 2018 | $774 | $38,700 | $12,200 | $26,500 |
| 2017 | $820 | $41,000 | $12,200 | $28,800 |
| 2016 | $820 | $41,000 | $12,200 | $28,800 |
| 2014 | $800 | $40,000 | $12,800 | $27,200 |
| 2013 | $788 | $39,400 | $12,800 | $26,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $139,900 | -3.5% | $88 / Sq Ft | |
| 09/23/2025 09/23/25 | For Sale | $145,000 | +35.5% | $91 / Sq Ft | |
| 04/04/2024 04/04/24 | Sold | $107,000 | -17.6% | $67 / Sq Ft | View Prior Sale |
| 01/12/2024 01/12/24 | For Sale | $129,900 | -- | $82 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $107,000 | Meridian Title | |
| Warranty Deed | -- | Meridian Title | |
| Warranty Deed | $95,000 | Harlan Jeffrey S | |
| Personal Reps Deed | $74,712 | Grzegorski Eric D | |
| Quit Claim Deed | $74,712 | Grzegorski Eric D | |
| Personal Reps Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,250 | New Conventional | |
| Closed | $80,250 | New Conventional | |
| Previous Owner | $71,250 | New Conventional | |
| Previous Owner | $56,175 | New Conventional | |
| Previous Owner | $56,175 | New Conventional |
Source: Indiana Regional MLS
MLS Number: 202539034
APN: 34-03-36-478-004.000-002
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