Back 1887 S 700 E
Off Market

1887 S 700 E

Elwood IN 46036

49528 sq. ft.
Duplex
Last sold for $213,967
Cheryl TrietschCheryl Trietsch, last sold this property on 07 May 2026 after 44 days on market.

Overview

Great investment opportunity. This brick triplex sits on over an acre of land possibly leaving space to expand on the income potential. All 3 units are currently rented with 2 of the units being on month to month leases and the third expires in October 2026. Apartment 3 was gutted and redone in 2025 so it is all new from the studs out including electrical, plumbing, windows, doors and all new appliances. Plenty of off street parking, laundry connections in each unit, tenants pay electric and any cable/internet connections they want. Seller pays taxes, insurance, trash, landscaping/mowing, snow removal and electric for well pump. Property is on well and septic.

Features

49528 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Elwood over the last 12 months, the estimated median property value of 1887 S 700 E is $134k.

Median value
$134k
Estimated value range
$50k - $213.97k
Median days on market
156
Estimated value trend
49%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Elwood. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1887 S 700 E

2026
Sold
$213,967
07 May 2026 by Cheryl Trietsch, of Century 21 Scheetz
2016
Sold
$87,500
07 Jun 2016

Happy sellers in Elwood

<50%
Less than 50% of sellers in Elwood reported that their sale price either exceeded or met their price expectations.

Elwood stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Elwood over the last 12 months.

Local market activity for duplexes in Elwood

In the last 12 months, 4 duplexes similar to 1887 S 700 E, have been sold.

This represents a 38% increase in duplexes sales when compared to the previous 12 months.

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