1887 S 700 E

Elwood IN 46036

49528 sq. ft.

Duplex

Last sold for $213,967

Cheryl 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 $169.48k.

Median value

$169.48k

Estimated value range

$50k - $213.97k

Median days on market

Estimated value trend

88%

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

We have insufficient information to provide an overview of customer satisfaction for Elwood. Viewing the agent profiles, reviews and sales for Elwood can provide insights for this location.