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$190,000   Price Analysis
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207 N 2nd St Unit Multi
Elkhart, IN 46516
4 bed 4 bath 2,442 SqFt ($77/SqFt)
3,485SqFt lot. Built 1890
Listed 2024-05-23, Taxes $1,592
Ⓧ USDA Ineligible
due to location

near Elkhart

MULTIFAMILY HOME!!

Investor alert!! Great four plex house with independent mini splits systems in all units, ll 4 units are 1 bedrooms 1 bathroom. Great location close to downtown Elkhart. Property sold AS IS!

See agent remarks


Presented by Lucila N Marin Castellanos at
American Mid-West Realty and Property Management.


Property MLS #202418527 from IRMLS

Bedrooms: 4

Total Bathrooms: 4 / 0
Full Bathrooms: 4

Cooling Features: Multiple Cooling Units
Heating Features: Multiple Heating Systems

Furnished Description: Building
Flooring: Laminate

Lot Description: Level
Lot Size Acres: 0.0800046
Lot Size Dimensions: 42X83
Lot Size Square Feet: 3485

Garage Spaces: 4

Elementary School: Beardsley
High School: Elkhart
Middle School: North Side
School District: Elkhart Community Schools

North Side Middle School is a public middle school located approximately 0.9 miles away.
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Beardsley Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Montessori School Of Elkhart is a private elementary school located approximately 0.5 miles away.
directions icon Map directions

Elkhart Central High School is a public high school located approximately 0.9 miles away.
directions icon Map directions

Number of Units: 4
Number of 1 Bedroom Units: 4
Unit 1 Total Actual Rent: 700
Unit 2 Total Actual Rent: 650
Unit 3 Total Actual Rent: 750
Unit 4 Total Actual Rent: 650

Income Includes: 33000
Tenant Pays: Electric, Sewer, Water

Maintenance Expense: 400

Annual Tax Amount: 1577
Source Listing Status: Active
County: Elkhart County
Directions: Head north on Second st it is the 2nd building on left past Jefferson
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 1700
Owner Pays: Lawn Maintenance, Snow Removal, Tax
Parcel Number: 20-06-05-328-014.000-012
Postal Code Plus 4: 3001
Township: Concord
Lot Number: 45
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$88,500 + $9,700
$98,200
$1,592
2021$38,800 + $9,700
$48,500
$2,006
2020$34,400 + $9,700
$44,100
$1,062
2019$33,900 + $3,200
$37,100
$963
2018$33,600 + $3,200
$36,800
$818
2017$33,600 + $3,200
$36,800
$813
2016$32,900 + $3,200
$36,100
$811
2015$33,300 + $3,200
$36,500
$794
2013$33,300 + $9,700
$43,000
$1,626
2012$33,300 + $9,700
$43,000
$860
2011$32,200 + $7,000
$39,200
$784
2010$55,600 + $7,000
$62,600
$1,252
2008$57,200 + $6,300
$63,500
$1,766
2007$35,800 + $4,700
$40,500
$1,089
2006$35,000 + $4,700
$39,700
$986

Listed 2024-05-23
$190,000
IRMLS
Listing removed 2024-05-23
$199,999
IRMLS
Price Changed 2024-04-15
$199,999
IRMLS
Listed 2024-03-24
$225,000
IRMLS
Listing removed 2024-03-24
$245,000
IRMLS
Price Changed 2024-03-10
$245,000
IRMLS
Listed 2024-03-02
$250,000
IRMLS
Sold 2022-04-25
$110,000
IRMLS
Relisted 2022-02-08
$134,900
IRMLS
Listing removed 2022-02-07
$134,900
IRMLS
Listed 2021-08-13
$134,900
IRMLS
Sold 2019-06-03
$45,000
IRMLS
Relisted 2019-04-24
$55,000
IRMLS
Listing removed 2019-03-12
$0
IRMLS
Listing removed 2019-03-06
$0
IRMLS
Relisted 2019-03-05
$55,000
IRMLS
Listing removed 2019-02-19
$0
IRMLS
Listed 2019-02-17
$55,000
IRMLS
Listing removed 2017-12-29
$55,900
IRMLS
Price Changed 2017-09-11
$55,900
IRMLS
Listed 2017-06-29
$79,900
IRMLS

Net Operating Income: 27277.92

Total Square Feet Living: 2442
Year Built: 1890
Above Grade Finished Area: 2442
Property Age: 134
Structure Type: Fourplex
House Style: Bi-Level
Total Area Sqft: 2442

Electric Expense: 1353.8
Sewer: City
City
Water Sewer Expense: 691.28
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.