$59,000
Beds
5
Baths
1
Square Ft.
4,415
Description
INVESTOR ALERT! Don't miss this rare opportunity to transform a grand 5-bedroom historic home in the charming city of Elwood. Just blocks from the heart of downtown, this property is bursting with potential and ready for a full gut renovation to bring it back to life. With nearly 3,200 square feet spread across two and a half floors, the layout and space offer endless possibilities for a creative and ambitious buyer. Some demolition work has already been started, and the roof is approximately 6 years old, giving you a head start on the rehab. The home sits on a spacious… Read More corner lot, offering plenty of room to add a garage, accessory dwelling unit (ADU), or even explore the potential for additional units (buyer to verify with the city). Whether you're looking to renovate for owner occupancy, create a short-term rental like an Airbnb or a charming bed & breakfast, or even explore commercial conversion given its location on Anderson Rd among several commercial properties-the upside is undeniable. If done right, the after-repair value (ARV) could reach $250K-$300K. This is a cash or hard/private money only sale due to the condition. Sold as-is. Bring your vision and unlock the full potential of this historic gem! Sold As-Is. No wholesalers and no seller financing. Read Less
Courtesy of Keller Williams Indpls Metro N.
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
1
Square Ft.
4,415
Lot Size
0.15 Acres
Year Built
1880
MLS Number
MBR22037126
Appliances & Equipment
Description: "None"
Basement
Description: "Unfinished"
Building
Area: 3185, Architecture: "Victorian", Building Area: 4415, Construction Materials: "Wood", Levels: "Two and a Half", Year Built: 1880
Cooling
Details: "None"
Exterior Features
Patio Features: "Wrap Around"
Fireplaces
Total Fireplaces: 0
Heating
Heating: "Forced Air", "Natural Gas"
Lot
Acres: 0.15, MLS Acres: <1/4 Acre
Utilities
Water Source: "Municipal/City"
Area snapshot
30 Days Snapshot Of 46036
$154k
(avg) sold price
-22%
12
homes sold
-7%
55
(avg) days on market
-50%
Nearby Schools
*Please check the school district website to see all schools in this area
Elwood Elementary School
Public
PK-2
Elwood Intermediate School
Public
3-6
Elwood Jr-Sr High School
Public
7-12
Snapshot
Area Map
Mortgage Calculator
Monthly Payment
$0
The above figures are estimates and are not endorsed or certified. Check with your lender for actual interest rates.
Listing Information © Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Information Deemed Reliable But Not Guaranteed.

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