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$72,000 -

1001 S B Street Elwood IN 46036

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.16
Acres

Investment opportunity in Elwood, IN! This story-and-a-half duplex offers two separate units, each featuring 2 bedrooms, 1 full bath, and main-level laundry. The property is a solid candidate for an investor or owner-occupant looking to add value. The home does need to be trashed out and cleaned before re-renting, but much of the potential is already in place. You can renovate and rent both units, or live in one side while renting the other to offset your mortgage. Exterior features include vinyl siding and mostly vinyl replacement windows. Some remodeling has already been started, particularly in the right-side unit, which includes new kitchen cabinets, a new tub, toilet, vanity, and a new back door. The property is being sold as-is, making it a great opportunity for buyers ready to finish improvements and build equity or rental income.

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Property Details

Price: $72,000 Previously: $72,000 Originally: $72,000 Bathrooms: 0.00 MLS #: 22077497 Year Built: 1940 Township: Pipe Creek Type: Residential Income Zip Code: 46036 City: Elwood Subdivision: Lake Erie County: Madison School District: Elwood Community School Corp High School: Elwood Jr-Sr High School Elementary School: Elwood Elementary School

Interior Features

Interior Features:
  • Cooling: None
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Setting / Lot Description: Corner Lot
  • # Acres: 0.16

Listing Office: Homeward Bound Realty Llc

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on January 17th, 2026 at 8:43am EST.

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