1602 South J Street

Elwood, IN 46036

$325,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turn Key Investment property. This 4 unit quadplex was purchased in 2021 and has been totally renovated. It has been rented out ever since. New Metal roof, vinyl siding, plumbing, and electrical. Each unit has new furnace and A/C, Vinyl plank flooring, updated kitchen and bathrooms. House has separate meters for utilities. So, tenants pay for all utilities including water,sewer. High income and low maintenance. This property could be purchased in a package of 4 buildings with 11 units.Turn Key Investment property. This 4 unit quadplex was purchased in 2021 and has been totally renovated. It has been rented out ever since. New Metal roof, vinyl siding, plumbing, and electrical. Each unit has new furnace and A/C, Vinyl plank flooring, updated kitchen and bathrooms. House has separate meters for utilities. So, tenants pay for all utilities including water,sewer. High income and low maintenance. This property could be purchased in a package of 4 buildings with 11 units.
  1. Listed by Dan Bragg • Berkshire Hathaway Home • dbragg@bhhsin.com

Property Details for 1602 South J Street

Architectural Style
TraditonalAmerican
Subdivision Name
Lynnwood
Township
Pipe Creek
Waterfront
No
LISTING UPDATED: 11/16/2024 07:04 AM

Property Details for 1602 South J Street

StatusActive
MLS #22011602
Days on Market3
Taxes$927 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1896
Lot Size0.17 AC / 7,405 SF
CountyMadison County

Building Information for 1602 South J Street

Stories-Residences4Year Built1896Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 1602 South J Street

Summary
Location and General Information
  • City: Elwood
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46036
  • Postal Code Plus4: 2852
  • Road Access: Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 480415302031000027
  • Semi Annual Property Tax Amt: 927
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 48-04-15-302-031.000-027
  • Tax Block: 097
School Information
  • Elementary School: Elwood Elementary School
  • High School: Elwood Jr-Sr High School
  • School District: Elwood Community School Corp
Owner
  • Owner Pays: Insurance, No Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 7492.0
  • Lot Size Acres: 0.17
  • New Construction: False
  • Possible Use: Apt<20
  • Year Built Numeric: 1896
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: No
  • Legal Subdivision: Lynwood 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 47
  • Property Attached: No
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Municipal Storm Connected,Separate Gas Meter,Separate Sewer Meter,Storm Sewer,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Roof: Metal
Interior Features
  • Basement YN: No
  • Cooling: Central Electric
  • Heating: Forced Air, Gas
  • Levels: Two
  • Laundry Features: Connections All, Main Level
  • Multi Baths: 5
  • Multi Beds: 4
Multi Family
Multi-Family Information
  • Total Units: 4
Income & Expenses
  • Expenses: 0
  • Net Operating Income: $30,000.00
  • Gross Income: $30,000.00
Unit 1
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 10x10
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 10x10
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Elec
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities, Insurance, Lawncare

Property History for 1602 South J Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1602 South J Street

Taxable ValueLand$4,300Additions$88,400Total$92,700
Tax Record2023$1,854 ($154 / month)
Home Facts
Baths5Total Finished SqFt2,896 SqFtAbove Grade Finished SqFt2,896 SqFtStories2Lot Size7,492 SqFtStyleMulti-Family Dwelling (2-4)Year Built1896Year Renovated1960CountyMADISONAPN48-04-15-302-031.000-027

Schools near 1602 South J Street

This home is within Elwood Community School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 7 to 12
Public - 6 to 12
Rating
School
Distance
Elwood Elementary School
PublicPK to 2

Elwood Intermediate School
Public3 to 6

Elwood JR-SR High School
Public7 to 12

John H Hinds Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1602 South J Street is a multi-family home for sale in Elwood, IN 46036. This property was listed for sale on November 15, 2024 by Berkshire Hathaway Home, it's currently listed at $325,000. This listing's school district is Elwood Community School Corp. Nearby schools include Elwood Elementary School, Elwood Intermediate School and Elwood JR-SR High School. 1602 South J Street is a 0-bed, 0-bath, multi-family home built in 1896.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway Home

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.