IN > Elkhart
Elkhart, IN 46514-2618,507 Prospect Street
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Elkhart, IN 46514-2618,507 Prospect Street
Elkhart, IN 46514-2618,507 Prospect Street
Elkhart, IN 46514-2618,507 Prospect Street
Elkhart, IN 46514-2618,507 Prospect Street
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Trueblood Real Estate

Trueblood Real Estate

+1(317) 513-1395
$ 339,900
Est. payment /mo
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Price Dropped by $10K

507 Prospect Street Elkhart, IN 46514-2618

2 Beds

1 Bath

784 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Site-Built Home

Listing Status Active

Purchase Type For Sale

Square Footage 784 sqft

MLS Listing ID 202541262

Style One Story

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 784

Total Fin. Sqft 784

Year Built 1880

Annual Tax Amount $1,072

Tax Year 2025

Lot Size 10,018 Sqft

Property Sub-Type Site-Built Home

Property Description

This unique property features two separate residences on a single tax key: a charming single-story bungalow and a spacious two-story duplex. Each duplex unit offers two bedrooms and one full bath, providing flexible living arrangements for an owner-occupant or an investor seeking strong rental returns. The main level of the duplex is occupied by a long-term tenant of over 20 years, offering immediate, stable rental income. Both the upper duplex unit and the bungalow have been recently updated, meaning minimal work is needed before moving in or renting out. Updates include new windows, flooring, HVAC systems, cabinetry, and refreshed baths. Live in the bungalow while the duplex helps pay your mortgage, or rent out all three units for excellent cash flow potential. A detached garage adds even more convenience and value. This rare and profitable property is in very good condition and truly a must-see—don't miss your chance to own such a versatile investment!

Location

State IN

County Elkhart County

Area Elkhart County

Direction North on N Michigan to Cedar Right (East) on Cedar to Prospect Left (North) on Prospect to property on left hand

Rooms

Basement Unfinished

Interior

Heating Gas, Forced Air

Cooling None

Fireplaces Type None

Appliance Refrigerator, Range-Electric, Water Heater Gas

Laundry Basement

Exterior

Parking Features Detached

Garage Spaces 1.0

Amenities Available Cable Available, Countertops-Laminate, Eat-In Kitchen

Building

Lot Description Level

Story 1

Foundation Unfinished

Sewer City

Water City

Structure Type Vinyl

New Construction No

Schools

Elementary Schools Beardsley

Middle Schools North Side

High Schools Elkhart

School District Elkhart Community Schools

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202541262

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Jennea Schirr • McKinnies Realty, LLC Elkhart • Cell: 574-215-9291
Trueblood Real Estate

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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507 Prospect Street

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