509 Prospect Street, Elkhart, IN 46514
Local realty services provided by:CENTURY 21 Circle
Listed by: jennea schirrCell: 574-215-9291
Office: mckinnies realty, llc. elkhart
MLS#:202538768
Source:Indiana Regional MLS
Price summary
- Price:$299,900
- Price per sq. ft.:$80.14
About this home
*** Back on Market ... AT NO FAULT OF SELLER!!! *** This unique property offers two properties on one tax-key ... a spacious two-story duplex plus a charming single bungalow home. Each unit features 2 bedrooms and 1 full bath, for a total of three 2 bed 1 bath units, providing versatile living options for investors or owner-occupants. The main level of the duplex is already occupied by a long-term tenant of over 20 years, giving you immediate rental income! With properties in very good condition and minimal updates needed, you can move right in or start renting right away. Offering new windows, flooring, HVAC, cabinets and baths. Live in the bungalow while the duplex pays your mortgage, or rent all three units for a strong cash flow opportunity. A detached garage adds even more value and convenience. The bungalow is 2 bed 1 bath as well. This is truly a must-see to appreciate property ... don’t miss your chance to own such a rare and profitable find! Since the upper level and single unit have been rehabbed current owner has not had renters ... So we do not have expenses at this time and the ROI is figured at the rental prices shown for each unit and is a guesstimate. MLS#202541262 for bungalow. sqft is the two properties added together....
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Home facts
- Year built:1880
- Listing ID #:202538768
- Added:173 day(s) ago
- Updated:March 17, 2026 at 07:31 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Laminate, Vinyl Tile, Wood
- Basement Description:Partial Basement, Unfinished
- Living area:2,852 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1880
- Building area:2,852 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Level
- Architectural Style:Two Story
- Construction Materials:Vinyl
- Levels:2 Stories
Schools
- High school:Elkhart
- Middle school:North Side
- Elementary school:Beardsley
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$299,900
- Price per sq. ft.:$80.14
Parking
- Garage spaces:1
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