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509 Prospect Street, Elkhart, IN 46514

Local realty services provided by:CENTURY 21 Affiliated
509 Prospect Street,Elkhart, IN 46514
$324,900
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  • 6 Beds
  • 3 Baths
  • 2,852 sq. ft.
  • Multi-family
  • Active
Listed by: jennea schirrCell: 574-215-9291
Office: mckinnies realty, llc. elkhart
MLS#:202538768
Source:Indiana Regional MLS

Price summary

  • Price:$324,900
  • Price per sq. ft.:$86.83

About this home

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

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Home facts

  • Year built:1880
  • Listing ID #:202538768
  • Added:84 day(s) ago
  • Updated:December 17, 2025 at 07:44 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • 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

Schools

  • High school:Elkhart
  • Middle school:North Side
  • Elementary school:Beardsley

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$324,900
  • Price per sq. ft.:$86.83
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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