507 Prospect Street, Elkhart, IN 46514

Elkhart
Local realty services provided by:Better Homes and Gardens Real Estate Connections
507 Prospect Street,Elkhart, IN 46514
$285,000
  • 6 Beds
  • 3 Baths
  • - sq. ft.
  • Single family
  • Sold
Listed by: jennea schirrCell: 574-215-9291
Office: mckinnies realty, llc. elkhart
MLS#:202541262
Source:Indiana Regional MLS

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Price summary

  • Price:$285,000

About this home

*** Back on Market ... AT NO FAULT OF SELLER!!! *** 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, total of three 2 bed 1 bath units, 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...

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Home facts

  • Year built:1880
  • Listing ID #:202541262
  • Added:194 day(s) ago
  • Updated:April 24, 2026 at 06:34 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:6
  • Kitchen Description:Eat-In Kitchen, Range-Electric, Refrigerator
  • Basement Description:Unfinished

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1880
  • Lot Features:Level
  • Architectural Style:One Story
  • Construction Materials:Vinyl
  • Levels:1 Story

Schools

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

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$285,000
  • Tax amount:$1,072

Features and amenities

  • Laundry features:In Basement
  • Amenities:Cable Available, Countertops-Laminate

Parking

  • Parking description:Detached
  • Garage spaces:1
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 2026 Indiana Regional MLS LLC.

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