3 months on rocket

748 Monroe St, Elkhart, IN, 46516

$140,000

Home List Price

$1,663*

Closing Credit

0 Baths
House

Location

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748 Monroe St, Elkhart$140,000

Buyer Closing Credits

$1,663*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1892
HeatingForced Air
CoolingCentral Air
MLS #202436628
Lot Size0.24 Acres
StatusActive

About 748 Monroe St

Don’t miss this incredible opportunity to add 5 buildings with 11 units to your portfolio, generating gross rents of approximately $7,000/month. Priced at $700,000, this package fits the 1% rule, making it an attractive investment. Some units have been freshly updated, adding further value to this deal. Addresses included: 420 Middlebury St., Elkhart 426 Middlebury St., Elkhart 500 Middlebury St., Elkhart 748 Monroe St., Elkhart 911 & 913 Princeton St., Elkhart (one building) Please Note: Due to a language barrier with tenants, showings will only be conducted after accepted offers. Please make your offer contingent on walkthroughs. Perfect for investors looking to expand their portfolio with a solid cash flow!

Property Details

Property Features

Property Information:

  • Year Built: 1892
  • Stories: 2

Listing Office:

  • Office Name: St. Joseph Realty Group
  • Listing Agent: Stephen DiJulius

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Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Middlebury St., N on Monroe St., home on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000
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Housing Market Comparison

See how this home compares to others in Elkhart, IN.

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Elkhart, IN

City

Med. Sold Price

$225K

Med. Price/SqFt

$127

# of Sold Homes

78

748 Monroe St vs Elkhart

92 DAYS ON ROCKET

$140,000

-$85K Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price in Elkhart, IN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #202436628

Listing Office:

  • Office Name: St. Joseph Realty Group
  • Listing Agent: Stephen DiJulius

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-990313
3
/10

  • Mary Beck Elementary School

  • 818 McDonald St

  • 0.41 miles

  • Public District Grades KG-6

school-card-donut-990314
5
/10

  • Roosevelt STEAM Academy

  • 201 W Wolf Ave

  • 0.86 miles

  • Public District Grades KG-6

school-card-donut-990315
3
/10

  • Beardsley Elementary School

  • 1027 McPherson St

  • 1.12 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,723. The most common annual income of people living in Elkhart, IN is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Elkhart, IN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Elkhart, IN?

Elkhart's housing market is diverse, offering a range of options from historic homes to newer constructions. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles that include ranch, colonial, and bungalow. The market also features a selection of apartments and townhouses, accommodating various housing preferences. The homeownership rate in Elkhart is robust, with a majority of residents owning their homes, while a smaller percentage are renters.

What are the advantages of living in Elkhart, IN?

Elkhart is celebrated for its vibrant community spirit and rich cultural heritage. The city prides itself on its musical history, often referred to as the 'Band Instrument Capital of the World', and hosts several festivals throughout the year that showcase its musical and artistic talents. The community's character is further defined by its scenic riverwalk and well-maintained parks, which provide residents with ample outdoor recreational opportunities.

Are essential services in Elkhart, IN convenient?

The community is served by a comprehensive educational system, including a number of public and private schools that cater to various educational needs. Elkhart boasts several healthcare facilities, offering a range of services from primary care to specialized medical treatments. The city's public library system supports lifelong learning with a variety of programs and resources. Retail and dining options in Elkhart reflect the local culture, with a mix of national chains and independent businesses that contribute to the city's unique charm.

How do Elkhart, IN residents get around?

Elkhart's transportation infrastructure includes a network of roads and highways that connect residents to nearby cities and states, with the Indiana Toll Road being a notable route for commuters. Public transit options are available, providing residents with alternatives to private vehicle use. The city's walkability varies by area, with the downtown region being particularly pedestrian-friendly. While specific ride-sharing statistics are not mentioned, such services are commonly used by residents for added convenience.

Frequently Asked Questions About 748 Monroe St

What is the listing price of this property?

The listing price of 748 Monroe St property is $140,000.

What type of property is this?

The property 748 Monroe St is a house located in Elkhart, Indiana, 46516.

Is this property for sale now?

Active Listing: 748 Monroe St is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 748 Monroe St is 1892.

Rocket Homes›Indiana›Elkhart County›Elkhart›46516›748 Monroe St

This home is located at 748 Monroe St in Elkhart, IN and zip code 46516. This home was built in 1892. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $140,000.

Over 16 listings were sold over their listed price in November 2024 in Elkhart, IN. In the same period over 32 listings were sold below the listed price and 27 listings were sold for the listed price. Between October 2024 and November 2024, Elkhart, IN real estate market has seen increase in the number of listings by 7.2%.

From Rocket Homes Real Estate and based on county public records data.

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