Skip to content

515 Main Street

Elwood, IN 46036

ActiveListed May 22, 2026 · 113 days on market

Key facts

Beds
4
Baths
1 full · 2 half
Living area
3,165 sqft
Lot
0.85 acres
Year built
1859
Type
Residential · Single Family Residence
Stories
Multi/split
Garage
3 spaces
MLS #
22097996
County
Madison
Subdivision
No Subdivision
Total building area
3,427 sqft

About this home

Step into a living piece of history-an extraordinary Greek Revival home built in 1859. Situated on a rare 0.85-acre corner lot spanning two corners, this 4-bedroom home blends timeless character with thoughtful modern updates. Mature trees, manicured landscaping, wrought iron fencing, and a wraparound driveway create a private, secret-garden setting. Inside, you'll find original hardwoods, door transoms, a curved staircase crafted with 5 different wood types, original working shutters, a solid steel balcony, and 2 wood-burning fireplaces. The updated 2024 kitchen features granite countertops, beautiful cabinetry, & LVP flooring. Spacious living areas, a formal dining room, finished third-floor flex space, a 2-car garage with an attached workshop-originally built as a horse barn with loft-mini barn, a private outdoor retreat, a concrete chessboard, and a back porch fireplace make this property truly one of a kind. A rare opportunity to own one of Elwood's historic treasures while enjoying space, privacy, charm, and modern functionality.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerElectric Water HeaterDisposalHumidifierMicrowaveElectric OvenRefrigeratorWasherWater HeaterWater Softener Rented
Interior features
Attic StairwayHigh CeilingsEntrance FoyerWalk-In Closet(s)
Kitchen
Kitchen Updated
Flooring
Hardwood
Basement
PartialUnfinished
Fireplaces
3
Fireplace type
Family RoomBlower FanKitchenLiving RoomNon Functional
Laundry
Upper Level
Windows
Vinyl WindowsWood Frames
Rooms
8

Exterior

Exterior features
Barn MiniBalcony
Patio and porch
CoveredPatio
Construction
Brick
Foundation
Brick/MortarCrawl SpaceConcrete PerimeterPartial
Style
Gothic RevivalSplit Level
Parking and garage
Detached
Fencing
PartialFront YardWrought Iron

Systems

Heating
Radiant
Cooling
Window Unit(s)
Water
Public

Lot and HOA

Lot features
Corner LotNot In SubdivisionMature Trees

Schools

Elementary school
Elwood Elementary School
High school
Elwood Jr-Sr High School
School district
Elwood Community School Corp

Taxes

Estimated annual tax
$2,090 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,681per month, estimated
Principal and interest $2,344Property tax $174Insurance $163
20% · $93,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$465,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.