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1636 S B Street

Elwood, IN 46036

ActiveListed Sep 26, 2026 · 1 day on market

Key facts

Beds
3
Baths
1 full
Living area
1,403 sqft
Lot
0.08 acres
Year built
1949
Type
Residential · Single Family Residence
Stories
One
MLS #
22128229
County
Madison
Subdivision
No Subdivision

About this home

Investment opportunity in Elwood! This tenant-occupied, single-story home offers 1,403 sq. ft. of living space with 3 bedrooms and 1 full bathroom. The home features an updated kitchen with shaker-style cabinetry, a dedicated laundry room, covered front porch, and storage shed. Currently leased, making this an attractive option for an investor looking for a property with a tenant already in place. Also a possibility for a future owner-occupant willing to purchase subject to the existing lease.

Description provided by the listing brokerage.

Interior

Appliances
MicroHoodGas OvenRefrigeratorMicrowaveWater Heater
Interior features
Attic AccessEat-in KitchenPantry
Laundry
Laundry Room
Windows
ScreensVinyl Windows
Rooms
7
Main-level bedrooms
3

Exterior

Exterior features
Barn Mini
Patio and porch
Covered
Construction
Vinyl Siding
Foundation
Block
Style
Traditional
Parking and garage
Gravel
Other equipment
Smoke Alarm

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
City Lot

Schools

Elementary school
Elwood Elementary School
School district
Elwood Community School Corp

Taxes

Estimated annual tax
$1,220 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$856per month, estimated
Principal and interest $706Property tax $102Insurance $49
20% · $28,000
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.

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Listed at$140,000
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