802 S Anderson ST new Save Request In-Person Tour Request Virtual Tour
Elwood,IN 46036
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,415 sqft
Price per Sqft $13
Subdivision No Subdivision
MLS Listing ID 22037126
Bedrooms 5
Full Baths 1
HOA Y/N No
Year Built 1880
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
Property Description
INVESTOR ALERT! Don't miss this rare opportunity to transform a grand 5-bedroom historic home in the charming city of Elwood. Just blocks from the heart of downtown, this property is bursting with potential and ready for a full gut renovation to bring it back to life. With nearly 3,200 square feet spread across two and a half floors, the layout and space offer endless possibilities for a creative and ambitious buyer. Some demolition work has already been started, and the roof is approximately 6 years old, giving you a head start on the rehab. The home sits on a spacious corner lot, offering plenty of room to add a garage, accessory dwelling unit (ADU), or even explore the potential for additional units (buyer to verify with the city). Whether you're looking to renovate for owner occupancy, create a short-term rental like an Airbnb or a charming bed & breakfast, or even explore commercial conversion given its location on Anderson Rd among several commercial properties-the upside is undeniable. If done right, the after-repair value (ARV) could reach $250K-$300K. This is a cash or hard/private money only sale due to the condition. Sold as-is. Bring your vision and unlock the full potential of this historic gem! Sold As-Is. No wholesalers and no seller financing.
Location
State IN
County Madison
Rooms
Basement Unfinished
Main Level Bedrooms 1
Interior
Interior Features Hardwood Floors
Heating Forced Air,Natural Gas
Cooling None
Fireplace Y
Appliance None
Exterior
View Y/N false
Building
Story Two and a Half
Foundation Brick
Water Municipal/City
Architectural Style Victorian
Structure Type Wood
New Construction false
Schools
School District Elwood Community School Corp