$2,900,000

3033 S P Street, Elwood, IN 46036

  • 25,768 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1982
  • Property Lot Size Icon4.55acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $113/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Pine Grove Apartments is a 42-unit community located in Elwood, IN, with a desirable mix of 8 two-bed/one-bath, 27 one-bed/one-bath, and 7 studios. The property spans seven single-story buildings totaling 25,768 sq. ft. on a large 4.45-acre lot. Built in 1982, the community is stable with consistent occupancy and tenant-paid electric utilities. With modest updates and rent growth, Pine Grove offers plenty of upside potential alongside reliable day-one income.

Listing Status:
Active
Data Last Updated:
July 6, 2026 at 8:20PM
Listing Office:
Ellsbury Group : 219-805-5200
Listing Agent:
Tariq Suboh : 219-805-5200
MLS ID:
22092189
  • General: One
  • Originating MLS: mibor
  • School District: Elwood Community School Corp
  • County: Madison
  • Zoning: Residential Multi FamilyNw Nw 23-21-6 (4.313Ac)480423200016000027
  • Current Use: Apt>20Residential
  • Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: mibor

This listing courtesy of Tariq Suboh , Ellsbury Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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