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Excellent investment opportunity on this bungalow in Elwood! Last rent was $985/month. Property needs some work but near parks and close to Speedway or Downtown. This 2 bedroom home features enclosed front and back porches, 2 spacious bedrooms on the main level, large eat-in kitchen with a breakfast bar, ceiling fans, separate laundry room, a huge upstairs loft area that could be used as a 3rd bedroom, and spacious yard. Additional 6 properties available from same seller/agent, varying condition. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Utilities are inactive and the home is winterized.
Property Type(s):
Single Family
| Last Updated | 10/5/2026 | Tract | Starkeys |
|---|---|---|---|
| Year Built | 1884 | Community | 4804 - Madison - Pipe Creek |
| County | Madison |
Price History
| Prior to Jan 19, '26 | $101,900 |
|---|---|
| Jan 19, '26 - Mar 17, '26 | $96,900 |
| Mar 17, '26 - Jul 7, '26 | $94,900 |
| Jul 7, '26 - Oct 5, '26 | $91,900 |
| Oct 5, '26 - Today | $84,900 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Gas Oven, Gas Water Heater, Refrigerator |
| AREA | 4804 - Madison - Pipe Creek |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | Forced Air |
| LOT | 6098 sq ft |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | Starkeys |
| WATER | Public |
Location
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Listed with Barron Property Services
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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