Home For Sale In Elkhart, Indiana

house for sale

Listed: 02/03/24

696 Strong Avenue, Elkhart, IN 46514, USA

32 Bed:

32 Bath:

22,020 Sq Ft Living Area:

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Price

$ 2,89M

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About This House

Investment opportunity ! 8 multi family buildings/32 apartments with great cash flow. Average rent is $900/month/apartment. 9% cap rate. These would make a perfect 1031 exchange investment. Located in the popular Strong Avenue area of Elkhart. Close to the Riverwalk, Aquatic Center, restaurants, shops and all that downtown Elkhart has to offer.

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Houses for sale in Elkhart

Original listing

Elkhart Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
Apr 2024	$173,183 (0%)
Mar 2024	$173,183 (0%)
Feb 2024	$173,183 (0%)
Jan 2024	$173,183 (+4.8%)
Dec 2023	$165,317 (-7.4%)
Nov 2023	$178,469 (-9.4%)

In April 2024, the asking price for 3 bed houses for sale in/near Elkhart, United States averaged $173,183, staying on the same level compared to the previous month.

Median price trends for properties for sale in Elkhart, United States as of April 2024.

Household Income

Median household income: $37,121

Number of households: 19,785

The average household income in Elkhart, IN grew from $35,555 to $37,121 in the past year. This data is an estimate based upon 19,785 households in Elkhart, IN.
The chart below presents how household income is distributed in Elkhart, IN in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elkhart, IN compared to median property taxes around the country. The prevalent amount of property taxes in Elkhart, IN equals <$800 , which is more than the national average.