Listing courtesy of McKinnies Realty, LLC Elkhart · Listing agent: Terrie Forrest · Cell: 574-320-7777
616 N Michigan Street
Elkhart, IN 46514-2622
Original price $209,900 · Price reduced on September 8, 2026
- Basement
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 1,502 sq ft
- Lot
- 0.2 ac
- Year built
- 1902
- Type
- Triplex
- Listed
- July 13, 2026
- MLS #
- 202627998
About this home
Looking for an affordable 3 unit? Stop right here! This close to town rental was renovated before these 3 tenants moved in (see pics). A new furnace was also installed this year. This would be a great way to start or add to your portfolio.
Monthly payment estimate
$1,299/mo
- Principal & interest
- $1,050
- Property taxes
- $193
- Homeowners insurance
- $56
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Get pre-approved
Know your real budget before you tour, and make a stronger offer. We'll connect you with a local lender.
Property details
Interior
- Levels
- One and One Half
- Stories
- 2
- Total area
- 2,129 sq ft
- Finished area above grade
- 1,502 sq ft
- Unfinished area below grade
- 627 sq ft
- Below grade total
- 627 sq ft
- Bedrooms above grade
- 4
- Basement
- Partial, Michigan Basement, Outside Entrance, Unfinished
- Flooring
- Laminate
- Heating
- Natural Gas, Forced Air
- Cooling
- Window Unit(s)
- Amenities
- Basement, Off Street Parking, Porch Open, Water Heater Gas
Exterior & parking
- Construction
- Vinyl Siding
- Roof
- Shingle
- Parking
- Dirt Driveway, Gravel, Off Street
- Private pool
- No
- Other structures
- Detached Garage
- Outbuilding 1
- 192 sq ft
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.2 ac
- Lot dimensions
- 67X132
- Location type
- City/Town/Suburb
- County
- Elkhart County
- Township
- Concord
- Lots
- 68
- Platted
- Yes
- Planned unit development
- No
- Directions
- Michigan St North of Bower, before Maple Row on the East side.
Schools
- Elementary school
- Mary Beck
- Middle school
- West Side
- High school
- Elkhart
- School district
- Elkhart Community Schools
Taxes & terms
- Annual taxes
- $2,310
- Tax year
- 2026
- Tax exemptions
- No Exemptions
- Listing terms
- Cash, Conventional
- Possession
- tenants rights
- Parcel number
- 20-06-06-285-008.000-012
Included in the sale
- Included in sale
- Building,Lease
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- AEP/I&M
- Gas provider
- NIPSCO
Income & commercial
- Units
- 3
- Buildings
- 1
- Annual gross rent
- $32,100
- Net operating income
- $21,894
- Lease term
- 12 Months
- Parking spaces
- 3
- Pets allowed
- Yes
- Electric meters
- 2
- Gas meters
- 1
- Water meters
- 1
- Insurance (annual)
- $1,560
- Water & sewer (annual)
- $1,200
- Electric (annual)
- $2,736
- Fuel (annual)
- $2,400
Location
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