517 W Lexington Ave, Elkhart, IN, 46516
About This Home
Great income producer! Triplex in Elkhart on a corner lot featuring 3 large units, 3 attached garages, a brick woodburning fireplace on the main level a common laundry area on the main level and new furnaces. Close to downtown, shopping and restaurants.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Construction materials: Aluminum Siding,Vinyl Siding,Masonry
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,371
Heating & Cooling
- Heating features: Natural Gas,Forced Air,Fireplace(s)
- Cooling features: None
Interior Area
- Total structure area: 3,628
- Total interior livable area: 2,371 sqft
Property
Details
- Parcel number: 200605376006.000012
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
- Fencing: Fenced
Lot
- Lot size: 0.25 Acres
- Features: Corner Lot
- Lot size dimensions: 66x165
Parking
- Total spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,137 | $13,644 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $306 | $3,672 |
| Electricity | $217 | $2,608 |
| Total | $1,826 | $21,912 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-30 | Listed for sale | $225,000 |
| 2022-07-14 | Sold | $185,000 |
| 2022-05-25 | Pending sale | $210,000 |
| 2022-04-15 | Price change | $210,000 |
| 2022-02-01 | Listed for sale | $255,000 |
| 2006-03-24 | Sold | $34,100 |
| 2005-10-17 | Sold | $99,550 |
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