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2115 S I St, Elwood, IN, 46036

4beds
1baths
1,987sqft
$135,000
$68price/sqft
$1,278/moest. monthly cost
$51,120/yrincome needed

About This Home

Value add opportunity in Elwood with heavy lifting already done. Brand new framework, all new HVAC system including air conditioner and furnace, fully electric, and all new windows installed. Drywall is up and ready for finishing. Flooring still needs to be laid. Perfect for investors seeking a clean rehab with clear scope, fast turnaround potential, and solid ARV upside.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

--
Elwood Elementary SchoolGrades PK-21.2 mi
3/10

Construction

Condition

  • Year built: 1895

Materials

  • Foundation: Concrete Perimeter,Crawl Space
  • Construction materials: Shingle Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: None

Basement

  • Has basement: Yes

Bedroom2

  • Level: Main
  • Area: 120
  • Dimensions: 10x12

Bedroom3

  • Features: Other
  • Level: Upper
  • Dimensions: 0x0

Bedroom4

  • Features: Other
  • Level: Upper
  • Dimensions: 0x0

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 140
  • Dimensions: 10x14

Features

  • Pantry
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,987
  • Total interior livable area: 1,987 sqft

Living Room

  • Level: Main
  • Area: 168
  • Dimensions: 12x14

Master Bedroom

  • Level: Main
  • Area: 320
  • Dimensions: 16x20

Property

Details

  • Parcel number: 480415301049000027
  • Horse amenities: None

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 7,405 sqft

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
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

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

MonthlyAnnual
Mortgage $682$8,184
Home Insurance *$138$1,656
Property Taxes $274$3,288
Electricity $184$2,212
Total$1,278$15,336
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$43,817/yr
40% on housing$38,340/yr
45% on housing$34,080/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$68This listing

vs Other Active Listings

Avg $/sqft

ZIP 46036$78
Madison County$95

vs Homes Sold Last Month

Median $/sqft

ZIP 46036$105
Madison County$120

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

DateEventPrice
2026-03-11Price change$150,000
2026-02-06Listed for sale$160,000
2025-09-12Sold$78,500
2025-09-03Listed for sale$78,500
2025-09-02Pending sale$78,500
2025-08-30Listed for sale$78,500
2025-08-30Pending sale$78,500
2025-08-28Price change$78,500
2025-08-21Price change$87,500
2025-06-18Pending sale$100,000

For Sale by Agent

AgentMeMe Howard
BrokerageCompass Indiana, LLC

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