# 1500 W Lexington Avenue, Elkhart, IN 46516

> **TL;DR:** 2bd/1ba residential multi family, $120,000 ($139/sqft), 866 sqft.
> Basement. Est. $520/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $120,000 |
| Price/sqft | $139 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 866 |
| Lot Size | 12,197 sqft (0.28 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 6 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $520 |
| **Total** | **$520** |

## Nearby Schools

- **Elementary:** Mary Daly
- **Middle:** West Side
- **High:** Elkhart

## Key Amenities

- Basement

## Property Highlights

- 0.28 acre lot

## Description

### Agent Description
Tenant-occupied investment opportunity in Elkhart! This single-family home offers immediate rental income with an established tenant already in place. Property features spacious living areas, functional layout, and convenient location near shopping, schools, and major roadways. Great opportunity for investors looking to expand their portfolio or add a cash-flowing property. Please allow notice for showings due to tenant occupancy.

## Location

- **Address:** 1500 W Lexington Avenue, Elkhart, IN 46516
- **County:** Elkhart County
- **Neighborhood:** None
- **Coordinates:** 41.684066, -85.997485
- **Google Maps:** https://www.google.com/maps?q=41.684066,-85.997485

## Listing Agent

- **Name:** Michelle Bordeau
- **Brokerage:** SUNRISE Realty
- **Phone:** 5743398199
- **Email:** MichelleBordeau40@gmail.com

## Primary Photo

![1500 W Lexington Avenue - Primary Photo](http://lh.rdcpix.com/4a39f3a3561e2dfd7cfe037df8e57fa0l-f2169573788r.jpg)

*11 total photos available on [listing page](https://www.propertysimple.com/listing/1500-w-lexington-avenue-elkhart-in-46516-02620063)*

---

**MLS#:** 202620063 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1500-w-lexington-avenue-elkhart-in-46516-02620063)

---

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  "description": "Tenant-occupied investment opportunity in Elkhart! This single-family home offers immediate rental income with an established tenant already in place. Property features spacious living areas, functional layout, and convenient location near shopping, schools, and major roadways. Great opportunity for investors looking to expand their portfolio or add a cash-flowing property. Please allow notice for showings due to tenant occupancy.",
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