3033 S P Street, Elwood, IN 46036
- $2,900,000
- 25,768
- SqFt
- List Price
- $2,900,000
- MLS#
- 22092189
- Property Type
- Commercial Sale
- Sqft. of Residence
- 25,768
- Year Built
- 1982
- Days on Market
- 120
- Status
- ACTIVE
Property Description
Pine Grove Apartments is a 42-unit community located in Elwood, IN, with a desirable mix of 8 two-bed/one-bath, 27 one-bed/one-bath, and 7 studios. The property spans seven single-story buildings totaling 25,768 sq. ft. on a large 4.45-acre lot. Built in 1982, the community is stable with consistent occupancy and tenant-paid electric utilities. With modest updates and rent growth, Pine Grove offers plenty of upside potential alongside reliable day-one income.
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Additional Information
- Stories
- One
- Acres
- 4.55
- Region
- Pipe Creek
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Listing courtesy of Ellsbury Group.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative