2022 Elk Street, Lafayette, IN 47904

$179,900 Asking Price

2 beds
2 baths
1,324  sqft
Built in 1910

This unique investment opportunity features two separate housing units with grandfather zoning - allowing for flexible living or rental income! The main home is a cozy 2-bedroom, 1-bath residence, featuring a warm sunroom, spacious dining area, and an updated kitchen. A full basement provides additional storage or potential for extra space. The second unit is a comfortable 1-bedroom with its own kitchen, dining space, and living room, ideal for a tenant, extended family, or even a guest suite. Both units are currently occupied on a month-to-month basis, offering immediate rental income with flexibility. This property is ideal for first-time homeowners seeking extra income, savvy investors, or students looking to offset costs by renting to roommates. It's close proximity to West Lafayette, versatility, and income potential, this property is a rare find that promises value for a variety of living arrangements and investment strategies!

Features & Amenities

Interior

Basement:
Partial Basement
Flooring:
Carpet,Tile,Vinyl
A/C:
Central Air,Wall AC
Heating:
Gas,Baseboard,Forced Air
Fireplace:
None

Exterior

General:
Aluminum,Block
Style:
Traditional,Duplex

Construction

Roofing:
Asphalt
General:
One Story, Partial Basement

Location

HOA Amenities:
Not Applicable
School District:
Lafayette

Lot

Driveway:
None
Zoning:
R1, J G ROBINSONS ADDN 43 FT E END LOT 8 & LOT 9, 79-07-16-835-065.000-004
Fencing:
Partial,Chain Link,Wood

Utilities

Water:
City

This listing courtesy of:
Keller Williams Lafayette, Scott Brown

About Lafayette, IN

Housing

Number of Units
47,299
Median Home Value
$155,423
Median Rent
$721

40.32% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
81.86%
Public Transportation
1.98%
Walk to Work
1.46%
Work from Home
13.98%
Other
0.33%

The median travel time to work is 17 minutes.

People

Population
108,492
Median Age
33.90
Median Household Size
2.51

Education

High School
31.42%
Associate’s Degree
7.60%
Bachelor’s Degree
20.11%
Graduate Degree
11.22%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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