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$2,900,000
13 Days On Site
3033 S P StreetElwood, IN 46036
For Sale|Multi Family|Active
0
Beds
0
Total Baths
25,768
SqFt
$113
/SqFt
1982
Built
County:
Madison
Listing courtesy of Ellsbury Group (219) 805-5200
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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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Listing Snapshot
Price
$2,900,000
Days On Site
13 Days
Bedrooms
N/A
Inside Area (SqFt)
25,768 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
4.55 Acres
Year Built
1982
MLS® Number
22092189
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
Recent Activity
| 2 weeks ago | Listing first seen on site | |
| 2 weeks ago | Listing updated with changes from the MLS® |
General Features
Acres
4.55
Additional Property Use
Residential
Levels
One
Property Sub Type
Multi Family
SqFt Total
25768
Utilities
Cable AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Zoning
Residential Multi Family
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Community Features
MLS Area
4804 - Madison - Pipe Creek
School District
Elwood Community School Corp
Township
Pipe Creek
Schools
School District
Elwood Community School Corp
Elementary School
Elwood Elementary School
Middle School
Unknown
High School
Unknown
Listing courtesy of Ellsbury Group (219) 805-5200
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-04-13 07:21 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-04-13 07:21 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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