Residential Land with Home for Sale in Elwood, Indiana

Endless possibilities await on this 3.66-acre property conveniently located on the Madison-Grant County line - perfect for a hobby farm or country retreat! With open pasture space, multiple outbuildings, and room to grow, this property offers a fantastic opportunity to create your ideal setup. Two pole barns, including one with a concrete floor, provide excellent storage or workspace options. A greenhouse and several additional outbuildings add even more versatility, along with a former 2-car garage that's been converted to a storage shed. Some structures will need TLC or removal, allowing you to customize the property to your needs. The 1899 farmhouse offers 2 bedrooms, 1 bathroom, and an office that could serve as a third bedroom. Recent updates include a full bathroom remodel (2025), a new furnace (2021), and a washer and dryer less than a year old. Property sold as-is. Cash or conventional financing only.