Ellsbury Commercial Group is pleased to present Pine Grove Apartments, a 42-unit community located in Elwood, IN. The property offers a desirable mix of 8 two-bedroom/one-bath, 27 one-bedroom/one-bath, and 7 studio units. Spread across seven single-story buildings totaling 25,768 sq. ft., Pine Grove sits on a spacious 4.45-acre lot. Built in 1982, the community is stable with consistent occupancy and tenant-paid electric utilities. With modest updates and potential rent growth, Pine Grove Apartments provides a compelling opportunity for reliable day-one income alongside future upside.