845 N Dearborn Street Indianapolis, IN $ 205,000
845 N Dearborn Street
$ 205,000
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845 N Dearborn Street

Indianapolis, IN, 46201
$ 205,000
Baths0.0

Monthly Estimate*

$ 1,362

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $205,000. This home was built in 1920 on a lot size of 0.11.

Welcome to your next investment venture! This charming duplex, located at 845 N Dearborn St, Indianapolis, offers an excellent opportunity for savvy investors or homebuyers looking to generate passive income. Key Features: Prime Location: Situated in a desirable neighborhood, this property offers convenience and accessibility to local amenities, schools, and transportation routes. Income Potential: One side of the duplex is currently leased, providing a steady rental income of $995 per month. With one tenant already in place, you can start earning from day one. Versatile Living Space: The other side of the duplex is vacant and ready for occupancy. Whether you're looking to rent it out for additional income or move in yourself, this flexible space offers endless possibilities. Investment Flexibility: Investors have the option to rent out both units for maximum rental income or live in one unit while renting out the other to offset mortgage expenses. Low Maintenance: With separate entrances for each unit, maintenance and management are streamlined, making this property an attractive option for landlords. Investment Potential: Rental Income: The current rental income from one unit provides a solid foundation for immediate cash flow. With the second unit ready for occupancy, you have the potential to double your rental income. Appreciation: Indianapolis' real estate market has shown steady appreciation over the years, offering the potential for long-term capital growth on your investment. Don't Miss Out! Whether you're an experienced investor or a first-time buyer, 845 N Dearborn St presents an excellent opportunity to capitalize on the thriving Indianapolis real estate market. Schedule a viewing today and unlock the potential of this lucrative investment property!

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Multi-Family Pending

Price

$ 205,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,820

Style

TraditonalAmerican

Lot Size

0.11

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21979857

Features
General
Heating Forced Air
Possession Closing Subject To Tenants Rights
Architectural Style TraditonalAmerican
Construction Materials Aluminum Siding
Year Built 1920
Township Center
Levels Two
Property SubType Duplex
Tax Year 2023
Current Use Residential
County Marion
Net Operating Income 0
New Construction N
Property Type Residential Income
Subdivision Name E T Woods Oakland Park
Status Pending
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.5
High School District Indianapolis Public Schools
NumberOfUnitsTotal 2
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 4704
Street Name Dearborn
Days on Market 9
Structure Type Duplex
Standard Status Pending
Tax Lot 77
Buyer Agent Compensation Type %
Legal Description Woods 3rd Oakland Park L77
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Exterior
Parking Features Alley Access
Lot Features Sidewalks
Lot Size Acres 0.11
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Interior
Basement (Y/N) Y
Street Suffix Street
Laundry Features No Laundry Facil.
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* Excluded Features
List By
Wilmoth Group

Broker

maxr@wilmothgroup.com

Email

Affordability Calculator

$1,597
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,362
Monthly Property Taxes
$235
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$205,000 Listed Price

Map


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845 N Dearborn Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $205,000 with a lot size of 0.11. 845 N Dearborn Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 46201 which is in Indianapolis, IN