Investor Alert or Future Home with Charm. Great opportunity for investors or future homeowners looking for a charming property with built-in income. This 3-bedroom, 1-bath home sits on a 0.8 acre lot and offers 1,008 sq ft of living space. Inside, you'll find three nicely sized bedrooms, a full bath, and a dedicated laundry room - all laid out on a single level. While the home could benefit from some updates, it's a great canvas for your vision, whether you're planning to renovate, expand, or simply enjoy the space as it is. Whether you're looking to build your rental portfolio or planning ahead for a personal residence, this property has plenty of upside and room to grow.
Sold
$110,000
1641 S Sherman Dr, Indianapolis, IN 46203
3beds
1,008sqft
Residential, Single Family Residence
Built in 1930
0.8 Acres Lot
$111,000 Zestimate®
$109/sqft
$1,321 Estimated rent
Home value
$111,000
$102,000 - $121,000
$1,321/mo
Zestimate® history
Owner options
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$1,321/mo
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$1,321/mo
Rent Zestimate®
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$553/mo
Est. payment
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$553/mo
Est. payment
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List your homeWhat's special
Three nicely sized bedroomsDedicated laundry room
Zillow last checked:
Listing updated:
Listed by:
Jessica Madrigal 317-794-4649,
F.C. Tucker Company,
Samuel Arce 317-442-5966,
F.C. Tucker Company
Bought with:
Georgina Becerra
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22048268
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 144.9 Square Feet
- Dimensions: 11.5x12.6
Bedroom 2
- Level: Main
- Area: 107 Square Feet
- Dimensions: 10.7x10
Bedroom 3
- Level: Main
- Area: 97.18 Square Feet
- Dimensions: 11.3x8.6
Dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10x12
Kitchen
- Level: Main
- Area: 161.2 Square Feet
- Dimensions: 13x12.4
Laundry
- Level: Main
- Area: 25.5 Square Feet
- Dimensions: 5.10x5
Living room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Electric Oven, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Has basement: No
Interior area
- Total structure area: 1,008
- Total interior livable area: 1,008 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
Lot
- Size: 0.8 Acres
Details
- Parcel number: 491016132005000101
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Other
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: 106 North
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $67,000
- Annual tax amount: $392
- Date on market: 7/10/2025
- Cumulative days on market: 28 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $110,000-12%$109/sqft |
Source:  MIBOR as distributed by MLS GRID #22048268 Report a problem | ||
| 8/7/2025 | Pending sale | $125,000$124/sqft |
Source: MIBOR as distributed by MLS GRID #22048268 Report a problem | ||
| 7/10/2025 | Listed for sale | $125,000$124/sqft |
Source: MIBOR as distributed by MLS GRID #22048268 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $392 -71.1% | $67,000 +17.1% |
| 2024 | $1,357 -0.6% | $57,200 |
| 2023 | $1,365 +35.7% | $57,200 -1% |
| 2022 | $1,006 +4.2% | $57,800 +32.6% |
| 2021 | $966 -3.5% | $43,600 +4.6% |
| 2020 | $1,001 +9.1% | $41,700 -1.7% |
| 2019 | $917 +10.7% | $42,400 +10.1% |
| 2018 | $828 -1.1% | $38,500 +2.7% |
| 2017 | $838 -2.5% | $37,500 +4.2% |
| 2016 | $859 +0.3% | $36,000 -9.1% |
| 2014 | $856 -4.3% | $39,600 -1.5% |
| 2013 | $895 | $40,200 +0.8% |
| 2012 | $895 | $39,900 -3.6% |
| 2011 | -- | $41,400 |
| 2010 | $861 -2.5% | $41,400 |
| 2009 | $882 | $41,400 -4.6% |
| 2007 | -- | $43,400 +17.6% |
| 2006 | -- | $36,900 +3.7% |
| 2003 | -- | $35,600 +98.9% |
| 2002 | -- | $17,900 +198.3% |
| 2001 | -- | $6,000 |
| 2000 | -- | $6,000 |
Find assessor info on the county website
Neighborhood: Near Southeast
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Nearby schools
GreatSchools rating
- 3/10Paul I. Miller School 114Grades: PK-6Distance: 1 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$111,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$111,000
- Indiana
- Marion County
- Indianapolis
- 46203
- Near Southeast
- 1641 S Sherman Dr
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