Skip main navigation
Active
    • Price cut: $10K (8/19)
    $224,900

    1653 S Delaware St, Indianapolis, IN 46225

    3beds
    2,772sqft
    : 
    $1,530/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1885
    3,049 Square Feet Lot
    $218,800 Zestimate®
    $81/sqft
    $-- HOA

    What's special

    Quartz countertopsCustom-tiled showersFresh interior paintBrand-new hvac systemTile backsplashDurable lvp flooring
    Excellent turnkey investment opportunity at 1653 S Delaware St now available! This tenant-occupied property offers immediate rental income and features 3 bedrooms, 3 full bathrooms, and nearly 2,000 square feet of thoughtfully updated living space. Tenant is on a long term lease, paying $1550/mo and they are responsible for all utilities and lawncare. Rebuilt down to the studs just a few years ago, the scope of work included a brand-new HVAC system, fresh interior paint, all appliances (including the washer and dryer), durable LVP flooring, a main-level bedroom and full bath, a beautifully updated kitchen with white shaker cabinets, quartz countertops, tile backsplash, and updated bathrooms with stone-topped vanities and custom-tiled showers. A rear oversized carport provides off-street parking for up to four vehicles, and with no HOA, owners have maximum flexibility. Next door, a brand new duplex is being build, further increasing the values and appeal of the area. Located in the rapidly revitalizing Old Southside, just minutes from downtown Indianapolis, Lucas Oil Stadium, Fountain Square, and major employers including Eli Lilly, the neighborhood continues to benefit from significant redevelopment, strong rental demand, and long-term appreciation potential, making this an outstanding addition to any investment portfolio.
    36 days
    |
    168
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Stewart 317-450-9202,

    Keller Williams Indpls Metro N

    Source: MIBOR as distributed by MLS GRID,MLS#: 22113486MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 2
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Main
      • Area: 128 Square Feet
      • Dimensions: 8x16
      Bedroom 2
      • Level: Upper
      • Area: 72 Square Feet
      • Dimensions: 9x8
      Bedroom 2
      • Level: Upper
      • Area: 100 Square Feet
      • Dimensions: 10x10
      Kitchen
      • Features: Tile-Ceramic
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 12x10
      Living room
      • Features: Tile-Ceramic
      • Level: Main
      • Area: 156 Square Feet
      • Dimensions: 13x12
      Mud room
      • Features: Tile-Ceramic
      • Level: Main
      • Area: 198 Square Feet
      • Dimensions: 22x9
      Heating
      • Forced Air, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer, Water Heater
      • Laundry: Laundry Closet, Main Level
      Features
      • Basement: Partial,Unfinished
      Interior area
      • Total structure area: 2,772
      • Total interior livable area: 2,772 sqft
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Carport, Other
      • Has carport: Yes
      • Details: Garage Parking Other(Guest Street Parking, Other)
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 3,049 Square Feet
      • Features: Sidewalks
      Details
      • Parcel number: 491113144041000101
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Cement Siding
      • Foundation: Concrete Perimeter
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1885

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: Fennemans
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $81/sqft
      • Tax assessed value: $259,700
      • Annual tax amount: $6,176
      • Date on market: 7/17/2026
      • Cumulative days on market: 38 days

        Estimated market value

        $218,800

        $208,000 - $230,000

        $2,048/mo

        Price history

        DateEventPrice
        8/19/2026Price change$224,900-4.3%$81/sqft
        Source: MIBOR as distributed by MLS GRID #22113486 Report a problem
        7/17/2026Listed for sale$234,9000%$85/sqft
        Source: MIBOR as distributed by MLS GRID #22113486 Report a problem
        1/19/2026Listing removed$1,500$1/sqft
        Source: Zillow Rentals Report a problem
        10/24/2025Price change$1,500-3.2%$1/sqft
        Source: Zillow Rentals Report a problem
        10/7/2025Price change$1,550-3.1%$1/sqft
        Source: Zillow Rentals Report a problem
        9/26/2025Price change$1,600-5.9%$1/sqft
        Source: Zillow Rentals Report a problem
        9/10/2025Price change$1,700-5.6%$1/sqft
        Source: Zillow Rentals Report a problem
        8/29/2025Listed for rent$1,800+16.1%$1/sqft
        Source: Zillow Rentals Report a problem
        7/16/2025Listing removed$235,000$85/sqft
        Source: MIBOR as distributed by MLS GRID #22029534 Report a problem
        7/9/2025Price change$235,000-2.1%$85/sqft
        Source: MIBOR as distributed by MLS GRID #22029534 Report a problem
        6/30/2025Price change$240,000-2%$87/sqft
        Source: MIBOR as distributed by MLS GRID #22029534 Report a problem
        6/16/2025Price change$245,000-3.2%$88/sqft
        Source: MIBOR as distributed by MLS GRID #22029534 Report a problem
        5/28/2025Price change$253,000-4.5%$91/sqft
        Source: MIBOR as distributed by MLS GRID #22029534 Report a problem
        4/28/2025Listed for sale$265,000+2.7%$96/sqft
        Source: MIBOR as distributed by MLS GRID #22029534 Report a problem
        2/20/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/10/2024Price change$1,550-6.1%$1/sqft
        Source: Zillow Rentals Report a problem
        1/31/2024Price change$1,650-2.9%$1/sqft
        Source: Zillow Rentals Report a problem
        1/18/2024Price change$1,700-2.9%$1/sqft
        Source: Zillow Rentals Report a problem
        11/17/2023Price change$1,750-2.8%$1/sqft
        Source: Zillow Rentals Report a problem
        11/9/2023Price change$1,800-2.7%$1/sqft
        Source: Zillow Rentals Report a problem
        11/3/2023Price change$1,850-2.6%$1/sqft
        Source: Zillow Rentals Report a problem
        10/24/2023Price change$1,900-5%$1/sqft
        Source: Zillow Rentals Report a problem
        10/7/2023Listed for rent$2,000$1/sqft
        Source: Zillow Rentals Report a problem
        10/5/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/26/2023Listed for rent$2,000$1/sqft
        Source: Zillow Rentals Report a problem
        4/27/2022Sold$258,000+369.9%$93/sqft
        Source: MIBOR as distributed by MLS GRID #21837337 Report a problem
        11/11/2020Sold$54,900+37.3%$20/sqft
        Source: MIBOR as distributed by MLS GRID #21740408 Report a problem
        12/6/2019Sold$40,000+1403.2%$14/sqft
        Source: MIBOR as distributed by MLS GRID #21675096 Report a problem
        3/11/2016Sold$2,661$1/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,814 -9%$259,700 +1.7%
        2024$6,387 +45.7%$255,400 -5.1%
        2023$4,384 +267.7%$269,200 +45%
        2022$1,192 +9.8%$185,600 +259.7%
        2021$1,086 +485.4%$51,600 +10.3%
        2020$185 +15.1%$46,800 +500%
        2019$161 -5.9%$7,800 +16.4%
        2018$171 -66.7%$6,700 +3.1%
        2017$515 -12.8%$6,500 +4.8%
        2016$591 -9%$6,200 -79.3%
        2014$649 -15.8%$29,900 -4.8%
        2013$770 $31,400 -8.2%
        2012$770 $34,200 +14.8%
        2011-- $29,800
        2010$623 +9.7%$29,800 +12.5%
        2009$567 $26,500 -18.2%
        2007-- $32,400 +3.2%
        2006-- $31,400 +15.9%
        2005-- $27,100
        2004-- $27,100
        2003-- $27,100 +158.1%
        2002-- $10,500 +200%
        2001-- $3,500
        2000-- $3,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Near Southside

        Getting around

        56 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Indianapolis Topics

                Search
                Updates
                Favorites
                Plan
                Inbox