Investor opportunity in North Brookside Park: this 2-bed home in Indianapolis offers solid upside with 1,162 square feet on the main level, plus a full basement for added value. Located on a quiet street in a fast-changing area, 1938 N Dearborn is priced below comps and ready for your next project. Built in 1920, the home has a functional layout with a 21x11 living room, separate dining or flex space, and main-level laundry-an uncommon perk for homes of this era. The kitchen and baths are ready for cosmetic upgrades, and there's a bonus room that could flex as an office or third sleeping space. Both bedrooms are well-proportioned with natural light, and the full basement offers expansion or storage potential. Other highlights: Covered front porch with curb appeal Detached 1-car garage 0.12 acre lot, low maintenance Fenced yard potential Clean title and vacant for immediate close Comps in the area support strong ARV with the right finishes Surrounded by ongoing renovations and located just minutes from downtown, Mass Ave, and the Monon Trail, this is a strategic buy-and-hold, flip, or rental opportunity in a neighborhood gaining investor momentum. Sold as-is. Bring your contractor and your vision.
Sold
$77,000
1938 N Dearborn St, Indianapolis, IN 46218
2beds
2,026sqft
Residential, Single Family Residence
Built in 1920
5,227 Square Feet Lot
$77,800 Zestimate®
$38/sqft
$1,353 Estimated rent
Home value
$77,800
$72,000 - $83,000
$1,353/mo
Zestimate® history
Owner options
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$1,353/mo
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$1,353/mo
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$387/mo
Est. payment
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$387/mo
Est. payment
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List your homeWhat's special
Full basementFenced yard potentialMain-level laundryFunctional layout
Zillow last checked:
Listing updated:
Listed by:
Charlene Gaard 317-440-2149,
No Limit Real Estate, LLC,
Robert Gaard
Bought with:
Charlene Gaard
No Limit Real Estate, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22043774
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 2
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Bonus room
- Level: Main
- Area: 70 Square Feet
- Dimensions: 10X07
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Living room
- Level: Main
- Area: 231 Square Feet
- Dimensions: 21X11
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: None
- Laundry: Connections All
Features
- Attic Access, Eat-in Kitchen
- Has basement: Yes
- Attic: Access Only
Interior area
- Total structure area: 2,026
- Total interior livable area: 2,026 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Size: 5,227 Square Feet
- Features: Trees-Small (Under 20 Ft)
Details
- Parcel number: 490732194281000101
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: North Brookside Park
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $38/sqft
- Tax assessed value: $97,100
- Annual tax amount: $1,698
- Date on market: 6/18/2025
- Cumulative days on market: 198 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listing removed | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/23/2026 | Price change | $1,400-6.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/17/2026 | Listed for rent | $1,495+113.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/23/2026 | Sold | $77,000-18.9%$38/sqft |
Source:  MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 1/1/2026 | Pending sale | $95,000$47/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 12/14/2025 | Price change | $95,000-3%$47/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 12/6/2025 | Price change | $97,900-2%$48/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 11/18/2025 | Price change | $99,900-5.7%$49/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 11/6/2025 | Price change | $105,900-5.9%$52/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 10/14/2025 | Price change | $112,500-4.3%$56/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 9/19/2025 | Price change | $117,500-2%$58/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 7/1/2025 | Price change | $119,900-4.1%$59/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 6/18/2025 | Listed for sale | $125,000+733.3%$62/sqft |
Source: MIBOR as distributed by MLS GRID #22043774 Report a problem | ||
| 4/10/2020 | Listing removed | $700 |
Source: Spouses Buying Houses Report a problem | ||
| 1/22/2020 | Listed for rent | $700 |
Source: Spouses Buying Houses Report a problem | ||
| 7/1/2019 | Listing removed | $700 |
Source: Spouses Buying Houses Report a problem | ||
| 6/13/2019 | Listed for rent | $700 |
Source: Spouses Buying Houses Report a problem | ||
| 10/15/2015 | Sold | $15,000+50%$7/sqft |
Source: Public Record Report a problem | ||
| 10/4/2012 | Sold | $10,000-19.4%$5/sqft |
Source: MIBOR as distributed by MLS GRID #21192057 Report a problem | ||
| 9/22/2012 | Pending sale | $12,400$6/sqft |
Source: CENTURY 21 Scheetz #21192057 Report a problem | ||
| 8/15/2012 | Price change | $12,400-75.3%$6/sqft |
Source: Homepath Report a problem | ||
| 8/11/2012 | Listed for sale | -- |
Source: Homepath Report a problem | ||
| 7/18/2012 | Sold | $50,288$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,903 +8.7% | $97,100 +21.1% |
| 2024 | $1,751 +3.1% | $80,200 +8.7% |
| 2023 | $1,698 +34.8% | $73,800 +2.6% |
| 2022 | $1,260 +28% | $71,900 +31.7% |
| 2021 | $984 +1.7% | $54,600 +28.5% |
| 2020 | $968 +19.9% | $42,500 +3.7% |
| 2019 | $808 +10.9% | $41,000 +20.9% |
| 2018 | $728 -2.7% | $33,900 +3.4% |
| 2017 | $748 -2.6% | $32,800 +1.2% |
| 2016 | $769 +97.5% | $32,400 -4.1% |
| 2014 | $389 -48.1% | $33,800 |
| 2013 | $749 | $33,800 +1.2% |
| 2012 | $749 | $33,400 -3.5% |
| 2011 | -- | $34,600 |
| 2010 | $719 -2.5% | $34,600 |
| 2009 | $737 | $34,600 -7.7% |
| 2007 | -- | $37,500 +15% |
| 2003 | -- | $32,600 +183.5% |
| 2002 | -- | $11,500 +200.3% |
| 2001 | -- | $3,830 |
| 2000 | -- | $3,830 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 4/10Brookside School 54Grades: PK-5Distance: 0.8 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 1.4 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$77,800
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Estimated market value
$77,800
- Indiana
- Marion County
- Indianapolis
- 46218
- Near Eastside
- 1938 N Dearborn St
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