Unique home-buying opportunity on the coveted near north side of downtown Indianapolis. In addition to the two story, single-family home, which includes a fully finished basement, is a studio apartment above the detached 3-car garage. A homeowner can offset a substantial amount of their mortgage by living in one dwelling and renting the other. Located across from MLK Jr Park, the property offers a more tranquil setting amidst all the hustle and bustle from downtown living. A covered front porch and a covered second story balcony off the master bedroom overlook the park. The back concrete patio is fully enclosed with a cedar shadow box fence and is ready for entertaining. The main house boasts an open-concept main level with the kitchen, dining and living areas all combined together. A room for a home office sits just inside the front door and porch. The upstairs contains a master bedroom (including the walk-out balcony), master bathroom, two additional bedrooms, another full bathroom, and a loft area. The finished basement is separated into two rooms, both with exterior windows, and offers flexibility in how its used. The larger room contains a wet bar and full bathroom, inclusive of a shower stall. The second room tucks away the house mechanicals and washer and dryer in a closet to allow for additional utility and use in the room. The studio apartment is an incredible alternative for downtown Indianapolis renters looking at studio or 1-bedroom units. The apartment comes fully equipped with kitchen appliances, washer and dryer, an open-concept living area, and an attached single bay garage (the two bay garage is for the main house). This is a unique opportunity to acquire two dwellings on one parcel and to start (or further) a real estate portfolio. The opportunity for day one rental income, as part of, but still separate from your primary residence, is rare and overlooked.
Sold
$445,000
2062 N Park Ave, Indianapolis, IN 46202
3beds
2,568sqft
Residential, Single Family Residence
Built in 2006
5,227 Square Feet Lot
$465,700 Zestimate®
$173/sqft
$2,843 Estimated rent
Home value
$465,700
$438,000 - $494,000
$2,843/mo
Zestimate® history
Owner options
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$2,843/mo
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$2,843/mo
Rent Zestimate®
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$2,797/mo
Est. payment
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$2,797/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Bradley Untrauer 317-965-6850,
Envoy Real Estate, LLC
Bought with:
Joel Newman
Blue Sky Realty Group
Source: MIBOR as distributed by MLS GRID,MLS#: 21998205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Carpet
- Level: Upper
- Area: 182 Square Feet
- Dimensions: 13x14
Bedroom 2
- Features: Carpet
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bedroom 3
- Features: Carpet
- Level: Upper
- Area: 143 Square Feet
- Dimensions: 13x11
Bonus room
- Features: Other
- Level: Basement
- Area: 400 Square Feet
- Dimensions: 20x20
Bonus room
- Features: Other
- Level: Basement
- Area: 260 Square Feet
- Dimensions: 20x13
Dining room
- Features: Tile-Ceramic
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9x11
Office
- Features: Tile-Ceramic
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15x9
Heating
- Electric, Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Disposal, MicroHood, Microwave, Electric Oven, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Closet, In Basement
Features
- Attic Access, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s), Wet Bar
- Windows: Screens Some, Windows Vinyl
- Basement: Finished,Full
- Attic: Access Only
Interior area
- Total structure area: 2,568
- Total interior livable area: 2,568 sqft
- Finished area below ground: 856
Property
Parking
- Total spaces: 3
- Parking features: Alley Access, Detached, Concrete, Garage Door Opener
- Garage spaces: 3
- Details: Garage Parking Other(Finished Garage, Garage Door Opener, Guest Street Parking, Service Door)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Balcony
- Fencing: Fenced,Fence Complete,Fence Full Rear,Privacy,Gate
Lot
- Size: 5,227 Square Feet
- Features: Access, Sidewalks
Details
- Additional structures: Guest House
- Parcel number: 490636173015000101
- Special conditions: None,Broker Owned
- Other equipment: Radon System
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick, Cement Siding
- Foundation: Concrete Perimeter, Full
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Water: Municipal/City
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Ruckle & Hamlins Sub Johnson Heirs Add
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $464,500
- Annual tax amount: $10,292
- Date on market: 8/28/2024
- Cumulative days on market: 218 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2024 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 11/17/2024 | Listed for rent | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 11/14/2024 | Sold | $445,000-3.3%$173/sqft |
Source:  MIBOR as distributed by MLS GRID #21998205 Report a problem | ||
| 10/3/2024 | Pending sale | $460,000$179/sqft |
Source: MIBOR as distributed by MLS GRID #21998205 Report a problem | ||
| 9/11/2024 | Price change | $460,000-2.1%$179/sqft |
Source: MIBOR as distributed by MLS GRID #21998205 Report a problem | ||
| 8/28/2024 | Listed for sale | $470,000-1.1%$183/sqft |
Source: MIBOR as distributed by MLS GRID #21998205 Report a problem | ||
| 8/26/2024 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21964859 Report a problem | ||
| 7/1/2024 | Price change | $475,000-3.1%$185/sqft |
Source: MIBOR as distributed by MLS GRID #21964859 Report a problem | ||
| 5/20/2024 | Price change | $490,000-1%$191/sqft |
Source: MIBOR as distributed by MLS GRID #21964859 Report a problem | ||
| 2/29/2024 | Listed for sale | $495,000+163.3%$193/sqft |
Source: MIBOR as distributed by MLS GRID #21964859 Report a problem | ||
| 11/20/2014 | Sold | $188,000-4.5%$73/sqft |
Source: Public Record Report a problem | ||
| 10/11/2014 | Sold | $196,759+106.2%$77/sqft |
Source: MIBOR as distributed by MLS GRID #21313919 Report a problem | ||
| 9/9/2014 | Listed for sale | $95,400$37/sqft |
Source: REALHome Services and Solutions #21313919 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,386 -40.1% | $464,500 +2% |
| 2024 | $10,660 +3.6% | $455,600 +1.4% |
| 2023 | $10,292 +15.1% | $449,400 +3.1% |
| 2022 | $8,942 +4.5% | $435,900 +12.5% |
| 2021 | $8,554 +11.8% | $387,600 +4.9% |
| 2020 | $7,651 +6.1% | $369,400 +14% |
| 2019 | $7,209 +25.3% | $324,100 +7.1% |
| 2018 | $5,752 +8.4% | $302,600 +12.3% |
| 2017 | $5,307 +1.8% | $269,400 +7.3% |
| 2016 | $5,211 +1.1% | $251,100 +12.2% |
| 2014 | $5,152 +21.4% | $223,800 +11.8% |
| 2013 | $4,245 | $200,100 +14.3% |
| 2012 | $4,245 | $175,000 +30.5% |
| 2011 | -- | $134,100 |
| 2010 | $3,049 -7.2% | $134,100 -6.2% |
| 2009 | $3,284 | $143,000 |
| 2007 | -- | $143,000 |
| 2001 | -- | -- |
| 2000 | -- | $270 |
Find assessor info on the county website
Neighborhood: Near Northside
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Nearby schools
GreatSchools rating
- 4/10Center for Inquiry School 27Grades: PK-5Distance: 0.3 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 0.7 mi
- 1/10Crispus Attucks Medical Magnet High School (9-12)Grades: 9-12Distance: 1.5 mi
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Estimated market value
$465,700
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Estimated market value
$465,700
- Indiana
- Marion County
- Indianapolis
- 46202
- Near Northside
- 2062 N Park Ave
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