Great value-add investment opportunity in a convenient Indianapolis location! This ranch-style 3-bedroom, 1-bathroom single-family home features a functional layout with finished attic space providing additional storage options. Situated on a large corner lot, the property offers plenty of outdoor space with a covered porch and spacious front and backyard areas ideal for entertaining, recreation, gardening, or future improvements. The home is conveniently located just one mile from I-70, providing easy access to Downtown Indianapolis and surrounding areas. The property is currently leased to a tenant at a below-market rental rate, offering immediate income with the opportunity to increase rents to market levels. This property presents an excellent opportunity for investors seeking a value-add asset with strong upside potential.
Active
Price cut: $2K (8/18)
$105,000
2174 N Drexel Ave, Indianapolis, IN 46218
3beds
932sqft
Residential, Single Family Residence
Built in 1910
6,098 Square Feet Lot
$-- Zestimate®
$113/sqft
$-- HOA
What's special
- 45 days
- 345
- 14
Zillow last checked:
Listing updated:
Listed by:
Karanjod Cheema 317-657-9985,
Rize Commercial Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22114692
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Bedroom 2
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Bedroom 3
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Exercise room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Other
Features
- Attic Pull Down Stairs
- Has basement: No
- Attic: Pull Down Stairs
Interior area
- Total structure area: 932
- Total interior livable area: 932 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 490728118043000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $55,400
- Annual tax amount: $1,374
- Date on market: 7/16/2026
- Cumulative days on market: 47 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $105,000-1.9%$113/sqft |
Source:  MIBOR as distributed by MLS GRID #22114692 Report a problem | ||
| 8/5/2026 | Price change | $107,000-2.7%$115/sqft |
Source: MIBOR as distributed by MLS GRID #22114692 Report a problem | ||
| 7/16/2026 | Listed for sale | $110,000+816.7%$118/sqft |
Source: MIBOR as distributed by MLS GRID #22114692 Report a problem | ||
| 2/14/2025 | Listing removed | $950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/27/2025 | Listed for rent | $950+35.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/3/2019 | Listing removed | $700$1/sqft |
Source: Owner Report a problem | ||
| 7/23/2019 | Listed for rent | $700+7.7%$1/sqft |
Source: Owner Report a problem | ||
| 1/16/2013 | Listing removed | $650$1/sqft |
Source: Axiom Property Management Report a problem | ||
| 12/13/2012 | Listed for rent | $650$1/sqft |
Source: Axiom Property Management Report a problem | ||
| 4/30/2010 | Sold | $12,000$13/sqft |
Source: Public Record Report a problem | ||
| 3/29/2010 | Sold | $12,000-29%$13/sqft |
Source: MIBOR as distributed by MLS GRID #21006283 Report a problem | ||
| 2/8/2010 | Price change | $16,900-36%$18/sqft |
Source: foreclosure.com Report a problem | ||
| 2/5/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 3/29/2006 | Sold | $26,401$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,203 +3.6% | $55,400 +9.3% |
| 2024 | $1,161 -2.8% | $50,700 +3.9% |
| 2023 | $1,194 +14.4% | $48,800 -3.2% |
| 2022 | $1,043 +26.3% | $50,400 +12% |
| 2021 | $826 +8.4% | $45,000 +26.8% |
| 2020 | $762 +7.5% | $35,500 +10.6% |
| 2019 | $709 +16.9% | $32,100 +8.4% |
| 2018 | $606 +4.1% | $29,600 +10% |
| 2017 | $582 +7.1% | $26,900 +7.6% |
| 2016 | $544 +2.5% | $25,000 +2.5% |
| 2014 | $531 -5.3% | $24,400 -3.6% |
| 2013 | $560 | $25,300 +2% |
| 2012 | $560 | $24,800 -21.3% |
| 2011 | -- | $31,500 |
| 2010 | $662 +325.2% | $31,500 |
| 2009 | $156 | $31,500 +1.9% |
| 2007 | -- | $30,900 +17% |
| 2003 | -- | $26,400 +282.6% |
| 2002 | -- | $6,900 +200% |
| 2001 | -- | $2,300 +13.3% |
| 2000 | -- | $2,030 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Near Eastside
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