Welcome to your lucrative investment opportunity in Indianapolis! This charming single-family ranch home, located on the west side of town, features 3 bedrooms and 1.5 bathrooms and 980 sq ft of living space. In addition, it boasts an updated 560sq ft studio ADU generating $700/mo in income, with the tenant covering all utilities. Live comfortably in the updated main house while letting the rear unit significantly offset your mortgage, or maximize rental income potential by leasing both units, possibly exceeding the 1% rule. Conveniently situated on a corner lot, this property offers easy access to key destinations, including the airport, the Indy 500, and downtown Indianapolis-all within a 10-minute drive. The main home is move-in ready, featuring updates like laminate flooring and new paint. The ADU has also been updated within the past few years. Ample parking is provided with a large gravel parking area on the side of the property, accommodating multiple vehicles. Whether you're an owner-occupant looking for added income or an investor seeking a promising rental property, this versatile opportunity awaits!
Sold
$175,000
355 S Vine St, Indianapolis, IN 46241
3beds
1,540sqft
Residential, Single Family Residence
Built in 1950
6,969.6 Square Feet Lot
$192,300 Zestimate®
$114/sqft
$1,941 Estimated rent
Home value
$192,300
$181,000 - $204,000
$1,941/mo
Zestimate® history
Owner options
List your home for rent
$1,941/mo
Rent Zestimate®
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$1,941/mo
Rent Zestimate®
Refinance and save
$1,156/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,156/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Kristal Munoz
RE/MAX At The Crossing
Source: MIBOR as distributed by MLS GRID,MLS#: 21979192
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: Laminate
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 2
- Features: Laminate
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Features: Carpet
- Level: Main
- Area: 260 Square Feet
- Dimensions: 10X26
Dining room
- Features: Laminate
- Level: Main
- Area: 168 Square Feet
- Dimensions: 14x12
Kitchen
- Features: Laminate Hardwood
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8x10
Living room
- Features: Laminate
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Heating
- Forced Air
Cooling
- Has cooling: Yes
Appliances
- Included: Gas Water Heater, Electric Oven, Refrigerator
Features
- Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 1,540
- Total interior livable area: 1,540 sqft
Property
Parking
- Parking features: Common
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: Fenced,Partial
Lot
- Size: 6,969 sqft
- Features: Corner Lot
Details
- Parcel number: 491107112321000930
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1950
Utilities & green energy
- Water: Municipal/City
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Westridge
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2024 | Sold | $175,000+2.9%$114/sqft |
Source:  MIBOR as distributed by MLS GRID #21979192 Report a problem | ||
| 5/16/2024 | Pending sale | $170,000$110/sqft |
Source: MIBOR as distributed by MLS GRID #21979192 Report a problem | ||
| 5/14/2024 | Listed for sale | $170,000-11%$110/sqft |
Source: MIBOR as distributed by MLS GRID #21979192 Report a problem | ||
| 8/16/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/10/2022 | Listed for rent | $1,200$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/25/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/10/2021 | Listed for rent | $1,200$1/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/3/2021 | Sold | $191,000+241.1%$124/sqft |
Source: Public Record Report a problem | ||
| 2/24/2021 | Sold | $56,000-13.7%$36/sqft |
Source: MIBOR as distributed by MLS GRID #21764564 Report a problem | ||
| 7/16/2016 | Listing removed | $64,900$42/sqft |
Source: Cardinal REALTORS, LLC #21396477 Report a problem | ||
| 1/29/2016 | Listed for sale | $64,900$42/sqft |
Source: Cardinal REALTORS, LLC #21396477 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,142 -52.6% | $201,100 +9.1% |
| 2024 | $4,516 -8.2% | $184,400 -4.1% |
| 2023 | $4,921 +175.2% | $192,200 -8.2% |
| 2022 | $1,788 -11.4% | $209,400 +212.5% |
| 2021 | $2,017 +8.4% | $67,000 -11.3% |
| 2020 | $1,861 +15.3% | $75,500 +8.3% |
| 2019 | $1,613 +4.9% | $69,700 +0.9% |
| 2018 | $1,538 -14.7% | $69,100 +7.1% |
| 2017 | $1,803 +19.7% | $64,500 +1.6% |
| 2016 | $1,506 +18.5% | $63,500 |
| 2014 | $1,271 +167.8% | $63,500 +2.4% |
| 2013 | $475 | $62,000 +1.3% |
| 2012 | $475 | $61,200 -14.5% |
| 2011 | -- | $71,600 -1.4% |
| 2010 | $521 +9.6% | $72,600 -1.9% |
| 2009 | $476 | $74,000 |
Find assessor info on the county website
Neighborhood: Garden City
Nearby schools
GreatSchools rating
- 4/10Rhoades Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 2.4 mi
- NABen Davis Ninth Grade CenterGrades: 9Distance: 3.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$192,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$192,300
- Indiana
- Marion County
- Indianapolis
- 46241
- Garden City
- 355 S Vine St
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