Cash-only opportunity with size, character, and rare land potential. Built in 1898, this large turn-of-the-century home sits on 0.88 acres spread across four separate lots and is located close to the schools. The home needs some exterior work to become financeable and could also benefit from interior updates, making it a strong fit for an investor, contractor, or buyer ready to take on a rehab project. Inside, many original details remain, including old woodwork, doors, windows, and floors that give the home the kind of character that is hard to recreate. The property also features a fieldstone foundation, adding to the age and character of the home. The real standout is the land: 0.88 acres across four lots, creating options for yard space, future planning, or possible redevelopment depending on local approvals. This property will not qualify for traditional financing in its current condition. Cash offers only. A rare chance to restore a large 1898 home with original character, close-to-school convenience, and nearly an acre of land across multiple lots.
Active
Price cut: $15K (9/25)
$94,900
402 N Michigan St, Argos, IN 46501
5beds
2,756sqft
Single Family Residence
Built in 1898
0.88 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Old woodworkLarge turn-of-the-century homeFieldstone foundationMany original details remain
- 69 days
- 1,725
- 184
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Justin Capps 317-204-8324,
Ferris Property Group
Source: IRMLS,MLS#: 202629701
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 1
Bedroom 1
- Level: Main
Bedroom 2
- Level: Upper
Heating
- Radiant
Cooling
- Window Unit(s)
Appliances
- Included: None
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling-9+, Crown Molding, Main Level Bedroom Suite
- Flooring: Hardwood, Carpet
- Doors: Pocket Doors
- Basement: Full,Michigan Basement,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,134
- Total interior livable area: 2,756 sqft
- Finished area above ground: 2,756
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Concrete
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 0.88 Acres
- Dimensions: 320x120
- Features: Corner Lot, City/Town/Suburb
Details
- Parcel number: 502290104026.000016
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Siding
- Foundation: Stone
- Roof: Rubber,Shingle
Condition
- New construction: No
- Year built: 1898
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Features: Sidewalks
- Subdivision: None
Location
- Region: Argos
Financial & listing details
- Tax assessed value: $135,100
- Annual tax amount: $1,288
- Date on market: 7/23/2026
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
$2,264/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Price change | $94,900-13.6% |
Source:  IRMLS #202629701 Report a problem | ||
| 8/20/2026 | Price change | $109,900-8.3% |
Source: IRMLS #202629701 Report a problem | ||
| 8/12/2026 | Price change | $119,900-6.3% |
Source: IRMLS #202629701 Report a problem | ||
| 7/23/2026 | Listed for sale | $128,000 |
Source: IRMLS #202629701 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,234 +3.7% | $135,100 +9.5% |
| 2024 | $1,190 -16.3% | $123,400 +3.7% |
| 2023 | $1,421 +30.2% | $119,000 -16.3% |
| 2022 | $1,091 +12.8% | $142,100 +30.2% |
| 2021 | $967 +3.3% | $109,100 +12.8% |
| 2020 | $936 -2.2% | $96,700 +3.3% |
| 2019 | $957 -0.1% | $93,600 -2.2% |
| 2018 | $958 | $95,700 +0.1% |
| 2017 | $958 -0.5% | $95,600 |
| 2016 | $963 -3.1% | $95,600 -3.6% |
| 2014 | $994 +59.1% | $99,200 +26.5% |
| 2013 | $625 -5.3% | $78,400 -5.2% |
| 2012 | $660 -11.2% | $82,700 -6.8% |
| 2011 | $744 -43.4% | $88,700 -31.8% |
| 2010 | $1,313 0% | $130,000 |
| 2009 | $1,314 -25.2% | $130,000 +2.6% |
| 2006 | $1,757 | $126,700 +7.6% |
| 2005 | -- | $117,700 |
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.Climate risks
Neighborhood: 46501
Nearby schools
Schools provided by the listing agent
- Elementary: Argos
- Middle: Argos Jr/Sr
- High: Argos Jr/Sr
- District: Argos Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $99,5002 bd2 ba1.5k sqft403 S Walnut St, Burket, IN 46508For Sale
MLS ID #202638694, Dave Goebel, RE/MAX OAK CREST -PLYMOUTH. IRMLS - $105,0004 bd1 ba2k sqft715 S Michigan St, Plymouth, IN 46563Auction
Xome - $100,0005 bd2 ba1.9k sqft413 E 14th St, Rochester, IN 46975For Sale
MLS ID #202629790, Brandi Shaw, Indiana Realty Group. IRMLS - $114,9004 bd1 ba1.5k sqft1211 N Michigan St, Plymouth, IN 46563For Sale
MLS ID #202637989, Cherlotta Goss, RE/MAX 100. IRMLS
