Investment opportunity: Income-producing multi-family property located at 4251/4253 N. Melvin Ln. Built in 1993, this side-by-side duplex offers a total of 2,352 finished square feet of living space on a 0.33-acre (14,375 sq ft) lot. Both units are fully tenant-occupied, offering immediate cash flow. Each individual unit features a 3-bedroom, 1-bathroom layout, large open living and dining area, 1 car attached garage and wood deck patio. The kitchens are updated with functional stainless steel appliances. The exterior features a generous lot with ample outdoor space. This property is located within the Richland-Bean Blossom School Corporation.
14 days
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151
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Zillow last checked:
Listing updated:
Listed by:
Cory Frutiger317-446-9161,
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22112515
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 2
Main level bathrooms: 6
Property
Parking
Total spaces: 2
Parking features: Attached
Attached garage spaces: 2
Lot
Size: 0.33 Acres
Details
Parcel number: 530092938003000013
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family, Duplex
Materials
Vinyl Siding
Condition
New construction: No
Year built: 1993
Community & HOA
Community
Subdivision: No Subdivision
Location
Region: Bloomington
Financial & listing details
Tax assessed value: $281,200
Annual tax amount: $5,202
Date on market: 7/8/2026
Cumulative days on market: 15 days
Tenant pays: All Utilities
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/8/2026
Listed for sale
$350,000+27.3%
Source: MIBOR as distributed by MLS GRID #22112515Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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