Whether you're searching for your first home or your next investment property, 544 N Dearborn offers a rare combination of move-in-ready condition, proven rental history, and long-term upside in one of Indianapolis' rapidly evolving Near Eastside neighborhoods. Previously rented for $1,650/month with consistent occupancy over the past five years, this property presents an attractive opportunity for investors seeking immediate income potential. For owner-occupants, the home's flexible layout and updated finishes provide the perfect foundation to move in today and add personal touches over time. Inside, you'll find an open-concept living space filled with natural light, an updated kitchen with a large center island, three spacious bedrooms, and a private upstairs primary suite complete with a walk-in closet and en-suite bath. The fully fenced backyard, large deck, and off-street parking add functionality that's increasingly hard to find at this price point. Located just minutes from downtown Indianapolis, Bottleworks District, Mass Ave, and major employment centers, this home sits in an area that continues to see strong investment and redevelopment activity. With comparable renovated homes selling throughout the surrounding neighborhood and a motivated seller ready to make a deal, this is an opportunity buyers won't want to miss. Ideal as a first home, long-term rental, or portfolio addition.
185 days
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112
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16
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Zillow last checked:
Listing updated:
Listed by:
Robbin Edwards317-508-1806,
Encore Sotheby's International,
Jason Hughes317-658-5892
Source: MIBOR as distributed by MLS GRID,MLS#: 22078687
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 2
Primary bedroom
Level: Upper
Area: 200 Square Feet
Dimensions: 10X20
Bedroom 2
Level: Main
Area: 100 Square Feet
Dimensions: 10X10
Bedroom 3
Level: Main
Area: 100 Square Feet
Dimensions: 10X10
Kitchen
Level: Upper
Area: 100 Square Feet
Dimensions: 10x10
Living room
Level: Main
Area: 100 Square Feet
Dimensions: 10X10
Heating
Electric, Forced Air, Natural Gas
Cooling
Central Air
Appliances
Included: Electric Cooktop, Dishwasher, Electric Water Heater, Microwave
Features
Kitchen Island, Ceiling Fan(s), Hardwood Floors, Walk-In Closet(s)
Flooring: Hardwood
Basement: Unfinished
Interior area
Total structure area: 2,820
Total interior livable area: 2,820 sqft
Finished area below ground: 0
Property
Features
Levels: Two
Stories: 2
Patio & porch: Covered, Deck
Fencing: Fenced,Full,Gate
Lot
Size: 4,356 Square Feet
Details
Parcel number: 491005159016000101
Horse amenities: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Residential, Single Family Residence
Materials
Vinyl With Brick
Foundation: Block
Condition
New construction: No
Year built: 1913
Utilities & green energy
Water: Public
Community & HOA
Community
Subdivision: Hoffmans E Mich St
HOA
Has HOA: No
Location
Region: Indianapolis
Financial & listing details
Price per square foot: $76/sqft
Tax assessed value: $196,800
Annual tax amount: $4,178
Date on market: 1/9/2026
Cumulative days on market: 188 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/29/2026
Price change
$215,000-2.3%$76/sqft
Source: MIBOR as distributed by MLS GRID #22078687Report a problem
2/20/2026
Price change
$220,000-7.9%$78/sqft
Source: MIBOR as distributed by MLS GRID #22078687Report a problem
1/9/2026
Listed for sale
$239,000+22.6%$85/sqft
Source: MIBOR as distributed by MLS GRID #22078687Report 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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