For sale

$259,900

580 Indiana Ave, Aurora, IN 47001

4beds

2,607sqft

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Multi Family

Built in 1940

-- sqft lot

$255,400 Zestimate^®

$100/sqft

$-- HOA

What's special

Extensive foundation repairsNew windowsNew roof

Investor opportunity! 3 Unit Property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rental income, strong rental history with long term tenants and all modern updates make this an excellent addition to any investor's portfolio. One 2 bedroom/1 bath unit is currently vacant. Two 1 bedroom/1 bath units are secured by leases through September and October 2026. Potential gross monthly income $2590 monthly or $31,080 annually. Tenants pay utilities, the landlord pays water and trash (approx $100 mo). Capital improvements include new roof, gutters, new windows, 3 high efficiency gas furnaces, 2 new central air units and new 3 zone heat and AC split system. Unit 1 has been completely gutted and updated. The basement has extensive foundation repairs including new I-beam, replaced basement entry wall and all new electric , plumbing and gas lines. For a list of all capital improvements, see attached documents. Cash or Conventional Only.

42 days

526

27

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas

Cooling

Ceiling Fan(s), Central Air

Appliances

Included: Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
Laundry: In Unit

Features

Windows: Insulated Windows, Vinyl
Basement: Partial
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,507
Total interior livable area: 2,607 sqft

Property

Parking

Total spaces: 6
Parking features: Off Street, No Garage, Gravel
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Has view: Yes
View description: Trees/Woods
Frontage length: 0

Lot

Size: 8,712 Square Feet

Details

Parcel number: 151206201014000003

Construction

Type & style

Home type: MultiFamily
Architectural style: Cape Cod
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Block
Roof: Built-Up,Shingle

Condition

Year built: 1940

Utilities & green energy

Gas: Natural
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Radds Add

Location

Region: Aurora

Financial & listing details

Price per square foot: $100/sqft
Tax assessed value: $124,200
Annual tax amount: $2,484
Date on market: 5/28/2026
Total actual rent: 0
Tenant pays: Electricity, Gas
Road surface type: Paved

Estimated market value

$255,400

$243,000 - $268,000

$1,302/mo

Price history

Date	Event	Price
5/28/2026	Listed for sale	$259,900+4%$100/sqft
Source: MLS of Southeastern Indiana #207542 Report a problem
1/29/2026	Listing removed	$249,900$96/sqft
Source: MLS of Southeastern Indiana #206168 Report a problem
10/17/2025	Listed for sale	$249,900+233.6%$96/sqft
Source: MLS of Southeastern Indiana #206168 Report a problem
10/11/2024	Listing removed	$750
Source: Zillow Rentals Report a problem
9/18/2024	Listed for rent	$750+15.4%
Source: Zillow Rentals Report a problem
10/31/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/22/2021	Listed for rent	$650
Source: Zillow Rental Manager Report a problem
12/24/2020	Listing removed	$74,900$29/sqft
Source: Fehrman Realty #1665941 Report a problem
12/16/2020	Listed for sale	$74,900$29/sqft
Source: Fehrman Realty #1665941 Report a problem
11/30/2020	Pending sale	$74,900$29/sqft
Source: Fehrman Realty #1665941 Report a problem
9/22/2020	Price change	$74,900-6.3%$29/sqft
Source: Fehrman Realty #192986 Report a problem
6/23/2020	Listed for sale	$79,900-5.9%$31/sqft
Source: Fehrman Realty #192986 Report a problem
11/1/2019	Listing removed	$84,900$33/sqft
Source: Lawrenceburg #190206 Report a problem
7/12/2019	Price change	$84,900-5.6%$33/sqft
Source: Lawrenceburg #190206 Report a problem
4/23/2019	Listed for sale	$89,900$34/sqft
Source: Huff Realty Indiana #190206 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,122 +7%	$124,200 +23.2%
2024	$1,984 +7.7%	$100,800 +7.3%
2023	$1,842 +7.5%	$93,900 +8.2%
2022	$1,714 +41%	$86,800 +8%
2021	$1,216 +9.5%	$80,400 +44.9%
2020	$1,110 +0.2%	$55,500 +10.6%
2019	$1,108 +0.7%	$50,200 +0.2%
2018	$1,100 +30.2%	$50,100 +0.8%
2017	$845 +1.2%	$49,700 +20.6%
2016	$835 +1.3%	$41,200
2014	$824 -13.8%	$41,200 -13.8%
2013	$956 +2.1%	$47,800 +2.1%
2012	$936 -22.5%	$46,800 -22.5%
2011	$1,208	$60,400
2010	$1,208	$60,400
2009	$1,208	$60,400 +33.3%
2006	--	$45,300

Find assessor info on the county website

Monthly payment

Est. payment

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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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Climate risks

Neighborhood: 47001

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

5/10
Aurora Elementary School
Grades: PK-6Distance: 1.4 mi
7/10
South Dearborn Middle School
Grades: 7-8Distance: 1.3 mi
2/10
South Dearborn High School
Grades: 9-12Distance: 1.3 mi

Schools provided by the listing agent

Elementary: Aurora Elementary
High: South Dearborn High
District: South Dearborn

Source: MLS of Southeastern Indiana. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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