Opportunity awaits with this fixer-upper in Cicero, ideal for a first time home buyer, investor, flipper, or buyer looking to renovate and create rental income. Seller is open to upgrade allowances! Set on a nearly half-acre lot, this property offers strong value-add potential both inside and out. The home features a main-floor bedroom, two additional bedrooms upstairs, two full bathrooms on the main level, and a full basement that provides additional space for storage, mechanicals, or future finishing. With the right vision and updates, this property could be a great long-term rental, resale project, or owner-occupied investment. Adding to the opportunity, the property is zoned NC - Neighborhood Commercial, offering flexibility beyond residential use. In addition to continued residential or rental use, the zoning may allow for certain neighborhood-serving business uses, subject to town approvals and requirements. Conveniently located just minutes from the heart of Cicero and Morse Lake, you'll enjoy easy access to local shops, dining, and lake amenities while still benefiting from a spacious lot. Bring your ideas and unlock the potential of this value-add opportunity in desirable Cicero. Buyer to verify permitted uses and approvals.
187 days
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56
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1
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Zillow last checked:
Listing updated:
Listed by:
Andy Sheets317-373-3434,
Compass Indiana, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22078903
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 1
Primary bedroom
Level: Main
Area: 99 Square Feet
Dimensions: 9x11
Bedroom 2
Level: Upper
Area: 168 Square Feet
Dimensions: 14x12
Bedroom 3
Level: Upper
Area: 132 Square Feet
Dimensions: 12x11
Great room
Level: Main
Area: 182 Square Feet
Dimensions: 14x13
Kitchen
Level: Main
Area: 110 Square Feet
Dimensions: 11x10
Heating
Forced Air, Natural Gas
Cooling
None, Window Unit(s)
Appliances
Included: Gas Water Heater, Gas Oven
Laundry: In Basement
Features
Eat-in Kitchen, Pantry
Basement: Full,Unfinished
Interior area
Total structure area: 2,160
Total interior livable area: 2,160 sqft
Finished area below ground: 0
Property
Parking
Parking features: Carport
Has carport: Yes
Features
Levels: Two
Stories: 2
Patio & porch: Covered
Lot
Size: 0.46 Acres
Details
Parcel number: 290236204006000011
Special conditions: As Is
Horse amenities: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Craftsman
Property subtype: Residential, Single Family Residence
Materials
Aluminum Siding
Foundation: Block
Condition
Fixer
New construction: No
Year built: 1948
Utilities & green energy
Water: Public
Community & HOA
Community
Subdivision: No Subdivision
HOA
Has HOA: No
Location
Region: Cicero
Financial & listing details
Price per square foot: $104/sqft
Tax assessed value: $138,400
Annual tax amount: $2,308
Date on market: 1/7/2026
Cumulative days on market: 187 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/8/2026
Pending sale
$224,900$104/sqft
Source: MIBOR as distributed by MLS GRID #22078903Report a problem
5/27/2026
Price change
$224,900-4.3%$104/sqft
Source: MIBOR as distributed by MLS GRID #22078903Report a problem
4/17/2026
Price change
$234,900-2.1%$109/sqft
Source: MIBOR as distributed by MLS GRID #22078903Report a problem
2/16/2026
Price change
$239,900-7.7%$111/sqft
Source: MIBOR as distributed by MLS GRID #22078903Report a problem
1/7/2026
Listed for sale
$259,900+246.5%$120/sqft
Source: MIBOR as distributed by MLS GRID #22078903Report a problem
3/3/2017
Sold
$75,000-9.1%$35/sqft
Source: MIBOR as distributed by MLS GRID #21453138Report 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.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.