Rare double-lot flip/development opportunity in one of the near south side's most actively renovated historic pockets. This 3-bedroom, 1-bath (with plumbing already installed for a second full bath - potential for 2 full baths total), 1,622-square-foot home sits on 7,318 square feet across two parcels - roughly double the width of surrounding lots - with a solid foundation and the heavy, unglamorous work already done. What's already completed: a new roof, new upsized water and sewer lines, a functional furnace, and drainage that's nearly complete. The home has been gutted to the studs and insulation, reframed for an open first-floor layout. Fully custom, stamped architectural plans for a carriage house/ADU are available by request. Since the sewer and water lines are already upsized and ready for ADU tie-in, no new taps are needed - an estimated $15K-$20K savings off the build. Estimated $110K-$150K to finish out. After Repair Value: $275K-$375K, depending on the route the investor takes. Located in the Bates-Hendricks Historic District, walkable to Fountain Square and just minutes from downtown Indianapolis. Cash or hard money only.
Sold
Zillow last checked:
Listing updated:
Bought with:
Cung Thang
Landtree, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 22122192
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Sold | $90,000-9.9%$55/sqft |
Source:  MIBOR as distributed by MLS GRID #22122192 Report a problem | ||
| 9/28/2026 | Pending sale | $99,900$62/sqft |
Source: MIBOR as distributed by MLS GRID #22122192 Report a problem | ||
| 9/3/2026 | Listed for sale | $99,900-10.8%$62/sqft |
Source: MIBOR as distributed by MLS GRID #22122192 Report a problem | ||
| 9/19/2023 | Sold | $112,000-13.8%$69/sqft |
Source: MIBOR as distributed by MLS GRID #21927272 Report a problem | ||
| 8/15/2023 | Pending sale | $129,900$80/sqft |
Source: MIBOR as distributed by MLS GRID #21927272 Report a problem | ||
| 7/21/2023 | Listed for sale | $129,900$80/sqft |
Source: MIBOR as distributed by MLS GRID #21927272 Report a problem | ||
| 7/14/2023 | Pending sale | $129,900$80/sqft |
Source: MIBOR as distributed by MLS GRID #21927272 Report a problem | ||
| 7/10/2023 | Price change | $129,900-3.7%$80/sqft |
Source: MIBOR as distributed by MLS GRID #21927272 Report a problem | ||
| 6/20/2023 | Listed for sale | $134,900-22.9%$83/sqft |
Source: MIBOR as distributed by MLS GRID #21927272 Report a problem | ||
| 9/3/2020 | Listing removed | $175,000$108/sqft |
Source: eXp Realty, LLC #21671752 Report a problem | ||
| 7/6/2020 | Price change | $175,000-5.4%$108/sqft |
Source: eXp Realty, LLC #21671752 Report a problem | ||
| 2/21/2020 | Price change | $185,000-2.6%$114/sqft |
Source: eXp Realty, LLC #21671752 Report a problem | ||
| 1/9/2020 | Price change | $190,000-2.5%$117/sqft |
Source: eXp Realty, LLC #21671752 Report a problem | ||
| 12/6/2019 | Price change | $194,900-2.5%$120/sqft |
Source: eXp Realty, LLC #21671752 Report a problem | ||
| 9/28/2019 | Listed for sale | $199,900$123/sqft |
Source: eXp Realty, LLC #21671752 Report a problem | ||
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Estimated market value
$90,000
