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  • $205,000

    845 N Dearborn St, Indianapolis, IN 46201

    6beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1920
    -- sqft lot
    $213,800 Zestimate®
    $--/sqft
    $1,198 Estimated rent

    Home value

    $213,800

    $192,000 - $235,000

    $1,198/mo

    Zestimate® history
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    $1,198/mo

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    $1,198/mo

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    $1,343/mo

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    $1,343/mo

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    What's special

    Welcome to your next investment venture! This charming duplex, located at 845 N Dearborn St, Indianapolis, offers an excellent opportunity for savvy investors or homebuyers looking to generate passive income. Key Features: Prime Location: Situated in a desirable neighborhood, this property offers convenience and accessibility to local amenities, schools, and transportation routes. Income Potential: One side of the duplex is currently leased, providing a steady rental income of $995 per month. With one tenant already in place, you can start earning from day one. Versatile Living Space: The other side of the duplex is vacant and ready for occupancy. Whether you're looking to rent it out for additional income or move in yourself, this flexible space offers endless possibilities. Investment Flexibility: Investors have the option to rent out both units for maximum rental income or live in one unit while renting out the other to offset mortgage expenses. Low Maintenance: With separate entrances for each unit, maintenance and management are streamlined, making this property an attractive option for landlords. Investment Potential: Rental Income: The current rental income from one unit provides a solid foundation for immediate cash flow. With the second unit ready for occupancy, you have the potential to double your rental income. Appreciation: Indianapolis' real estate market has shown steady appreciation over the years, offering the potential for long-term capital growth on your investment. Don't Miss Out! Whether you're an experienced investor or a first-time buyer, 845 N Dearborn St presents an excellent opportunity to capitalize on the thriving Indianapolis real estate market. Schedule a viewing today and unlock the potential of this lucrative investment property! Seller IS accepting backup offers.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Maxwell Richter 317-842-3400,

    Wilmoth Group

    Bought with:

    Michelle Anderson

    Bold Realty LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 21979857MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Laundry: No Laundry Facil.
    Features
    • Has basement: Yes

    Property

    Parking
    • Parking features: Alley Access
    • Details: Unit Parking(On Street)
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,791 sqft
    • Features: Sidewalks
    Details
    • Parcel number: 491005214030000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Duplex
    Materials
    • Aluminum Siding
    Condition
    • New construction: No
    • Year built: 1920

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: E T Woods Oakland Park

    Price history

    DateEventPrice
    7/12/2024Sold$205,000-8.1%
    Source: MIBOR as distributed by MLS GRID #21979857 Report a problem
    7/9/2024Pending sale$223,000
    Source: MIBOR as distributed by MLS GRID #21979857 Report a problem
    7/7/2024Price change$223,000+8.8%
    Source: MIBOR as distributed by MLS GRID #21979857 Report a problem
    5/24/2024Pending sale$205,000
    Source: MIBOR as distributed by MLS GRID #21979857 Report a problem
    5/16/2024Listed for sale$205,000+166.2%
    Source: MIBOR as distributed by MLS GRID #21979857 Report a problem
    6/5/2020Listing removed$975
    Source: Go Section8 Report a problem
    1/29/2020Listed for rent$975+51.2%
    Source: Go Section8 Report a problem
    12/6/2019Listing removed$645
    Source: CityPlace Property Management Report a problem
    11/16/2019Price change$645-7.2%
    Source: CityPlace Property Management Report a problem
    6/26/2019Listed for rent$695
    Source: CityPlace Property Management Report a problem
    3/7/2019Sold$77,000+300.2%
    Source: Public Record Report a problem
    9/14/2007Sold$19,240
    Source: MIBOR as distributed by MLS GRID #2669007 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,128 +6.4%$171,300 +30%
    2024$2,939 +4.3%$131,800 +6.4%
    2023$2,819 +19.1%$123,900 +3.8%
    2022$2,367 +10.5%$119,400 +16.4%
    2021$2,142 +5.9%$102,600 +10.9%
    2020$2,023 +26.8%$92,500 +7.9%
    2019$1,596 +9.6%$85,700 +27.9%
    2018$1,457 +24.6%$67,000 +2.1%
    2017$1,169 +14.9%$65,600 +30.2%
    2016$1,018 +15.6%$50,400 +23.8%
    2014$880 -12.9%$40,700
    2013$1,010 $40,700 -9.2%
    2012$1,010 $44,800 +13.4%
    2011-- $39,500
    2010$826 -2.4%$39,500
    2009$846 $39,500 +1.5%
    2007-- $38,900

    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $213,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $213,800