845 North Dearborn Street
845 North Dearborn Street
$205,000
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Pending
Description
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...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!
- Listed by Maxwell Richter • Wilmoth Group • maxr@wilmothgroup.com
Property Details for 845 North Dearborn Street
Architectural Style
TraditonalAmerican
Subdivision NameE T Woods Oakland Park
TownshipCenter
Location
LISTING UPDATED: 05/24/2024 11:52 AM
Property Details for 845 North Dearborn Street
Status | Pending |
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MLS # | 21979857 |
Days on Market | 9 |
Taxes | $1,410 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1920 |
Lot Size | 0.11 AC / 4,791 SF |
County | Marion County |
Location
Building Information for 845 North Dearborn Street
Stories-Residences2Year Built1920Building Size-Lot Size0.11 AC / 4,791 SF
Payment Calculator
$1,354 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 845 North Dearborn Street
Property History for 845 North Dearborn Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 845 North Dearborn Street
Taxable ValueLand$6,300Additions$117,600Total$123,900
Tax Record2023$2,939 ($245 / month)
Home Facts
Beds6Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories2Lot Size4,704 SqFtStyleCondominiumYear Built1920CountyMARIONAPN49-10-05-214-030.000-101
Schools near 845 North Dearborn Street
This home is within Indianapolis Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Brookside School 54 PublicPK to 6 | ||
Arlington Community Middle School Public7 to 8 | ||
George Washington Community High School (9-12) Public9 to 12 | ||
Arsenal Technical High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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