845 North Dearborn Street

Indianapolis, IN 46201

$205,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Maxwell Richter • Wilmoth Group • maxr@wilmothgroup.com

Property Details for 845 North Dearborn Street

Architectural Style
TraditonalAmerican
Subdivision Name
E T Woods Oakland Park
Township
Center

Location

Listing Courtesy of Wilmoth Group
Add your commute
LISTING UPDATED: 05/24/2024 11:52 AM

Property Details for 845 North Dearborn Street

StatusPending
MLS #21979857
Days on Market9
Taxes$1,410 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1920
Lot Size0.11 AC / 4,791 SF
CountyMarion County

Location

Listing Courtesy of Wilmoth Group
Add your commute

Building Information for 845 North Dearborn Street

Stories-Residences2Year Built1920Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$1,354 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,119

Property Taxes

$235

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 845 North Dearborn Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 2419
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491005214030000101
  • Semi Annual Property Tax Amt: 1410
  • Tax Year: 2023
  • TaxLot: 77
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 4704.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1920
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Woods 3rd Oakland Park L77
  • Photos Count: 13
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
Interior Features
  • Basement YN: Yes
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: No Laundry Facil.
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Net Operating Income: $.00
  • Gross Income: $11,940.00
Unit 1
  • Unit Kitchen: 13x12
  • Unit Levels: 2
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas
Unit 2
  • Unit Kitchen: 13x12
  • Unit Levels: 2
  • Unit Miscellaneous: No Equip
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas

Property History for 845 North Dearborn Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wilmoth Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.