Last Sold Price
1027 N Rural StIndianapolis, IN46201

Description

Don't miss this excellent investment opportunity! This duplex, being sold as-is, features two units, each currently occupied by long-term tenants paying $900/month, providing immediate rental income. Each unit offers 3 bedrooms, 1 bathroom and the potential for upgrades to increase rental value. The property is conveniently located near local restaurants, stores, and public transportation, making it an attractive option for renters. Whether you're a seasoned investor looking to expand your portfolio...Don't miss this excellent investment opportunity! This duplex, being sold as-is, features two units, each currently occupied by long-term tenants paying $900/month, providing immediate rental income. Each unit offers 3 bedrooms, 1 bathroom and the potential for upgrades to increase rental value. The property is conveniently located near local restaurants, stores, and public transportation, making it an attractive option for renters. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer interested in an income-generating property, this duplex has plenty of potential. Priced to sell, this is your chance to secure a property with reliable tenants already in place. No showings will be taken until after accepted contract. Tenants are in place and leases are available.
LISTING CLOSED: 03/19/2025 12:00 AM

  1. Listed by Meighan Wise • Keller Williams Indpls Metro N
    P: (317)-846-6300 meighanwise@gmail.com

Property Details for 1027 North Rural Street

Status
MLS #
22015312
Days on Market
26
Taxes
$1,250 semi-annually
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Duplex
Year Built
1920
Lot Size
0.14 AC / 6,098 SF
Subdivision Name
Vajens South Brookside
Township
Center

Location

Listing Courtesy of Keller Williams Indpls Metro N

Sold By Keller Williams Indpls Metro N

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Building Information for 1027 North Rural Street

Stories-Residences2Year Built1920Building Size-Lot Size0.14 AC / 6,098 SF

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$910 per month

30 year fixed, 6.55% Interest

Principal and Interest

$701

Property Taxes

$208

HOA Dues

$0

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Property Information for 1027 North Rural Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 1326
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490732193172000101
  • Semi Annual Property Tax Amt: 1250
  • Tax Year: 2023
  • TaxLot: 7
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 6098.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Year Built Numeric: 1920
  • Living Area Source: Appraisal
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: No
  • Legal Subdivision: Vajens S Brookside Add L7
  • Photos Count: 2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 1000
  • Gross Income: $21,600.00
Unit 1
  • Unit Kitchen: 350
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom

Property History for 1027 North Rural Street

DateEvent & SourcePriceAppreciation
Mar 19, 2025

Sold

MIBORMLS #22015312

$138,000—
Mar 13, 2025

Sold (Public Record)

Public Record #1555469024

$138,000

+75.4% / yr

Jan 29, 2025

Pending

MIBORMLS #22015312

—
DateEvent & SourcePrice
03/19/2025

Sold

MIBORMLS #22015312

$138,000
03/13/2025

Sold (Public Record)

Public Record #1555469024

$138,000

+75.4% / yr

01/29/2025

Pending

MIBORMLS #22015312

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1027 North Rural Street

Taxable ValueLand$20,200Additions$90,400Total$110,600
Tax Record2024$2,625 ($219 / month)
Home Facts
Total Finished SqFt1,402 SqFtAbove Grade Finished SqFt1,402 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningZO01CountyMARIONAPN49-07-32-193-172.000-101

Schools near 1027 North Rural Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 8
Public - 11 to 12
Public - PK to 6
Rating
School
Distance
Anna Brochhausen School 88
PublicPK to 5

Edison School of the Arts 47
PublicK to 8

Emmerich Manual High School
Public11 to 12

Arlington Woods School 99
PublicPK to 6

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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information submitted to the MLS GRID as of 03/26/2025 06:05 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.