4811 E Michigan St
Indianapolis, IN 46201

$270,000

Price

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4811 East Michigan Street Indianapolis, IN 46201 - Photo 1 of 25

Description

Welcome to 4811 E Michigan Street. Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers the opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating...Welcome to 4811 E Michigan Street. Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers the opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. The lower level offers the potential for a fifth unit, additional storage or separate laundry area for the tenants. This home is perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.

Listed by Justin Wade • BLK Key Realty

Property Details for 4811 East Michigan Street

Architectural Style

Traditional

Subdivision Name

Layman & Carey

Township

Center

LISTING UPDATED: 12/18/2025 04:17 PM

Property Details for 4811 East Michigan Street

Status	Active
MLS #	22073146
Days on Market	40
Taxes	$4,614 semi-annually
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income / Quadruplex
Year Built	1925
Lot Size	0.14 AC / 6,098 SF
County	Marion County

Location

Listing Courtesy of BLK Key Realty

Add your commute

Building Information for 4811 East Michigan Street

Stories-Residences4Year Built1925Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,103 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,334

Property Taxes

$769

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 4811 East Michigan Street

Summary

Location and General Information

City: Indianapolis
County Or Parish: Marion

Directions: GPS Friendly
Postal Code: 46201
Postal Code Plus4: 2913
Road Access: Access Rd
State Or Province: IN

Taxes and HOA Information

Parcel Number: 491004144163000101
Semi Annual Property Tax Amt: 4614

Tax Year: 2024
TaxLot: 83 & 84

School Information

School District: Indianapolis Public Schools

Property

Lot Information

Acreage: <1/4 Acre
Building Information: Other

Current Use: Residential, Vacant
Gross Area SQFT: 4632
Lot Size Square Feet: 6000.0
Lot Size Acres: 0.14
New Construction: False
Structure Type: Apartment Building
Year Built Numeric: 1925
Living Area Source: Assessor

Property and Assessments

Affected by Disclosures: No
Conversion: No

DPRYN: Yes
Legal Subdivision: Layman & Carey Irv Park Ex 85Ft W Ends L83 & 84
Photos Count: 25
Property Sub Type: Quadruplex
Property Type: Residential Income
Transaction Type: Sale

Utilities

Building Utilities: Municipal Storm Connected,Separate Gas Meter,Sewer,Water
Solid Waste: No

Interior and Exterior Features

Exterior Features

Construction Materials: Vinyl Siding
Foundation Details: Block

Interior Features

Basement YN: Yes
Levels: Two

Laundry Features: No Laundry Facil.
Multi Baths: 4
Multi Beds: 5

Multi Family

Multi-Family Information

Total Units: 4
Garage Parking: On Street

Income & Expenses

Expenses: 0
Gross Income: $1,630.00

Unit 1

Unit Kitchen: 8x8
Unit Levels: 1

Unit Miscellaneous: No Equip
Unit Rent Frequency: Monthly
Unit Utilities: Other
Unit Type Type: 1 Bedroom

Unit 2

Unit Kitchen: 8x8
Unit Levels: 1

Unit Rent Frequency: Monthly
Unit Type Type: 1 Bedroom

Unit 3

Unit Kitchen: 8x8
Unit Levels: 1

Unit Miscellaneous: No Equip
Unit Rent Frequency: Monthly
Unit Utilities: Other
Unit Type Type: 2 Bedroom

Unit 4

Unit Kitchen: 8x8
Unit Levels: 1

Unit Rent Frequency: Monthly
Unit Utilities: Other
Unit Type Type: 1 Bedroom

Property History for 4811 East Michigan Street

Date	Event & Source	Price	Appreciation
Dec 10, 2025	Price Change MIBORMLS #22073146	$270,000	—
Nov 13, 2025	Listed (Active) MIBORMLS #22073146	$290,000	—
Mar 23, 2022	Sold MIBORMLS #21834391	$225,000	—
Mar 2, 2022	Sold (Public Record) Public Record #1510541204	$221,500	+10.2% / yr
Feb 5, 2022	Pending MIBORMLS #21834391		—
Jan 19, 2022	Listed (Active) MIBORMLS #21834391	$275,000	—
Jan 8, 2021	Sold MIBORMLS #21755739	$120,000	—
Dec 12, 2020	Pending MIBORMLS #21755739		—
Dec 3, 2020	Listed (Active) MIBORMLS #21755739	$129,900	—
Oct 24, 2018	Sold (Public Record) Public Record #633989447	$160,000	+11.1% / yr
Feb 21, 2014	Sold MIBORMLS #21264662	$97,975	—
Feb 19, 2014	Sold (Public Record) Public Record #418839509	$97,975	+6.3% / yr
Feb 19, 2014	Pending MIBORMLS #21264662		—
Nov 11, 2013	Listed (Active) MIBORMLS #21264662	$124,900	—
Oct 29, 2010	Sold (Public Record) Public Record #300735306	$80,000	+332.1% / yr
Oct 29, 2010	Sold MIBORMLS #21043782	$80,000	—
Oct 29, 2010	Pending MIBORMLS #21043782		—
Oct 28, 2010	Sold MIBORMLS #21043782	$80,000	—
Oct 28, 2010	Pending MIBORMLS #21043782		—
Aug 19, 2010	Listed (Active) MIBORMLS #21043782	$110,000	—
Aug 28, 2009	Sold MIBORMLS #2937523	$14,000	—
Aug 20, 2009	Sold (Public Record) Public Record #278783016	$14,000	—
Aug 19, 2009	Pending MIBORMLS #2937523		—
Jul 28, 2009	Listed (Active) MIBORMLS #2937523	$15,000	—
Sep 30, 2002	Sold MIBORMLS #2207587	$25,000	—
Sep 13, 2002	Pending MIBORMLS #2207587		—
Feb 14, 2002	Listed (Active) MIBORMLS #2207587	$49,900	—
Aug 9, 2001	Expired MIBORMLS #2106774		—
Feb 9, 2001	Listed (Active) MIBORMLS #2106774	$75,000	—

Date	Event & Source	Price
12/10/2025	Price Change MIBORMLS #22073146	$270,000
11/13/2025	Listed (Active) MIBORMLS #22073146	$290,000
03/23/2022	Sold MIBORMLS #21834391	$225,000
03/02/2022	Sold (Public Record) Public Record #1510541204	$221,500 +10.2% / yr
02/05/2022	Pending MIBORMLS #21834391	—
01/19/2022	Listed (Active) MIBORMLS #21834391	$275,000
01/08/2021	Sold MIBORMLS #21755739	$120,000
12/12/2020	Pending MIBORMLS #21755739	—
12/03/2020	Listed (Active) MIBORMLS #21755739	$129,900
10/24/2018	Sold (Public Record) Public Record #633989447	$160,000 +11.1% / yr
02/21/2014	Sold MIBORMLS #21264662	$97,975
02/19/2014	Sold (Public Record) Public Record #418839509	$97,975 +6.3% / yr
02/19/2014	Pending MIBORMLS #21264662	—
11/11/2013	Listed (Active) MIBORMLS #21264662	$124,900
10/29/2010	Sold (Public Record) Public Record #300735306	$80,000 +332.1% / yr
10/29/2010	Sold MIBORMLS #21043782	$80,000
10/29/2010	Pending MIBORMLS #21043782	—
10/28/2010	Sold MIBORMLS #21043782	$80,000
10/28/2010	Pending MIBORMLS #21043782	—
08/19/2010	Listed (Active) MIBORMLS #21043782	$110,000
08/28/2009	Sold MIBORMLS #2937523	$14,000
08/20/2009	Sold (Public Record) Public Record #278783016	$14,000
08/19/2009	Pending MIBORMLS #2937523	—
07/28/2009	Listed (Active) MIBORMLS #2937523	$15,000
09/30/2002	Sold MIBORMLS #2207587	$25,000
09/13/2002	Pending MIBORMLS #2207587	—
02/14/2002	Listed (Active) MIBORMLS #2207587	$49,900
08/09/2001	Expired MIBORMLS #2106774	—
02/09/2001	Listed (Active) MIBORMLS #2106774	$75,000

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

Public Records for 4811 East Michigan Street

Taxable ValueLand$8,300Additions$380,600Total$388,900

Tax Record2024$9,229 ($769 / month)

Home Facts

Total Finished SqFt3,012 SqFtAbove Grade Finished SqFt2,472 SqFtFinished Basement SqFt540 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925Year Renovated1975ZoningZO01CountyMARIONAPN49-10-04-144-163.000-101

Schools near 4811 East Michigan Street

This home is within Indianapolis Public Schools.


Rating	School	Type	Grades	Distance
3/10	Christian Park School 82	Public - Serves this home	PK to 6	1.0 mi
7/10	William McKinley School 39	Public - Serves this home	PK to 6	2.5 mi
3/10	Eleanor Skillen Elementary School 34	Public - Serves this home	PK to 6	3.7 mi
3/10	Ralph Waldo Emerson School 58	Public - Serves this home	PK to 6	0.3 mi
5/10	George W. Julian School 57	Public - Serves this home	PK to 8	0.8 mi
1/10	Arsenal Technical High School	Public - Serves this home	9 to 12	2.4 mi
NR	Our Lady Of Lourdes School	Private - Nearby school	PK to 8	0.7 mi
NR	Shepherd Academy	Private - Nearby school	PK to 5	0.7 mi
NR	St. Therese Little Flower School	Private - Nearby school	PK to 8	0.8 mi


Rating	School	Distance
3/10	Christian Park School 82 PublicPK to 6 Serves this home	1.0 mi
7/10	William McKinley School 39 PublicPK to 6 Serves this home	2.5 mi
3/10	Eleanor Skillen Elementary School 34 PublicPK to 6 Serves this home	3.7 mi
3/10	Ralph Waldo Emerson School 58 PublicPK to 6 Serves this home	0.3 mi
5/10	George W. Julian School 57 PublicPK to 8 Serves this home	0.8 mi
1/10	Arsenal Technical High School Public9 to 12 Serves this home	2.4 mi
NR	Our Lady Of Lourdes School PrivatePK to 8 Nearby school	0.7 mi
NR	Shepherd Academy PrivatePK to 5 Nearby school	0.7 mi
NR	St. Therese Little Flower School PrivatePK to 8 Nearby school	0.8 mi

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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More information about 4811 East Michigan Street, Indianapolis, IN 46201

4811 East Michigan Street is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on November 13, 2025 by BLK Key Realty, it's currently listed at $270,000. It has been on the market for a total of 40 days and was last sold on March 23, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include Christian Park School 82, William McKinley School 39 and Eleanor Skillen Elementary School 34. 4811 East Michigan Street is a 0-bed, 0-bath, multi-family home built in 1925.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BLK Key Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/23/2025 03:04 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.

4811 E Michigan StIndianapolis, IN 46201

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More information about 4811 East Michigan Street, Indianapolis, IN 46201

4811 E Michigan St
Indianapolis, IN 46201