580 Indiana Ave

$249,900
Price
Beds
Baths
2,607 Sq. Ft.
$96 / Sq. Ft.
2,607
Sq. Ft.
$96
per Sq. Ft.

Description

Investor opportunity! Fully occupied 3 family property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rent income with all leases secured through 2026. Property features a 2 bed/1 bath unit and two- 1 bed/1 bath units. Tenants pay utilities. Landlord pays water and trash (aprox $100 mo). Strong rental history, long term tenants, all modern updates make this an excellent addition to any investors portfolio. Capital improvements include: new roof, gutters, new windows,...Investor opportunity! Fully occupied 3 family property located at 580 Indiana Ave, Aurora, In. This well maintained triplex offers stable rent income with all leases secured through 2026. Property features a 2 bed/1 bath unit and two- 1 bed/1 bath units. Tenants pay utilities. Landlord pays water and trash (aprox $100 mo). Strong rental history, long term tenants, all modern updates make this an excellent addition to any investors portfolio. Capital improvements include: new roof, gutters, new windows, high efficiency gas furnace, central air, new water heaters. All capital improvements listed in attached documents.
  1. Listed by Kristy Theobald • Lohmiller Real Estate

Property Details for 580 Indiana Avenue

Zoning
Multi Family
Subdivision
Radds Add
Parking Spaces
6.00
Directions
GPS Friendly. From Aurora take 50N to Left onto Indiana Ave, home is on the Left at the bend.
View
Woods
Water Frontage
0.0
LISTING UPDATED: 10/21/2025 08:42 PM

Property Details for 580 Indiana Avenue

StatusActive
MLS #206168
Days on Market64
Taxes$2,122 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Fam 2-4 units
Year Built1940
Lot Size0.20 AC / 8,712 SF
CountyDearborn County

Location

Listing Courtesy of Lohmiller Real Estate
Add your commute

Building Information for 580 Indiana Avenue

Stories-Residences3Year Built1940Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$1,412 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,235

Property Taxes

$177

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 580 Indiana Avenue

Summary
Location and General Information
  • County: Dearborn
  • City: Aurora
  • State: IN
  • ZIP: 47001
  • Access: City Street
  • Longitude: .00
  • Latitude: .00
  • Township: Center
Taxes and HOA
  • Other Tax Parcel ID: 003-000700-00
  • Semi-Annual Taxes: 1061
  • Tax Exemptions: Homestead
  • Taxes(annual): $2,122.00
  • Parcel ID: 151206201014000003
  • HOA Yes/No: No
  • Maintenance: 0.0
School Information
  • School District: South Dearborn
  • School Name 1: Aurora Elementary
  • School Name 2: South Dearborn High
  • School Type 1: Elementary School
  • School Type 2: High School
Parking
  • Garage Spaces: .00
  • Garage Y/N: No
  • Garage: None
  • Driveway Type: Gravel
  • Easements: Public Record
  • Parking: Driveway, Off Street
Property
Lot Information
  • Acres: 0.2
  • Above Grade Fin SF: 2607.0
  • Other Acres: 0.0
  • Tillable Acres: 0.0
  • Pastured Acres: 0.0
  • Wooded Acres: 0.0
  • Lot Dimensions: irregular
  • Lot Measurement: Acres
  • Lot Square Footage: 8712.0
  • Square Footage: 2607.0
  • Price Per Acre: $.00
  • Price Per Square Foot: $.00
  • Total Basement SF: 900.0
  • Total Finished SF: 2607.0
  • Efficiency Rent: $.00
  • Efficiency Sq Ft: 0.0
  • Efficiency Units: 0
  • Foundation: Block
  • Below Grade Fin SF: 0.0
  • Lot Number: 12
  • Land Description: Partially Wooded
Property and Assessments
  • Property Subtype 1: Multi Fam 2-4 units
  • Property Type: Multi Family
  • Property Disclaimer: Information has not been verified, is not guaranteed and subject to change.
  • Picture Count: 26
  • Road Frontage: 0.0
  • Year Built: 1940
  • Topography: Level
  • Property Description: Triplex
  • Auction: No
  • Age: 0
  • Construction: Vinyl Siding
  • Architecture: Cape Cod
  • Buildings: 1
  • Type of Home: Stick Built
  • FIPS Code: 29
  • MfgHomesAllowed Y/N: No
  • New Construction: No
  • Possession: Tenant Rights
  • Property Ownership: Consumer
  • Through Payable Year: 0.0
  • Road Surface: Paved
  • Documents Available: Aerial Photo
  • Special Listing Cond: None
  • HERS Rating (RESNET): 0.0
  • Degree Complete: Existing Structure
  • Historical Dist Y/N: No
  • Validated: Yes
  • Vacancy: 0.0
Utilities
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Gas and Electric: 0.0
  • Gas Y/N: Yes
  • Gas: Natural
  • Sewer: Public Sewer
  • Waterfront Y/N: No
  • Water Source: Public
  • Separate Water/Sewer: Yes
  • Water and Sewer: 100.0
  • Waste Removal: 0.0
  • Pond/Lake Y/N: No
  • Public Transportn: catch a ride
Interior and Exterior Features
Exterior Features
  • Levels: Two
  • Outside Features: Extreme Landscaping, Deck
  • PUD Y/N: No
Interior Features
  • Fireplace: None
  • Fireplaces: 0
  • Roof: Built-Up, Shingle
  • Appliances: Dishwasher, Oven/Range, Refrigerator
  • Basement: Partial
  • Basement Y/N: Yes
  • Water Heating: Electric
  • Unfinished Bsmnt SF: 0.0
  • Interior Walls: Drywall, Plaster
  • Separate Air Condi: Yes
  • Cooling: Ceiling Fans, Central Air
  • Heating: Gas
  • Windows: Insulated, Vinyl
  • Separate Furnace: Yes
Room Information
Bedroom Information
  • Bedrooms: 0
Bathrooms Information
  • Bathrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Three Quarter Bathrooms: 0
Laundry Room
  • Laundry Type: Private
Multi Family
Multi-Family Information
  • Total Units: 3
  • 1-Bedroom Rent: $.00
  • 1-Bedroom Sq Ft: 0.0
  • 1-Bedroom Units: 2
  • 2-Bedroom Rent: $.00
  • 2-Bedroom Sq Ft: 0.0
  • 2-Bedroom Units: 1
  • 3+ Bedroom Rent: $.00
  • 3+ Bedroom Sq Ft: 0.0
  • 3+ Bedroom Units: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Part Baths: 0
  • Unit 1 Rooms: 0
  • Unit 1 Rent: $.00
  • Unit 1 Assigned Prkg: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Part Bath: 0
  • Unit 2 Rooms: 0
  • Unit 2 Rent: $.00
  • Unit 2 Assigned Prkg: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Part Baths: 0
  • Unit 3 Rooms: 0
  • Unit 3 Rent: $.00
  • Unit 3 Assigned Prkg: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Bath: 0
  • Unit 4 Part Bath: 0
  • Unit 4 Rooms: 0
  • Unit 4 Rent: $.00
  • Unit 4 Assigned Prkg: 0
Income & Expenses Information
  • Other Expense: $.00
  • Net Operating Income: $0
  • Gross Income: $0
  • Insurance: $800.00
  • Miscellaneous: Smoke Alarm
Rental
Rental Information
  • Lease Type: Net
  • Available for Lease: No
  • Tenant Pays: Electricity, Gas

Property History for 580 Indiana Avenue

DateEvent & SourcePriceAppreciation
Oct 15, 2025

Listed (Active)

Southeastern Indiana Board of REALTORS #206168

$249,900
Jan 18, 2021

Sold

Southeastern Indiana Board of REALTORS #192986

$63,000
Jan 15, 2021

Sold (Public Record)

Public Record #1512043570

$63,000
Jan 6, 2021

Pending

Southeastern Indiana Board of REALTORS #192986

Jun 23, 2020

Listed (Active)

Southeastern Indiana Board of REALTORS #192986

$79,900
Oct 31, 2019

Expired

Southeastern Indiana Board of REALTORS #190206

$84,900
Apr 19, 2019

Listed (Active)

Southeastern Indiana Board of REALTORS #190206

$89,900
DateEvent & SourcePrice
10/15/2025

Listed (Active)

Southeastern Indiana Board of REALTORS #206168

$249,900
01/18/2021

Sold

Southeastern Indiana Board of REALTORS #192986

$63,000
01/15/2021

Sold (Public Record)

Public Record #1512043570

$63,000
01/06/2021

Pending

Southeastern Indiana Board of REALTORS #192986

06/23/2020

Listed (Active)

Southeastern Indiana Board of REALTORS #192986

$79,900
10/31/2019

Expired

Southeastern Indiana Board of REALTORS #190206

$84,900
04/19/2019

Listed (Active)

Southeastern Indiana Board of REALTORS #190206

$89,900

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

Public Records for 580 Indiana Avenue

Taxable ValueLand$10,600Additions$90,200Total$100,800
Tax Record2024$2,122 ($177 / month)
Home Facts
Baths2Total Finished SqFt2,479 SqFtAbove Grade Finished SqFt2,479 SqFtStories2Lot Size8,712 SqFtStyleTriplexYear Built1940CountyDEARBORNAPN15-12-06-201-014.000-003

Schools near 580 Indiana Avenue

This home is within South Dearborn Com School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Aurora Elementary School
PublicPK to 6

South Dearborn Middle School
Public7 to 8

South Dearborn High School
Public9 to 12

St Mary Elementary School
PrivateK to 8

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.

Similar Homes

Similar Sold Homes

580 Indiana Avenue is a multi-family home for sale in Aurora, IN 47001. This property was listed for sale on October 15, 2025 by Lohmiller Real Estate, it's currently listed at $249,900. It has been on the market for a total of 64 days and was last sold on January 18, 2021. This listing's school district is South Dearborn Com School Corp. Nearby schools include Aurora Elementary School, South Dearborn Middle School and South Dearborn High School. 580 Indiana Avenue is a 0-bed, 0-bath, 2,607 sqft multi-family home built in 1940.

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 Lohmiller Real Estate

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.