Last Sold Price
637 N Rural St, Indianapolis, IN 46201

Description

Attention all investors - house hack opportunity. This fully remodeled duplex is a prime investment in a rapidly growing area just minutes from downtown. Featuring modern updates throughout, the property is receiving its final finishing touches and will be completed before closing. Whether you plan to live in one unit while renting out the other or add a turnkey investment to your portfolio, this is a rare chance to secure a high-quality, income-producing property in a desirable location.Attention all investors - house hack opportunity. This fully remodeled duplex is a prime investment in a rapidly growing area just minutes from downtown. Featuring modern updates throughout, the property is receiving its final finishing touches and will be completed before closing. Whether you plan to live in one unit while renting out the other or add a turnkey investment to your portfolio, this is a rare chance to secure a high-quality, income-producing property in a desirable location.
LISTING CLOSED: 06/30/2025 12:00 AM

  1. Listed by Jacob Deacon • eXp Realty, LLC
    P: (888) 611-3912 jacob@livindyrealty.com

Property Details for 637 North Rural Street

Status
MLS #
22027427
Days on Market
12
Taxes
$1,100 semi-annually
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Duplex
Year Built
1923
Lot Size
0.13 AC / 5,662 SF
Architectural Style
Craftsman
Subdivision Name
Estep & Cos
Township
Center
Zoning
D5

Recent comparable sales

Median sold price

$230,000

Avg days on market

26

Sale-to-list ratio

95.0%

Indianapolis, IN

9 comparable properties found

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Bedrooms
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Bathrooms
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Square Feet
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Acres
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$229,000 | 2626 East Michigan Street, Indianapolis, IN 46201
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Square Feet
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$225,000 | 551-553 North Oakland Avenue, Indianapolis, IN 46201
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4

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$230,000 | 2623 East Michigan Street, Indianapolis, IN 46201
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Acres
$268,500 | 644 Eastern Avenue, Indianapolis, IN 46201
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Square Feet
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Acres
$225,000 | 429 North Oakland Avenue, Indianapolis, IN 46201
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Square Feet
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$212,000 | 413 North Oxford Street, Indianapolis, IN 46201
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Sold 08/15/25

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Bedrooms
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Acres
$257,850 | 655 North Beville Avenue, Indianapolis, IN 46201
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Sold 10/25/24

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Bedrooms
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Location

Listing Courtesy of eXp Realty, LLC

Sold By AMR Real Estate LLC

Add your commute

Building Information for 637 North Rural Street

Stories-Residences2Year Built1923Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$1,398 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,215

Property Taxes

$183

HOA Dues

$0

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Property Information for 637 North Rural Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 2469
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491005212044000101
  • Semi Annual Property Tax Amt: 1100
  • Tax Year: 2023
  • TaxLot: 48
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 5445.0
  • Lot Size Acres: 0.13
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1923
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: No
  • Legal Subdivision: Estep & Co Add L48
  • Photos Count: 31
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: FHA
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Foundation Details: Block
  • Roof: Asphalt
Interior Features
  • Basement Description: Partial
  • Basement YN: Yes
  • Heating: Forced Air
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Space
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 10x9
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 10x9
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom

Property History for 637 North Rural Street

DateEvent & SourcePriceAppreciation
Jun 30, 2025

Sold

MIBORMLS #22027427

$239,000
Jun 26, 2025

Sold (Public Record)

Public Record #1908937572

$240,000

+83.9% / yr

Mar 28, 2025

Pending

MIBORMLS #22027427

DateEvent & SourcePrice
06/30/2025

Sold

MIBORMLS #22027427

$239,000
06/26/2025

Sold (Public Record)

Public Record #1908937572

$240,000

+83.9% / yr

03/28/2025

Pending

MIBORMLS #22027427

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

Public Records for 637 North Rural Street

Taxable ValueLand$17,000Additions$140,000Total$157,000
Home Facts
Total Finished SqFt1,417 SqFtAbove Grade Finished SqFt1,417 SqFtStories2Lot Size5,445 SqFtStyleMulti-Family Dwelling (2-4)Year Built1923CountyMARIONAPN49-10-05-212-044.000-101

Schools near 637 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 637 North Rural Street, Indianapolis, IN 46201
$239,000
5,662
$325,400
3
2,430
5,445
$9,300
1,280
5,445
$271,500
2
2,615
5,445
$215,000
2
1,560
5,662
$17,000
0

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 eXp Realty, LLC

Based on information submitted to the MLS GRID as of 07/02/2025 06:24 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.