1322 West Lee Street

Indianapolis, IN 46221

$160,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This two-unit duplex presents an exceptional opportunity for real estate investors seeking immediate cash flow. The property features long-term tenants, ensuring a steady rental income from the outset. Additionally, the duplex includes a spacious two-car garage and a sizable basement. This property represents an ideal foundation for building a successful real estate portfolio. Schedule an appointment today to explore this investment opportunity.This two-unit duplex presents an exceptional opportunity for real estate investors seeking immediate cash flow. The property features long-term tenants, ensuring a steady rental income from the outset. Additionally, the duplex includes a spacious two-car garage and a sizable basement. This property represents an ideal foundation for building a successful real estate portfolio. Schedule an appointment today to explore this investment opportunity.

Property Details for 1322 West Lee Street

Subdivision Name
No Subdivision
Township
Center
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LISTING UPDATED: 04/20/2024 06:55 PM

Property Details for 1322 West Lee Street

StatusActive
MLS #21974811
Days on Market19
Taxes$1,272 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1860
Lot Size0.13 AC / 5,662 SF
CountyMarion County
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Building Information for 1322 West Lee Street

Stories-Residences2Year Built1860Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$1,085 per month

30 year fixed, 7.25% Interest

Principal and Interest

$873

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1322 West Lee Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46221
  • Postal Code Plus4: 1522
  • Road Access: Access Rd
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491115147011000101
  • Semi Annual Property Tax Amt: 1272
  • Tax Year: 2023
  • TaxLot: /49-11-15-147-011.000-101
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 5489.0
  • Lot Size Acres: 0.13
  • New Construction: False
  • Year Built Numeric: 1860
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Reisners W Indpls Add L7
  • Photos Count: 5
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: One
Multi Family
Multi-Family Information
  • Total Units: 2
Income & Expenses
  • Expenses: 1526
  • Gross Income: $500.00
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Rental
Rental Information
  • Tenant Pays: Electricity

Property History for 1322 West Lee 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 1322 West Lee Street

Taxable ValueLand$8,300Additions$96,400Total$104,700
Tax Record2022$2,543 ($212 / month)
Home Facts
Beds1Total Finished SqFt835 SqFtAbove Grade Finished SqFt835 SqFtStories1Lot Size5,489 SqFtStyleCondominiumYear Built1860CountyMARIONAPN49-11-15-147-011.000-101

Schools near 1322 West Lee Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
Daniel Webster School 46
PublicPK 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.

Similar Homes

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1322 West Lee Street is a multi-family home for sale in Indianapolis, IN 46221. This property was listed for sale on April 18, 2024, it's currently listed at $160,000. It has been on the market for a total of 19 days and was last sold on June 25, 2018. This listing's school district is Indianapolis Public Schools. Nearby schools include Daniel Webster School 46, Arsenal Technical High School and George Washington Community High School (9-12). 1322 West Lee Street is a 0-bed, 0-bath, multi-family home built in 1860.

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.

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.