1515 East Michigan Street

1515 East Michigan Street

Indianapolis, IN 46201

$419,000
Price
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Description

A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel. The front building holds 4 units. The garage was converted into a unit. There are many...A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel. The front building holds 4 units. The garage was converted into a unit. There are many newly developed residential and commercial properties nearby. The property is 100% occupied. The new owners would have to honor and respect the leases. Tours are scheduled in advance and all tours must show proof of funds prior to touring the property. All tenants are current with their rents and are exceptional tenants. A breakdown of financials and leases are available to buyers who have submitted proof of funds or financing.
  1. Listed by Stephanie Scott • F.C. Tucker Company • Annie.Scott@talktotucker.com

Property Details for 1515 East Michigan Street

Subdivision Name
No Subdivision
Township
Center

Location

Listing Courtesy of F.C. Tucker Company
Add your commute
LISTING UPDATED: 03/06/2024 05:34 PM

Property Details for 1515 East Michigan Street

StatusActive
MLS #21966692
Days on Market54
Taxes$1,806 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1910
Lot Size0.15 AC / 6,534 SF
CountyMarion County

Location

Listing Courtesy of F.C. Tucker Company
Add your commute

Building Information for 1515 East Michigan Street

Stories-Residences5Year Built1910Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$2,588 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,287

Property Taxes

$301

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1515 East Michigan Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 3016
  • Road Access: Access Rd
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491006132018000101
  • Semi Annual Property Tax Amt: 1806
  • Tax Year: 2022
  • TaxLot: -
School Information
  • Elementary School: Theodore Potter School 74
  • High School: Arsenal Technical High School
  • Middle Or Junior School: H L Harshman Middle School
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 6403.0
  • Lot Size Acres: 0.15
  • New Construction: False
  • Possible Use: Apt<20
  • Structure Type: Apartment Building
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Legal Subdivision: Sturm & Kollers Corr Add L4
  • Photos Count: 22
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
  • Multi Beds: 1
Multi Family
Multi-Family Information
  • Total Units: 5
Income & Expenses
  • Expenses: 3285
  • Gross Income: $46,500.00
Unit 1
  • Unit Kitchen: 200
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 1515 East Michigan 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 1515 East Michigan Street

Taxable ValueLand$8,900Additions$114,500Total$123,400
Tax Record2022$2,318 ($193 / month)
Home Facts
Total Finished SqFt2,774 SqFtAbove Grade Finished SqFt2,774 SqFtStories2Lot Size6,403 SqFtStyleTriplexYear Built1910ZoningZO01CountyMARIONAPN49-10-06-132-018.000-101

Schools near 1515 East Michigan Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Washington Irving School 14
Public - PK to 6
H.L. Harshman Magnet Middle School
Public - 7 to 8
Arsenal Technical High School
Public - 9 to 12
George Washington Community High School (9-12)
Public - 9 to 12
Rating
School
Distance
Washington Irving School 14
PublicPK to 6

H.L. Harshman Magnet Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

George Washington Community High School (9-12)
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.

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More information about 1515 East Michigan Street, Indianapolis, IN 46201

1515 East Michigan Street is a multi-family home for sale in Indianapolis, IN 46201. This property was listed for sale on March 6, 2024 by F.C. Tucker Company, it's currently listed at $419,000. It has been on the market for a total of 54 days and was last sold on May 13, 2016. This listing's school district is Indianapolis Public Schools. Nearby schools include Washington Irving School 14, H.L. Harshman Magnet Middle School and Arsenal Technical High School. 1515 East Michigan Street is a 0-bed, 0-bath, multi-family home built in 1910.

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.

Listing Courtesy of F.C. Tucker Company

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.