3753 North Meridian Street

Indianapolis, IN 46205

$2,000,000
Price
Beds
17,820 Sq. Ft.
$112 / Sq. Ft.
17,820
Sq. Ft.
$112
per Sq. Ft.

Description

Presenting a prime investment: a 19-unit commercial apartment building at 3753 N Meridian St, Indianapolis, IN 46208, listed at $2,250,000. Strategically located 5 miles north of Downtown, offering easy access to amenities and public transportation. The property is versatile for various investment strategies, with its proximity to the Redline route catering to a diverse tenant base. Boasting a competitive price of $118,421 per unit, it presents a unique opportunity for customization and enhancement....Presenting a prime investment: a 19-unit commercial apartment building at 3753 N Meridian St, Indianapolis, IN 46208, listed at $2,250,000. Strategically located 5 miles north of Downtown, offering easy access to amenities and public transportation. The property is versatile for various investment strategies, with its proximity to the Redline route catering to a diverse tenant base. Boasting a competitive price of $118,421 per unit, it presents a unique opportunity for customization and enhancement. Seize this rare chance to own a strategically located commercial property in the heart of Indianapolis.
  1. Listed by Devan Lunceford • Elite Indy Realty Group • devan@devanlunceford.com

Property Details for 3753 North Meridian Street

Township
Center
Zoning
COMM APT 4-19

Location

Listing Courtesy of Elite Indy Realty Group
Add your commute
LISTING UPDATED: 05/16/2024 02:07 PM

Property Details for 3753 North Meridian Street

StatusActive
MLS #21964574
Days on Market62
Taxes$4,366 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1910
Lot Size0.53 AC / 23,086 SF
CountyMarion County

Location

Listing Courtesy of Elite Indy Realty Group
Add your commute

Building Information for 3753 North Meridian Street

Stories-Residences19Year Built1910Building Size-Lot Size0.53 AC / 23,086 SF

Payment Calculator

$11,642 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$728

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3753 North Meridian Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 4354
  • Road Access: Frontage Road,Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490624162018000101
  • Semi Annual Property Tax Amt: 4366
  • Tax Year: 2022
  • TaxLot: 3503/1
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Gas, Insurance, Lawncare, Taxes, Sewer, Trash Collection, Water
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Apt<20
  • Lot Description: Access, Busline, Sidewalks
  • Lot Size Square Feet: 23120.0
  • Lot Size Acres: 0.53
  • New Construction: False
  • Possible Use: Apt<20
  • Space Available: 17820
  • Structure Type: Apartment Building
  • Sq Ft Total: 17820.0
  • Year Renovated: 2023
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Legal Subdivision: 50Ft On Meridian St X 300Ft Sl Beg 695Ft E &366.5Ft S Of Nw Cor Nw 1/4 S24 T16n R3e Also50ft Wl X 52.34Ft Nl Beg 942.66Ft S &
  • Photos Count: 77
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt, Concrete
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Utilities: Electricity Connected, Gas, Sep Electric Meter, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
Interior Features
  • Basement Description: Cellar, Daylight/Lookout Windows, Egress Window(s), Full, Storage Space, Unfinished
  • Basement YN: Yes
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric, Hot Water
  • Levels: Three Or More
Multi Family
Multi-Family Information
  • Total Units: 19
Unit 1
  • Unit Kitchen: 200
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,No Equip
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Multi Tenants: Yes
  • Tenant Pays: Electricity, Insurance

Property History for 3753 North Meridian 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 3753 North Meridian Street

Taxable ValueLand$112,300Additions$463,600Total$575,900
Tax Record2023$13,660 ($1,138 / month)
Home Facts
Total Finished SqFt17,820 SqFtAbove Grade Finished SqFt17,820 SqFtStories3Lot Size23,120 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyMARIONAPN49-06-24-162-018.000-101

Schools near 3753 North Meridian 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 - 9 to 12
Rating
School
Distance
James Whitcomb Riley School 43
PublicPK to 8

Arsenal Technical High School
Public9 to 12

Shortridge 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.

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3753 North Meridian Street is a multi-family home for sale in Indianapolis, IN 46205. This property was listed for sale on February 18, 2024 by Elite Indy Realty Group, it's currently listed at $2,000,000. It has been on the market for a total of 62 days and was last sold on December 19, 2016. This listing's school district is Indianapolis Public Schools. Nearby schools include James Whitcomb Riley School 43, George Washington Community High School (9-12) and Arsenal Technical High School. 3753 North Meridian Street is a 0-bed, 0-bath, 17,820 sqft 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 Elite Indy Realty Group

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.