4841 East Terrace Avenue

Indianapolis, IN 46203

$250,000
Price
2
Beds
1
Bath
780 Sq. Ft.
$321 / Sq. Ft.
780
Sq. Ft.
$321
per Sq. Ft.

Description

Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage. The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles....Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage. The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.
  1. Listed by Sherry Minkis • Sherry Minkis • sherryminkis@gmail.com
  2. Listed by Sherry Minkis

Property Details for 4841 East Terrace Avenue

Architectural Style
TraditonalAmerican
Subdivision Name
Emerson Terrace
Township
Center SE
Waterfront
No

Location

Listing Courtesy of Sherry Minkis
Add your commute
LISTING UPDATED: 01/06/2024 05:32 PM

Property Details for 4841 East Terrace Avenue

StatusActive
MLS #21958088
Days on Market121
Taxes$788 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1947
Lot Size0.34 AC / 14,810 SF
CountyMarion County

Location

Listing Courtesy of Sherry Minkis
Add your commute

Building Information for 4841 East Terrace Avenue

Stories-Year Built1947Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

$1,496 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$131

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4841 East Terrace Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 491016124026000101
  • Semi Annual Property Tax Amt: 788
  • Tax Year: 2023
  • Additional Parcels Description: L43
  • TaxLot: L42, L42
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: Yes
  • Garage Spaces: 1.0
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Lot Size Square Feet: 14976.0
  • Lot Size Acres: 0.34
  • Main Level SqFt: 780
  • New Construction: False
  • Sqft Total: 780.0
  • Sq Ft Total: 780.0
  • Year Built Numeric: 1947
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Legal Subdivision: Emerson Terrace L41-L42
  • Photos Count: 25
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
  • Water Source: Municipal/City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Exterior Features: Out Building With Utilities, Storage Shed
  • Foundation Details: Slab
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Electric Cooktop, Refrigerator
  • Basement YN: No
  • Cooling: Central Electric
  • Eating Area: Dining Combo/Kitchen
  • Heating: Forced Air
  • Interior Features: Eat-in Kitchen
  • Levels: One
  • Room List: Primary Bedroom
  • Room and Features: Primary Bedroom-Main-Carpet
  • Spa: No
  • Main Level Bedrooms: 2
  • Laundry Features: Connections All
  • Num Bedrooms Upper: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 4
  • Rooms Total MU: 4
  • Total Rooms: 4
Room 1
  • Room Level: Main
  • Room Dimensions: 16x11
  • Room Features: Carpet
  • Room Type: Primary Bedroom
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Count: 1
  • Full Baths Main: 1
  • Full Baths MU: 1
  • Full Baths Upper: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2

Property History for 4841 East Terrace Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4841 East Terrace Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frederick Douglass School 19
PublicK to 8

Arlington Community Middle School
Public7 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.

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4841 East Terrace Avenue is a single family home for sale in Indianapolis, IN 46203. This property was listed for sale on December 30, 2023 by Sherry Minkis, it's currently listed at $250,000. This listing's school district is Indianapolis Public Schools. Nearby schools include Frederick Douglass School 19, Arlington Community Middle School and George Washington Community High School (9-12). 4841 East Terrace Avenue is a 2-bed, 1-bath, 780 sqft single family home built in 1947.

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 Sherry Minkis

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.