5244 Shelbyville Road

Indianapolis, IN 46237

$389,000
Price
Beds
3,270 Sq. Ft.
$119 / Sq. Ft.
3,270
Sq. Ft.
$119
per Sq. Ft.

Description

Located at 5244 Shelbyville Rd. Just minutes away from Emerson Avenue exit on 465, this property has been permitted for nine lots, 18 condos. Please see attached blueprints. These are to be built by buyer. Location is excellent, very established well kept neighborhoods, with national and retail shopping conveniently located within minutes, airport is 30 minutes. Everything has been done, survey, blue prints, permits, just bring your builder! Tenant house on property is a Brick 3 Bed 1 1/2 Bath with...Located at 5244 Shelbyville Rd. Just minutes away from Emerson Avenue exit on 465, this property has been permitted for nine lots, 18 condos. Please see attached blueprints. These are to be built by buyer. Location is excellent, very established well kept neighborhoods, with national and retail shopping conveniently located within minutes, airport is 30 minutes. Everything has been done, survey, blue prints, permits, just bring your builder! Tenant house on property is a Brick 3 Bed 1 1/2 Bath with attached garage, could keep tenants while preparing the ground. Or maybe you would love a house with acreage, a rarity in this area. This one has everything one needs close by, is it the perfect place for you?
  1. Listed by Todd Sacksteder • S & W Real Estate LLC • toddsacksteder@sbcglobal.net

Property Details for 5244 Shelbyville Road

Township
Franklin
Waterfront
No
Zoning
Multi Family

Location

Listing Courtesy of S & W Real Estate LLC
Add your commute
LISTING UPDATED: 04/18/2024 06:48 PM

Property Details for 5244 Shelbyville Road

StatusActive
MLS #21974479
Days on Market15
Taxes$2,144 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built-
Lot Size3.00 AC / 130,680 SF
CountyMarion County

Location

Listing Courtesy of S & W Real Estate LLC
Add your commute

Building Information for 5244 Shelbyville Road

Stories-Residences18Year Built-Building Size-Lot Size3.00 AC / 130,680 SF

Payment Calculator

$2,480 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,123

Property Taxes

$357

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5244 Shelbyville Road

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46237
  • Postal Code Plus4: 2603
  • Road Access: See Remarks
  • Road Frontage Type: See Remarks
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491503152023000300
  • Semi Annual Property Tax Amt: 2144
  • Tax Year: 2023
  • TaxLot: 49-15-03152-023.000-300
School Information
  • High School: Franklin Central High School
  • Middle Or Junior School: Franklin Central Junior High
  • School District: Franklin Township Com Sch Corp
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: 3-5 Acres
  • Construction Stage: Permit on File,See Remarks
  • Current Use: Residential
  • Lot Description: See Remarks
  • Lot Size Square Feet: 130680.0
  • Lot Size Acres: 3.0
  • New Construction: True
  • Possible Use: See Remarks
  • Space Available: 3270
  • Sq Ft Total: 3270.0
  • Living Area Source: Plans
  • Maximum Contiguous Square Feet: 29430
Property and Assessments
  • Affected by Disclosures: No
  • Legal Subdivision: Beg 1549.16Ft W Of Ne Cor Pt Sw1/4 S3 T14 R4 S796.35Ft Nw 100.99Ft N 745.95Ft E 87.5Ft 1.55Ac 49-15-03-152-003.000-300 BEG 1636.66FT W OF NE COR SW 1/4 S3 T14 R4 745.95FTEL 100.95FT SWL 87.5FT NL PT SW 1/4 S3 T14 R41
  • Photos Count: 44
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: See Remarks
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Utilities: Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Roof: See Remarks
Interior Features
  • Basement YN: No
  • Levels: One
Multi Family
Multi-Family Information
  • Total Units: 18
  • Garage Parking: 1 Car Garage, 2 Car Garage, 2 Car Space
Unit 1
  • Unit Kitchen: 9x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Rental
Rental Information
  • Multi Tenants: Yes

Property History for 5244 Shelbyville Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5244 Shelbyville Road

Taxable ValueLand$34,100Additions$177,300Total$211,400
Tax Record2022$4,288 ($357 / month)
Home Facts
Beds3Total Finished SqFt1,526 SqFtAbove Grade Finished SqFt1,526 SqFtStories1Lot Size67,518 SqFtStyleSingle Family ResidenceYear Built1961CountyMARIONAPN49-15-03-152-023.000-300Fireplace TypeHas Fireplace

Schools near 5244 Shelbyville Road

This home is within Franklin Township Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 7 to 8
Public - 9 to 12
Public - K to 3
Rating
School
Distance
Arlington Elementary School
PublicK to 3

Franklin Central Junior High
Public7 to 8

Franklin Central High School
Public9 to 12

Bunker Hill Elementary School
PublicK to 3

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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5244 Shelbyville Road is a multi-family home for sale in Indianapolis, IN 46237. This property was listed for sale on April 18, 2024 by S & W Real Estate LLC, it's currently listed at $389,000. It has been on the market for a total of 15 days and was last sold on August 29, 2014. This listing's school district is Franklin Township Com Sch Corp. Nearby schools include Arlington Elementary School, Franklin Central Junior High and Franklin Central High School. 5244 Shelbyville Road is a 0-bed, 0-bath, 3,270 sqft multi-family home.

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 S & W Real Estate LLC

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.