$175,000
SOLD APR 11, 2025

1055 Delphi Ave Frankfort, IN 46041

4 Beds
2.5 Baths
1,964 Sq Ft
0.32 Acres

Recently Sold

$89 Per Sq Ft

7% Below List Price

6 Days on Market

Highlights

  • Covered patio or porch
  • Laundry in Utility Room
  • Forced Air Heating and Cooling System
  • Covered Deck
  • Luxury Vinyl Tile Flooring
  • 1-Story Property

About This Home

As of April 2025

Discover this well-maintained duplex at 1055-1057 Delphi Ave, Frankfort, IN, offering two spacious 2-bedroom, each 982 sq. ft. Ideal for investors or owner-occupants looking for rental income.

Last Agent to Sell the Property

Alex Risse

Risse Realty Brokerage Phone: 765-654-8892 Listed on: 03/17/2025

Co-Listed By

Greg Risse

Risse Realty Brokerage Phone: 765-654-8892

Last Buyer's Agent

Alex Risse

Risse Realty Brokerage Phone: 765-654-8892 Listed on: 03/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,009

Year Built

  • Built in 1975

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 66x215

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,964 Sq Ft Home
  • 1-Story Property
  • Laminate Countertops
  • Laundry in Utility Room

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Covered Deck
  • Covered patio or porch

Schools

  • Suncrest Elementary School
  • Frankfort Middle School
  • Frankfort High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, trash collection, water
  • Assessor Parcel Number 12-10-03-200-005.000-021

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,009

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1975
  • Age: 50
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT SW NE 3-21-1W .33A
  • Parcel Number ID: 12-10-03-200-005.000-021
  • Platted: Yes
  • Amenities: Countertops-Laminate, Deck Covered, Porch Covered, Water Heater Gas
  • Sp Lp Percent: 92.59
  • Monthly Gross Income: 175
  • Year Taxes Payable: 2024 Pay 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 1964
  • Total Finished Sq Ft: 1964
  • Above Grade Finished Sq Ft: 1964
  • Price Per Sq Ft: 89.1
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Vinyl Tile
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Brick
  • Stories: 1
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Community Schools of Frankfort
  • Elementary School: Suncrest
  • Middle School: Frankfort
  • High School: Frankfort
  • Elementary School: Suncrest

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 66x215
  • Estimated Lot Sq Ft: 13939
  • Estimated Lot Size Acres: 0.32

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Electric, Heating, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1750
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 4009

MLS Schools

  • High School: Frankfort
  • Middle School: Frankfort
  • School District: Community Schools of Frankfort

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2021
Sold by
Weber Stephen and Weber Phyllis
Bought by
Weber Stephen M and Weber Phyllis
Total Days on Market
6

Purchase Details

Closed on
Dec 12, 2016
Sold by
Clinton County
Bought by
Weber Stephen and Weber Phyllis
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $20,400 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $24,573 New Conventional
Closed $30,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Off Market $1,100 -- --
04/16/2025 04/16/25 For Rent $1,100 0.0% --
04/11/2025 04/11/25 Sold $175,000 -7.4% $89 / Sq Ft
03/23/2025 03/23/25 Pending -- -- --
03/17/2025 03/17/25 For Sale $189,000 -- $96 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,009 $178,700 $13,400 $165,300
2023 $3,541 $154,300 $13,400 $140,900
2022 $2,859 $126,400 $13,400 $113,000
2021 $2,023 $96,100 $13,400 $82,700
2020 $2,387 $102,400 $13,400 $89,000
2019 $2,390 $102,400 $13,400 $89,000
2018 $2,379 $102,400 $13,400 $89,000
2017 $2,181 $92,800 $13,000 $79,800
2016 $2,113 $91,300 $13,000 $78,300
2014 $1,803 $89,900 $13,000 $76,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202508647

Indiana Regional MLS

APN: 12-10-03-200-005.000-021