$45,000
SOLD MAY 19, 2025

1215 E 28th St Anderson, IN 46016

5 Beds
2 Baths
2,191 Sq Ft
6,490 Sq Ft Lot

Recently Sold

$21 Per Sq Ft

40% Below List Price

43 Days on Market

About This Home

As of May 2025

Investor Alert! Opportunity knocks with this spacious corner-lot triplex in Anderson, IN!! A major fixer-upper, this property is perfect for investors looking to renovate and generate strong cash flow or flip for a profitable return. With a flexible unit mix-one 3-bedroom, 1.5-bath unit and two 1-bedroom, 1-bath units-this property is a complete rehab project inside and out, offering a blank canvas for those with vision and expertise. Located in a prime, central location, this property is just blocks from St. Vincent Hospital and a quick five-minute drive to downtown Anderson, Anderson University, and Harrah's Casino. Additionally, it's within 10 minutes of multiple golf courses and Mounds State Park, further enhancing its rental appeal. Anderson is undergoing significant revitalization, with hundreds of millions of dollars in investment fueling growth and appreciation. Now is the ideal time to secure a high-potential property in a market poised for long-term gains! Cash or hard money financing only, and no seller financing. Property sold as-is.

Last Agent to Sell the Property

Peter Stewart

Keller Williams Indpls Metro N Brokerage Email: peter@peterstewartrealty.com License #RB15000083 Listed on: 03/17/2025

Keller Williams Indpls Metro N

Last Buyer's Agent

Samuel Schlagel

F.C. Tucker/Thompson

F.C. Tucker/Thompson

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $856

Year Built

  • Built in 1926

Home Design

  • Triplex
  • Traditional Architecture
  • Fixer Upper

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • 2-Story Property
  • 6,490 Sq Ft Lot
  • No Heating
  • Unfinished Basement

Community Details

  • Pences East Lynn Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 481219201180000003
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$856

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1926
  • Lot Size Acres: 0.15
  • Structure Type: Triplex
  • Subdivision Name: Pences East Lynn
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: peter@peterstewartrealty.com
  • Attribution Contact: peter@peterstewartrealty.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Fencing: Chain Link, Partial
  • Property Condition: Fixer
  • View Y N: No
  • Waterfront: No
  • Road Access: Not Applic

Utilities

  • Cooling: None
  • Heating: No Heating
  • Solid Waste: Yes

Lot Info

  • Additional Parcels: No
  • Current Use: Apt<20
  • Lot Size Sq Ft: 6490
  • Parcel Number: 481219201180000003
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 856
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 428

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2025
Closed on
May 19, 2025
Sold by
Grupo Paliska Llc
Bought by
Beach Devin
Seller's Agent
Peter Stewart
Keller Williams Indpls Metro N
Buyer's Agent
Samuel Schlagel
F.C. Tucker/Thompson
List Price
$75,000
Sold Price
$45,000
Premium/Discount to List
-$30,000
-40%
Views
70
Current Estimated Value
$48,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,466
Avg. Annual Appreciation
11.53%

Purchase Details

Closed on
Apr 25, 2024
Sold by
Set Sail Investments Llc
Bought by
Grupo Paliska Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
6.87%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 23, 2024
Sold by
Chof Indiana Homes Llc
Bought by
Set Sail Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
6.87%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 7, 2021
Sold by
Holloway Jeffrey Lee and Holloway Sandra
Bought by
Chofindiana Homes Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Warranty Deed $45,000 Chicago Title
Warranty Deed -- Absolute Title Inc
Quit Claim Deed -- Absolute Title Inc
Warranty Deed -- American Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $297,500 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2025 05/19/25 Sold $45,000 -30.8% $21 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/02/2025 04/02/25 Price Changed $65,000 -13.3% $30 / Sq Ft
03/17/2025 03/17/25 For Sale $75,000 -- $34 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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
2025 $849 $38,300 $4,500 $33,700
2024 $849 $38,200 $4,500 $33,700
2023 $857 $38,300 $4,800 $33,500
2022 $866 $38,700 $4,700 $34,000
2021 $862 $38,300 $5,000 $33,300
2020 $865 $54,900 $5,000 $49,900
2019 $1,208 $53,400 $5,000 $48,400
2018 $1,124 $48,700 $5,000 $43,700
2017 $964 $48,200 $5,000 $43,200
2016 $964 $48,200 $5,000 $43,200
2014 $956 $47,800 $5,000 $42,800
2013 $956 $47,800 $5,000 $42,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22027084

MIBOR Broker Listing Cooperative®

APN: 48-12-19-201-180.000-003