1618 E 24th St Muncie, IN 47302
Southside NeighborhoodEstimated payment $647/month
Total Views
38,436
2
Beds
1
Bath
936
Sq Ft
$107
Price per Sq Ft
Highlights
- Wood Flooring
- Woodwork
- Central Air
- No HOA
- 1-Story Property
- Combination Kitchen and Dining Room
About This Home
Cash flowing 2 bed 1 bath home on Muncie's Southside. Updated 2/1 completed in 2022, new flooring in living room and kitchen, updated appliances and fresh paint inside and out. Current rent is $1190 a month at 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. "The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4).8 Personal income is expected to increase 3.4% through 2027". Property is being offered as part of a 2 unit package, 2nd property is at 1619 E 20th. An additional 4 unit package is also available, addresses and financials included in attached documents. Seller will not work with wholesalers or consider creative finance options. Reach out to listing agent for more information or to arrange showings. Proof of funds and 24hr notice required for all showings.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,140
Year Built
- Built in 1956
Lot Details
- 7,830 Sq Ft Lot
Parking
- Carport
Home Design
- Wood Siding
- Aluminum Siding
Interior Spaces
- 936 Sq Ft Home
- 1-Story Property
- Woodwork
- Combination Kitchen and Dining Room
- Wood Flooring
- Crawl Space
- Electric Oven
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Central Air
- Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 24
- Assessor Parcel Number 181122476039000003
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,134 | $50,800 | $10,400 | $40,400 |
| 2023 | $1,141 | $50,800 | $10,400 | $40,400 |
| 2022 | $645 | $51,300 | $10,400 | $40,900 |
| 2021 | $565 | $44,500 | $7,000 | $37,500 |
| 2020 | $554 | $44,500 | $7,000 | $37,500 |
| 2019 | $987 | $43,100 | $7,000 | $36,100 |
| 2018 | $499 | $43,100 | $7,000 | $36,100 |
| 2017 | $489 | $42,500 | $7,000 | $35,500 |
| 2016 | $517 | $43,800 | $7,000 | $36,800 |
| 2014 | $432 | $44,600 | $7,000 | $37,600 |
| 2013 | -- | $44,200 | $7,000 | $37,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2025 07/12/25 | For Sale | $100,000 | 0.0% | $107 / Sq Ft |
| 06/28/2025 06/28/25 | Pending | -- | -- | -- |
| 06/24/2025 06/24/25 | Price Changed | $100,000 | -50.0% | $107 / Sq Ft |
| 04/17/2025 04/17/25 | For Sale | $200,000 | +376.2% | $214 / Sq Ft |
| 08/04/2022 08/04/22 | Sold | $42,000 | 0.0% | $45 / Sq Ft |
| 07/05/2022 07/05/22 | Pending | -- | -- | -- |
| 06/30/2022 06/30/22 | Price Changed | $42,000 | -6.7% | $45 / Sq Ft |
| 06/30/2022 06/30/22 | Price Changed | $45,000 | -13.5% | $48 / Sq Ft |
| 06/23/2022 06/23/22 | Price Changed | $52,000 | -5.5% | $56 / Sq Ft |
| 06/18/2022 06/18/22 | For Sale | $55,000 | -- | $59 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $42,000 | Smith James W | |
| Warranty Deed | -- | None Available | |
| Sheriffs Deed | $22,876 | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $96,472 | Credit Line Revolving | |
| Previous Owner | $52,475 | FHA |
Source: Public Records
Similar Homes in Muncie, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22033416
APN: 18-11-22-476-039.000-003
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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