NOT LISTED FOR SALE

1657 S Delaware St Indianapolis, IN 46225

Old Southside Neighborhood

Estimated Value: $151,000 - $208,000

2 Beds
-- Bath
636 Sq Ft
$288/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $180,000 $283 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,184/month

49 Days on Market

About This Home

As of January 2024

*Update* - one side is leased for $1,100. Vacant side is now being marketed for $1,100. Welcome to this fantastic investment opportunity! This duplex, located just 8 minutes from downtown Indianapolis, is perfectly situated close to the popular Bates-Hendricks area and the historic Old Southside, both of which are experiencing a surge in new development and growth. With two 2-bedroom, 1-bathroom units, this property offers tremendous potential for investors and owner-occupants alike. *Highlights* - Only 10 minutes away from downtown Indianapolis. - Currently vacant and ready for your next tenants or live in one unit and rent out the other to significantly reduce your mortgage expenses. - Immense rent potential with the higher HUD rates for 2023. - Professional property management services available for smooth and hassle-free operations. - Perfect for Airbnb with good nightly rates or travel professional rentals with close proximity to IU Health, Eskenazi Health, and Riley Children's Hospital. *Recent Updates* - Kitchen Upgrades: Enjoy updated countertops, cabinets, and fixtures. - Brand new flooring has been installed and new paint throughout. - Foundation Work:Important foundation work has been completed, ensuring the long-term stability and structural integrity of the property. *Utilities* - Electric and gas are separately metered for each unit, allowing tenants to have control over their usage and payments. - Water is shared between both units, simplifying billing and management. *Schedule your showing today!*

Last Agent to Sell the Property

Mihir Bhimaraju

Real Broker, LLC Brokerage Email: mihirbhimaraju@welcomehomeindie.com Listed on: 11/06/2023

Last Buyer's Agent

Peter Stewart

Peter Stewart Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1900

Lot Details

  • 2,831 Sq Ft Lot

Home Design

  • Duplex
  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Community Details

  • Fennemans Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, lawncare
  • The owner pays for sewer, water
  • Tax Lot 56
  • Assessor Parcel Number 491113144040000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,440

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1900
  • Lot Size Acres: 0.07
  • Structure Type: Duplex
  • Subdivision Name: Fennemans
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: mihirbhimaraju@welcomehomeindie.com
  • Attribution Contact: mihirbhimaraju@welcomehomeindie.com
  • Special Features: None

Interior Features

  • Levels: One
  • Owner Pays: Sewer, Water
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • List Price: 190000
  • View Y N: No
  • Waterfront: No
  • Road Access: See Remarks

Garage/Parking

  • Unit Parking: Guest Parking

Utilities

  • Laundry Features: Connections All
  • Security Features: Smoke Alarm
  • Solid Waste: Yes

Fee Information

  • Expenses: 0

Lot Info

  • Lot Features: Access
  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Current Use: Residential, Vacant
  • Lot Size Sq Ft: 2831
  • Parcel Number: 491113144040000101
  • Zoning: residential
  • Acres: <1/4 Acre
  • Price Acre: 2571429

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Gas, Lawncare

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1440
  • Tax Lot: 56
  • Semi Annual Property Tax Amt: 720
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2023
Closed on
Jan 10, 2024
Sold by
F2m Llc
Bought by
Kunkler Mitchell and Kunkler Madison
Seller's Agent
Mihir Bhimaraju
Real Broker, LLC
Buyer's Agent
Peter Stewart
Peter Stewart Realty LLC
List Price
$190,000
Sold Price
$180,000
Premium/Discount to List
-$10,000
-5.26%
Total Days on Market
49
Views
94
Current Estimated Value
$183,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,262
Avg. Annual Appreciation
1.31%
Original Mortgage
$135,000
Outstanding Balance
$133,281
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$49,981

Purchase Details

Listed on
Jun 12, 2023
Closed on
Jul 13, 2023
Sold by
At Home In Indy Llc
Bought by
F2m Llc
Seller's Agent
Tasheana Hanza
Hanza Realty, LLC
Buyer's Agent
Tyler Lingle
@properties
List Price
$108,888
Sold Price
$93,500
Premium/Discount to List
-$15,388
-14.13%
Views
92

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
270.61%
Original Mortgage
$148,680
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2022
Sold by
Athena Paquette
Bought by
At Home In Indy Llc

Purchase Details

Listed on
Jun 22, 2021
Closed on
Sep 2, 2021
Sold by
Jla Indy Holdings Llc
Bought by
Home In Indy Llc
Seller's Agent
Phil Kirk
@properties
Buyer's Agent
Tyler Renick
Tyler Knows Real Estate LLC
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.21%
Original Mortgage
$109,900
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2018
Sold by
Allan Stromlund Christopher

Purchase Details

Closed on
Sep 16, 2016
Sold by
Oceanpointe Investments Limited
Bought by
Stromlund Christopher Allan and Stromlund Nikki Jo

Purchase Details

Closed on
Sep 15, 2016
Sold by
Bariy Investments Llc
Bought by
Oceanpointe Investments Limited

Purchase Details

Listed on
Jul 21, 2015
Closed on
May 26, 2016
Sold by
Reo Logic Indiana Holdings Llc
Bought by
Bariy Investments Llc
Seller's Agent
Todd Cook
Keller Williams Indy Metro S
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$14,000
Sold Price
$10,312
Premium/Discount to List
-$3,688
-26.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.58%

Purchase Details

Closed on
Jun 30, 2015
Sold by
Us Bank
Bought by
Reo Logic Indiana Holdings Llc

Purchase Details

Closed on
Jun 16, 2015
Sold by
Wedig Steven
Bought by
Us Bank and Tlcf 2012A Llc

Purchase Details

Closed on
Feb 28, 2006
Sold by
Dillehay Cynthia Ann
Bought by
Wedig Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in Indianapolis, IN

  • 2417 S State Ave, Indianapolis, IN 46203

    $145,000

    • 2 Beds
    • 1 Bath
    • 2417 S State Ave
    • Indianapolis, IN

    This double will need some TLC. Great income potential. Located on a busy street for easy rent

    Ted Hudnut TBH Realty and Management, Inc

    Section Image
  • 1110 N Rural St, Indianapolis, IN 46201

    $190,000

    • 4 Beds
    • 1110 N Rural St
    • Indianapolis, IN

    For more information please reach out to the listing agent directly if you are not currently represented by an agent. Great Brookside investment opportunity. Buy this house and live in one side and collect rent on the other or purchase it as an income property. One side is currently rented to a tenant who has been in place for 4 years and never late on rent. New vinyl siding, HVAC and roof in

    Barbara Whiteside Keller Williams Indy Metro NE

    Section Image
  • 27 S Chester Ave, Indianapolis, IN 46201

    $135,000

    • 1 Bed
    • 1 Bath
    • 27 S Chester Ave
    • Indianapolis, IN

    Fully tenanted duplex in Tuxedo Park. 1 bedroom / 1 bath per side. Property management in place with Twinship Property Management. 27 S Chester: Rented at $750/mo, lease expires 3/31/26. 29 S Chester: Rented at $675/mo, lease expires 5/31/25. Photos are of one unit. Similar finishes/condition on other side.

    Joshua Carpenter Trueblood Real Estate

    Section Image
  • 1310 N Oakland Ave, Indianapolis, IN 46201

    $159,900

    • 4 Beds
    • 1310 N Oakland Ave
    • Indianapolis, IN

    Multi-family investing awaits on this Duplex in bustling Brookside Park District. Quickly travel to Pogue's Run, Brookside Park frisbee golf, shopping, nearby attractions, Irvington, Downtown Indy, interstate access & more. Capture increasing rent growth & price appreciation in this bustling area. Nearly turnkey with some finishing touches remaining. Well-planned private enclosed yard with

    Chris Price Keller Williams Indy Metro S

    Section Image
  • 526 N Centennial St, Indianapolis, IN 46222

    $135,000

    • 1 Bed
    • 1 Bath
    • 526 N Centennial St
    • Indianapolis, IN

    Great investment opportunity on the Near Westside! This duplex at 526 N Centennial St offers two 1-bed, 1-bath units with a combined 1,536 square feet. Sold as-is. Bring your contractor and ideas-this one has solid bones and endless potential. Whether you're looking to fix and hold as a rental or convert it into a single-family home, the layout gives you options. It needs work, but the

    Terry Young Red Bridge Real Estate

    Section Image
  • 307 N Euclid Ave, Indianapolis, IN 46201

    $190,000

    • 3 Beds
    • 1 Bath
    • 307 N Euclid Ave
    • Indianapolis, IN

    Unique opportunity in the heart of Indy! This spacious home features a 3 bed, 1 bath layout on the main level and a 2 bed, 1 bath unit upstairs-perfect for multi-generational living, house hacking, or investment potential. The main level boasts generous living and dining areas, while the upstairs unit includes its own private entrance, full bath, and kitchen setup. Whether you're looking to live

    Andrew Taylor Real Broker, LLC

    Section Image
  • 2507 Rader St, Indianapolis, IN 46208

    $149,900

    • 1 Bed
    • 1 Bath
    • 2507 Rader St
    • Indianapolis, IN

    INVESTOR SPECIAL! Note: this is a package of three structures (2 parcels) containing a single family home, duplex and corner shop. Single is a 1 bed, 1 bath. Duplex has 2, 1 bedroom units (possibly could be converted into 2 bedrooms). Shopfront on the corner is spacious and provides several different possibilities. All structures need work, but are priced accordingly.

    Barry Hines Realty Wealth Advisors

    Section Image
  • 2862 Highland Place, Indianapolis, IN 46208

    $215,000

    • 2 Beds
    • 1 Bath
    • 2862 Highland Place
    • Indianapolis, IN

    Great investment opportunity in an increasingly popular area. 2bd 1bath both sides with fresh, modern updates. One side is leased making this an instant cash flowing property. Numerous ceiling fans, formal dining room and ample natural light make for very comfortable living! Large backyard creates numerous possibilities.

    Virginia Iozzo Epique Inc

    Section Image
  • 638 Eugene St, Indianapolis, IN 46208

    $142,000

    • 1 Bed
    • 1 Bath
    • 638 Eugene St
    • Indianapolis, IN

    ** Highly Motivated Seller!** NO REALTOR SIGN IN THE YARD Duplex with 1 bed, 1 bath, living room and kitchen on each side in the near West side . This property was recently renovated with newer kitchen, bathroom on both sides. Fresh paint throughout property with NEW Vinyl Water-proof flooring. HVAC and Hotwater heaters are also newer in both units. Some electrical and plumbing updates were

    Kendrick Major Alliance Enterprise Services, LLC

    Section Image
See All Homes in Indianapolis

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kunkler Mitchell $180,000 Investors Title
F2m Llc $93,500 Investors Title
At Home In Indy Llc -- Jinks Jeffrey J
Home In Indy Llc $95,000 Chicago Title
-- $50,000 --
Jla Indy Holdings Llc $49,999 Monument Title Insurance Compa
Stromlund Christopher Allan -- Attorney
Oceanpointe Investments Limited -- Attorney
Bariy Investments Llc $11,660 None Available
Reo Logic Indiana Holdings Llc -- None Available
Us Bank $3,100 None Available
Wedig Steven -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kunkler Mitchell $135,000
Previous Owner F2m Llc $148,680
Previous Owner Paquette Athena $112,500
Previous Owner Home In Indy Llc $109,900
Previous Owner Wedig Steven $47,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $180,000 -5.3% $283 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
12/19/2023 12/19/23 For Sale $190,000 0.0% $299 / Sq Ft
11/30/2023 11/30/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $190,000 0.0% $299 / Sq Ft
11/12/2023 11/12/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $190,000 +103.2% $299 / Sq Ft
07/12/2023 07/12/23 Sold $93,500 -14.1% $147 / Sq Ft
06/18/2023 06/18/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $108,888 +14.6% $171 / Sq Ft
09/03/2021 09/03/21 Sold $95,000 0.0% $149 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/06/2021 07/06/21 For Sale -- -- --
06/23/2021 06/23/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $95,000 0.0% $149 / Sq Ft
06/18/2018 06/18/18 Rented $650 0.0% --
05/28/2018 05/28/18 For Rent $650 0.0% --
05/27/2016 05/27/16 Sold $10,312 -26.3% $16 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
07/21/2015 07/21/15 For Sale $14,000 -- $22 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $2,546 $183,100 $6,300 $176,800
2023 $2,546 $102,300 $6,300 $96,000
2022 $1,905 $115,300 $6,300 $109,000
2021 $1,553 $62,300 $6,300 $56,000
2020 $1,418 $56,300 $6,300 $50,000
2019 $1,137 $43,400 $3,000 $40,400
2018 $1,121 $42,400 $3,000 $39,400
2017 $963 $40,200 $3,000 $37,200
2016 $3,771 $37,600 $3,000 $34,600
2014 $752 $34,800 $3,000 $31,800
2013 $732 $32,200 $3,000 $29,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mihir Bhimaraju

    Real Broker, LLC

    2 in this area

    28 Total Sales

    Mihir Bhimaraju
    Section Image
  • Peter Stewart

    Buyer's Agent in 2024

    Peter Stewart

    Peter Stewart Realty LLC

    (317) 450-9202

    10 in this area

    431 Total Sales

    Section Image
  • Tasheana Hanza

    Seller's Agent in 2023

    Tasheana Hanza

    Hanza Realty, LLC

    (317) 800-4438

    2 in this area

    136 Total Sales

    Tasheana Hanza
    Section Image
  • Tyler Lingle

    Buyer's Agent in 2023

    Tyler Lingle

    @properties

    (317) 443-5258

    2 in this area

    144 Total Sales

    Tyler Lingle
    Section Image
  • Phil Kirk

    Seller's Agent in 2021

    Phil Kirk

    @properties

    (317) 250-5261

    1 in this area

    99 Total Sales

    Phil Kirk
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Andrew Kirk

    @properties

    (317) 250-5264

    1 in this area

    106 Total Sales

    Andrew Kirk
    Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21951798

MIBOR Broker Listing Cooperative®

APN: 49-11-13-144-040.000-101

Indiana Marion County Indianapolis 46225 Old Southside

1657 S Delaware St, Indianapolis, IN

This home is located at 1657 S Delaware St, Indianapolis, IN 46225 since 06 November 2023 and is currently estimated at $183,262, approximately $288 per square foot. This property was built in 1900. 1657 S Delaware St is a home located in Marion County with nearby schools including James A. Garfield School 31, Arsenal Technical High School, and George Washington Community High School (9-12).

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® 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.

Nearby Homes