1657 S Delaware St Indianapolis, IN 46225
Old Southside Neighborhood
--
Bed
--
Bath
636
Sq Ft
2,831
Sq Ft Lot
About This Home
As of July 2025*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
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2025
Closed on
Jul 25, 2025
Sold by
Kunkler Mitchell and Kunkler Madison
Bought by
Muhammad Altaf
Seller's Agent
Peter Stewart
Keller Williams Indpls Metro N
Buyer's Agent
Trent Kiester
@properties
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
164.69%
Original Mortgage
$135,000
Outstanding Balance
$135,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$61,480
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%
Views
94
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$135,000
Interest Rate
7.03%
Mortgage Type
New Conventional
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
20.03%
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
37.52%
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
Similar Homes in Indianapolis, IN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | $180,000 | Investors Title | |
| Warranty Deed | $93,500 | Investors Title | |
| Warranty Deed | -- | Jinks Jeffrey J | |
| Warranty Deed | $95,000 | Chicago Title | |
| Deed | $50,000 | -- | |
| Deed | $49,999 | Monument Title Insurance Compa | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | -- | Attorney | |
| Special Warranty Deed | $11,660 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $3,100 | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $135,000 | New Conventional | |
| Previous Owner | $135,000 | New Conventional | |
| Previous Owner | $148,680 | New Conventional | |
| Previous Owner | $112,500 | New Conventional | |
| Previous Owner | $109,900 | New Conventional | |
| Previous Owner | $47,600 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Sold | $180,000 | -4.8% | $283 / Sq Ft |
| 06/27/2025 06/27/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | For Sale | $189,000 | +5.0% | $297 / Sq Ft |
| 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
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
-
Peter Stewart
Seller's Agent in 2025
Peter Stewart
Keller Williams Indpls Metro N
(317) 450-9202
12 in this area
438 Total Sales
-
Trent Kiester
T
Buyer's Agent in 2025
Trent Kiester
@properties
(317) 650-6289
2 in this area
43 Total Sales
-
Mihir Bhimaraju
M
Seller's Agent in 2024
Mihir Bhimaraju
Real Broker, LLC
3 in this area
36 Total Sales
-
Tasheana Hanza
Seller's Agent in 2023
Tasheana Hanza
Hanza Realty, LLC
(317) 800-4438
2 in this area
129 Total Sales
-
Tyler Lingle
Buyer's Agent in 2023
Tyler Lingle
@properties
(317) 443-5258
2 in this area
157 Total Sales
-
Phil Kirk
Seller's Agent in 2021
Phil Kirk
@properties
(317) 250-5261
1 in this area
92 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21951798
APN: 49-11-13-144-040.000-101
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