NOT LISTED FOR SALE

2425 E Michigan St Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated Value: $128,466

Studio
-- Bath
-- Sq Ft
10,053 Sq Ft Lot Lot

Sale Details

Date Sold: February 2, 2024

Last sale price $120,000

Est. 7% increase in value since last sale

Current estimated payment $821 / mo

10 Days on Market

About This Home

As of February 2024

Situated in an Opportunity Zone this property offers investors the chance to maximize returns post redevelopment with tax incentives. Multifamily, retail, or office redevelopment all permitted. Area surrounding the property is quicky changing and on a clear upward trajectory, large appreciation potential post development. Easy access and close proximity to public transportation traveling to downtown and other surrounding areas of Indianapolis. Just moments from Downtown Indianapolis and surrounded by numerous employers, this location is in high rental demand. Flexible MU-2 zoning classification allows for an investor to be creative in finding the highest and best use for the property.

Last Agent to Sell the Property

Wes Short

Dropped Members Brokerage Email: wshort@bradleyco.com License #RB17001000 Listed on: 11/29/2023

Last Buyer's Agent

Kimberly Yarrell

Triple E Realty, LLC

Triple E Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 10,053

Home Design

  • Quadruplex
  • Fixer Upper

Additional Features

  • 2-Story Property
  • 10,053 Sq Ft Lot

Community Details

  • Eastside Subdivision

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 491005187118000101

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

10,053 Sq Ft Lot

Listing Details

  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1920
  • Lot Size Acres: 0.23
  • Subdivision Name: Eastside
  • Transaction Type: Sale
  • Conversion: Yes
  • MBR_AttributionContact: wshort@bradleyco.com
  • Attribution Contact: wshort@bradleyco.com
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Disclosures: Not Applicable
  • Property Condition: Fixer
  • Road Access: Frontage Road

Utilities

  • Solid Waste: Yes

Lot Info

  • Property Attached Yn: Yes
  • Current Use: Apt<20
  • Lot Size Sq Ft: 10053
  • Parcel Number: 491005187118000101
  • Zoning: MU2
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 3450
  • Tax Lot: 101
  • Semi Annual Property Tax Amt: 1725

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Jan 31, 2024
Sold by
Bought by
Seller's Agent
Wes Short
Dropped Members
Buyer's Agent
Kimberly Yarrell
Triple E Realty, LLC
List Price
$119,000
Sold Price
$120,000
Premium/Discount to List
$1,000
0.84%
Views
61
Current Estimated Value
$128,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,466
Avg. Annual Appreciation
2.97%

Purchase Details

Listed on
Nov 29, 2023
Closed on
Jan 26, 2024
Sold by
Bought by
Seller's Agent
Wes Short
Dropped Members
Buyer's Agent
Kimberly Yarrell
Triple E Realty, LLC
List Price
$119,000
Sold Price
$120,000
Premium/Discount to List
$1,000
0.84%
Views
61

Purchase Details

Closed on
Nov 12, 2020
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 2020
Sold by
Bought by

Purchase Details

Closed on
Sep 18, 2020
Sold by
Bought by

Purchase Details

Closed on
Aug 28, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 2014
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Investors Title
$120,000 Investors Title
-- None Listed On Document
-- None Listed On Document
$160,000 First American Title Insurance
$160,000 First American Title Insurance
$77,500 --
$77,500 Enterprise Title
$77,500 Enterprise Title
$28,700 None Available
$126,000 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/02/2024 02/02/24 Sold $120,000 +0.8% --
12/10/2023 12/10/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $119,000 -- --
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,917 $224,100 $12,200 $211,900
2024 $4,952 $145,400 $12,200 $133,200
2023 $4,952 $134,400 $12,200 $122,200
2022 $3,879 $134,400 $12,200 $122,200
2021 $3,572 $122,400 $11,100 $111,300
2020 $2,161 $72,300 $11,100 $61,200
2019 $2,114 $69,500 $11,100 $58,400
2018 $2,985 $69,500 $11,100 $58,400
2017 $2,811 $33,600 $8,000 $25,600
2016 $1,649 $32,200 $8,000 $24,200
2014 $3,219 $116,300 $20,100 $96,200
2013 $3,231 $116,300 $20,100 $96,200
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2024

    Wes Short

    Dropped Members

    Section Image

  • K

    Buyer's Agent in 2024

    Kimberly Yarrell

    Triple E Realty

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21954963

MIBOR Broker Listing Cooperative®

APN: 49-10-05-187-118.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

2425 E Michigan St, Indianapolis, IN

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® 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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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