2623 E Michigan St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,398/month
Total Views
2,780
4
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
Attention all investors! Located in one of Indy's most up-and-coming corridors, 2623 East Michigan Street is surrounded by revitalization, new development, and long-term growth potential. This quadplex, featuring four 1 bed / 1 bath units, sits in a prime location that makes it a standout opportunity for strategic investors. The property is zoned for multifamily use, with special zoning that allows you the potential to add a fifth unit-unlocking even more value. A detached garage out back adds convenience and potential for additional income or parking flexibility. Whether you're new to the game or a seasoned investor, this is the perfect chance to execute the BRRRR strategy-Buy, Rehab, Rent, Refinance, Repeat. With cosmetic updates still needed, this is your opportunity to force appreciation and turn this into a strong, cash-flowing asset. Don't miss out on a quadplex with this much upside in one of Indy's hottest redevelopment zones.
Listing Agent
eXp Realty, LLC Brokerage Email: jacob@livindyrealty.com License #RB23000132 Listed on: 05/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $926
Year Built
- Built in 1900
Parking
- 3 Car Detached Garage
- Alley Access
Home Design
- Quadruplex
- Fixer Upper
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- 2-Story Property
- 5,314 Sq Ft Lot
Community Details
- Saint Clairs Subdivision
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 491006135107000101
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 | $4,240 | $191,400 | $7,500 | $183,900 |
| 2023 | $4,240 | $172,900 | $7,500 | $165,400 |
| 2022 | $3,963 | $162,100 | $7,500 | $154,600 |
| 2021 | $2,911 | $120,400 | $7,500 | $112,900 |
| 2020 | $1,694 | $67,500 | $2,500 | $65,000 |
| 2019 | $1,399 | $53,800 | $2,500 | $51,300 |
| 2018 | $1,382 | $52,700 | $2,500 | $50,200 |
| 2017 | $1,196 | $50,500 | $2,500 | $48,000 |
| 2016 | $1,075 | $45,900 | $2,500 | $43,400 |
| 2014 | $934 | $43,200 | $2,500 | $40,700 |
| 2013 | $781 | $43,100 | $2,500 | $40,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Pending | -- | -- | -- |
| 05/13/2025 05/13/25 | For Sale | $249,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $118,500 | Eagle Land Title | |
| Warranty Deed | $118,500 | Eagle Land Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $226,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22038426
APN: 49-10-05-187-121.000-101
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