$825,000

Estimated payment $4,331/month

3 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Proposed New Construction 4-Plex | Monon Yard Introducing a brand-new 4-unit investment opportunity in the highly desirable Monon Yard neighborhood. Each unit features a spacious 3-bedroom, 2-bath layout, ranging from 1,320 square feet, offering modern design, open living spaces, and quality craftsmanship throughout. With projected rents of $1,750 per unit, this property generates strong returns and is ideal for owner-occupants, investors, or house hackers looking to capitalize on Indianapolis's continued growth. Built by Paradigm Construction & Development, a respected local builder committed to quality, transparency, and community impact. Perfectly located just minutes from the $4 billion IU Health Downtown Hospital (scheduled for completion in December 2027) and close to the Monon Trail, Fall Creek Greenway, and Midtown dining and retail, this property combines walkability, convenience, and long-term appreciation potential. Estimated completion: Approximately 7 months from closing and first construction draw. Reach out directly for full specifications, construction timeline, and builder options.

Listing Agent

Zachary Douglas

Canull Group LLC License #RB25001624 Listed on: 11/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $156

Year Built

  • 2026

Additional Features

  • 5,740 Sq Ft Lot
  • 3 Bedrooms

Community Details

  • Schofield Harrison Subdivision

Listing and Financial Details

  • Tax Lot 1071360
  • Assessor Parcel Number 490730123059000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$156

Year Built

2026

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Builder Name: Paradigm Constr.
  • Property Type: Residential Income
  • New Construction: Yes
  • Tax Year: 2024
  • Year Built: 2026
  • Lot Size Acres: 0.13
  • Subdivision Name: Schofield Harrison
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • Construction Stage: Proposed
  • Road Access: Frontage Road

Utilities

  • Solid Waste: No

Lot Info

  • Current Use: See Remarks
  • Lot Size Sq Ft: 5740
  • Parcel Number: 490730123059000101
  • Acres: <1/4 Acre

Tax Info

  • Tax Annual Amount: 156
  • Tax Lot: 1071360
  • Semi Annual Property Tax Amt: 78

Map

Range of Values:

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Average Value
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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

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 $157 $6,600 $6,600 --
2023 $157 $6,600 $6,600 $0
2022 -- $6,600 $6,600 --
2021 $0 $6,600 $6,600 $0
2020 $0 $2,500 $2,500 $0
2019 $59 $2,500 $2,500 $0
2018 $60 $2,500 $2,500 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 For Sale $825,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $53,000 None Listed On Document
Quit Claim Deed -- None Available
Deed $800 --
Quit Claim Deed -- --
Deed $300 --
Quit Claim Deed -- --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $13,447 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,000 Balloon
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22071846

MIBOR Broker Listing Cooperative®

APN: 49-07-30-123-059.000-101