$112,500
SOLD JAN 29, 2019
-- Bed
-- Bath
1,216 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$93 Per Sq Ft

8% Above List Price

58 Days on Market

About This Home

As of January 2019

Sometimes opportunity knocks and other times it bangs at your door. Say hello to this 3 bed/2 full bath, fully renovated duplex perfectly situated in between Ivy Tech, Children's Museum and I-65. Whether you rent both sides out and rake the 14% cap rate, or live in one side while letting the other pay your mortgage, you simply can't go wrong with this slam dunk investment. Property was once 4-plex and still has HVAC and layout in place for simple conversion if that's your preference. Spacious unfinished attic offers even more possibilities for the creative investor.

Last Agent to Sell the Property

Chris Price

Keller Williams Indy Metro S License #RB14030267 Listed on: 11/16/2018

Keller Williams Indy Metro S

Co-Listed By

Edwin Keller

Keller Williams Indy Metro S License #RB15000258

Last Buyer's Agent

Austin Fish

Go Fish Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,546

Year Built

  • Built in 1917

Additional Features

  • 2-Story Property
  • 7,405 Sq Ft Lot
  • Basement

Community Details

  • Burton & Campbells Park Subdivision

Listing and Financial Details

  • Tenant pays for insurance all utilities
  • The owner pays for inshazard lawncare taxes
  • Assessor Parcel Number 490626190084000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,546

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Sub Type: 1-4 Units Residential
  • Architectural Style: TradAmer
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1917
  • Co List Office Phone: 317-271-5959
  • Lot Size Acres: 0.17
  • Structure Type: Duplex
  • Subdivision Name: BURTON & CAMPBELLS PARK
  • Inspection Warranties: Not Applicable
  • Property Description: Sometimes opportunity knocks and other times it bangs at your door. Say hello to this 3 bed/2 full bath, fully renovated duplex perfectly situated in between Ivy Tech, Children's Museum and I-65. Whether you rent both sides out and rake the 14% cap rate, or live in one side while letting the other pay your mortgage, you simply can't go wrong with this slam dunk investment. Property was once 4-plex and still has HVAC and layout in place for simple conversion if that's your preference. Spacious unfinished attic offers even more possibilities for the creative investor.
  • Transaction Type: Sale
  • Website: www.Ed.TheIndyPropertySource.com
  • Unit Count: 2
  • Conversion: 1
  • Website: www.TheIndyHomeSource.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Owner Pays: InsHazard,Lawncare,Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Connections All

Exterior Features

  • Construction Materials: Wood
  • Disclosures: Not Applicable
  • Foundation Details: Block,Crawl Space
  • List Price: 104500
  • Interstate: Ramp<1Mi

Garage/Parking

  • Unit Parking: Other

Utilities

  • Solid Waste: 0

Fee Information

  • Expenses: 4500

Lot Info

  • Parcel Number: 490626190084000101
  • Acres: <1/4 Acre
  • Lot Information: Access Alley,Busline,Curbs,Sidewalks,Tree Mature
  • Lot Number: 24
  • Lot Size: 40 X 180

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: Insurance,All Utilities

Multi Family

  • Net Operating Income: 14640
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1546
  • Semi Annual Property Tax Amt: 773
  • Tax Exemption: None

MLS Schools

  • School District: Indianapolis Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2018
Closed on
Jan 29, 2019
Sold by
Gutowski Dan E
Bought by
Scout Development Llc
Seller's Agent
Chris Price
Keller Williams Indy Metro S
Buyer's Agent
Austin Fish
Go Fish Realty
List Price
$104,500
Sold Price
$112,500
Premium/Discount to List
$8,000
7.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.26%
Original Mortgage
$57,375
Outstanding Balance
$50,844
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$185,766

Purchase Details

Closed on
Jul 20, 2007
Sold by
Kinney Joseph
Bought by
Gutowski Dan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,630
Interest Rate
6.73%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $112,500 Chicago Title And Trust Compan
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $57,375 Commercial
Previous Owner $30,630 New Conventional
Previous Owner $30,630 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $172,900 -3.9% --
06/25/2025 06/25/25 Price Changed $179,900 -2.8% --
06/05/2025 06/05/25 For Sale $185,000 +64.4% --
01/29/2019 01/29/19 Sold $112,500 +7.7% $93 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $104,500 0.0% $86 / Sq Ft
11/23/2018 11/23/18 Price Changed $104,500 +22.9% $86 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/16/2018 11/16/18 For Sale $85,000 -- $70 / 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 $3,934 $175,200 $20,200 $155,000
2023 $3,934 $160,000 $20,200 $139,800
2022 $4,362 $196,000 $20,200 $175,800
2021 $2,763 $114,000 $3,200 $110,800
2020 $2,887 $119,000 $3,200 $115,800
2019 $2,877 $116,400 $3,200 $113,200
2018 $2,018 $79,400 $3,200 $76,200
2017 $1,670 $72,800 $3,200 $69,600
2016 $1,551 $68,800 $3,200 $65,600
2014 $1,105 $63,000 $3,200 $59,800
2013 $1,903 $85,600 $3,200 $82,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21607745

MIBOR Broker Listing Cooperative®

APN: 49-06-26-190-084.000-101