3247 W Morris St Indianapolis, IN 46241
West Indianapolis NeighborhoodEstimated payment $1,575/month
Highlights
- Guest House
- 0.29 Acre Lot
- No HOA
- Ben Davis University High School Rated A
- Pole Barn
- Galley Kitchen
About This Home
Calling All Investors! Rare opportunity to expand your portfolio or secure a high-performing property. This unique lot includes two single-family homes and a pole barn, all situated on one parcel and fully leased beginning October 1st. Each home features 2 bedrooms, 1 bath, and a comfortable living area, ensuring consistent tenant demand. The front home has been upgraded with a new metal roof and a 2-year-old furnace, reducing future maintenance expenses. The pole barn provides additional rental income, further strengthening overall cash flow. This property checks all the boxes for investors looking for stability, strong returns, and long-term growth potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,230
Year Built
- Built in 1945 | Remodeled
Lot Details
- 0.29 Acre Lot
- Additional Parcels
Home Design
- Bungalow
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 2-Story Property
- Unfinished Basement
Kitchen
- Galley Kitchen
- Electric Oven
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
Additional Features
- Pole Barn
- Guest House
- Forced Air Heating System
Community Details
- No Home Owners Association
- J C Leerkamp's West Subdivision
Listing and Financial Details
- Tax Lot 9008526
- Assessor Parcel Number 491116113009000900
Map
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 | $3,415 | $96,400 | $20,500 | $75,900 |
| 2023 | $3,415 | $96,400 | $20,500 | $75,900 |
| 2022 | $3,443 | $96,400 | $20,500 | $75,900 |
| 2021 | $2,366 | $61,600 | $7,500 | $54,100 |
| 2020 | $2,363 | $61,600 | $7,500 | $54,100 |
| 2019 | $3,004 | $79,000 | $7,500 | $71,500 |
| 2018 | $2,725 | $79,000 | $7,500 | $71,500 |
| 2017 | $2,738 | $79,500 | $7,500 | $72,000 |
| 2016 | $2,668 | $77,500 | $7,500 | $70,000 |
| 2014 | $2,370 | $79,000 | $7,500 | $71,500 |
| 2013 | $2,376 | $79,000 | $7,500 | $71,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | For Sale | $245,000 | -- | $253 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Deed | $60,000 | -- | |
| Warranty Deed | -- | Chicago Title Company Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | Credit Line Revolving | |
| Closed | $18,000 | Seller Take Back | |
| Closed | $25,000 | Construction | |
| Closed | $25,000 | Seller Take Back | |
| Closed | $85,000 | New Conventional | |
| Previous Owner | $120,000 | Future Advance Clause Open End Mortgage |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22062095
APN: 49-11-16-113-009.000-900
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.
Based on information submitted to the MLS GRID. 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.
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