41 N Drexel Ave Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,138/month
Total Views
204
3
Beds
1
Bath
1,456
Sq Ft
$110
Price per Sq Ft
Highlights
- No HOA
- Woodwork
- Laundry Room
- 1 Car Detached Garage
- Walk-In Closet
- Bungalow
About This Home
Well-maintained, tenant-occupied bungalow with numerous updates and great investment potential. Key improvements include a new sewer line (2019), new roof (2021), new window blades (2024), gravel around the foundation (2024), and a brand-new water heater (2025). The home features a fenced yard, detached 1-car garage, and plenty of outdoor space. Inside, the alcove off the living room provides an ideal spot for a home office. Relax on the front porch and enjoy the neighborhood atmosphere. The basement serves as a utility area but offers over 900 square feet of potential storage. Currently leased to a long-term tenant (since 2019) paying $1,050/month, with the lease ending May 31, 2026. This property presents excellent value as either a primary residence or an income-generating investment property. It is being sold as-is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,190
Year Built
- Built in 1913
Lot Details
- 5,271 Sq Ft Lot
Parking
- 1 Car Detached Garage
Home Design
- Bungalow
- Brick Exterior Construction
- Block Foundation
- Aluminum Siding
Interior Spaces
- 1,456 Sq Ft Home
- 1.5-Story Property
- Woodwork
- Unfinished Basement
- Basement Cellar
- Fire and Smoke Detector
Kitchen
- Electric Oven
- Range Hood
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Shed
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- No Home Owners Association
- Eastern Heights Subdivision
Listing and Financial Details
- Tax Lot 491004106055000101
- Assessor Parcel Number 491004106055000101
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 | $3,370 | $134,400 | $24,000 | $110,400 |
| 2023 | $3,370 | $137,600 | $24,000 | $113,600 |
| 2022 | $3,483 | $139,200 | $24,000 | $115,200 |
| 2021 | $2,898 | $121,200 | $24,000 | $97,200 |
| 2020 | $2,420 | $100,200 | $6,900 | $93,300 |
| 2019 | $2,158 | $87,300 | $6,900 | $80,400 |
| 2018 | $1,922 | $76,700 | $6,900 | $69,800 |
| 2017 | $1,633 | $72,600 | $6,900 | $65,700 |
| 2016 | $1,459 | $65,900 | $6,900 | $59,000 |
| 2014 | $1,321 | $61,300 | $6,900 | $54,400 |
| 2013 | $465 | $56,800 | $6,900 | $49,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $160,000 | +207.7% | $110 / Sq Ft |
| 10/18/2016 10/18/16 | Sold | $52,000 | -7.1% | $22 / Sq Ft |
| 10/06/2016 10/06/16 | Pending | -- | -- | -- |
| 09/19/2016 09/19/16 | For Sale | $56,000 | -- | $24 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | $52,000 | -- | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $62,100 | New Conventional | |
| Previous Owner | $10,400 | Credit Line Revolving | |
| Previous Owner | $41,600 | New Conventional |
Source: Public Records
Similar Homes in Indianapolis, IN
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22057822
APN: 49-10-04-106-055.000-101
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