537 E 11th St Indianapolis, IN 46202
Chatham Arch NeighborhoodEstimated payment $4,650/month
Highlights
- Victorian Architecture
- 2 Car Detached Garage
- Wood Siding
- Balcony
- Laundry Facilities
About This Home
Location! Location! Location! Cash flow. Upside. This quadruplex sits just two blocks from the hottest area of downtown Indy, near Mass Ave and minutes from the vibrant Bottleworks District-placing tenants within walking distance of some of downtown Indianapolis' best dining, entertainment, and nightlife. The property offers an ideal blend of stability and flexibility, with current rents ranging from $1,500-$1,850 per unit. The unit mix includes long-term tenants, furnished rentals, and clear potential to expand into short-term rentals for increased yield. Renovated in 2024, the building features refreshed flooring throughout, updated appliances, and modernized interiors with a clean, turnkey feel. Furnished units are included in the sale, providing immediate income without additional capital investment. Whether you're looking for a strong performing asset today or a value-add play with STR upside, this is a rare opportunity in one of Indianapolis' most sought-after rental corridors. Broker-owned property.
Listing Agent
Tyler Knows Real Estate LLC Brokerage Email: tyler@tylerknowsrealestate.com License #RB14043024 Listed on: 03/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,226
Year Built
- Built in 1880
Parking
- 2 Car Detached Garage
Home Design
- Quadruplex
- Victorian Architecture
- Brick Exterior Construction
- Brick Foundation
- Wood Siding
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Basement
- Exterior Basement Entry
- Crawl Space
Utilities
- Heating System Uses Natural Gas
- Separate Meters
Additional Features
- Balcony
- 5,171 Sq Ft Lot
Community Details
- Cosbys Sub Ovis Butlers 1St Add Subdivision
- Laundry Facilities
Listing and Financial Details
- Tax Lot 49-06-36-143-001.000-101
- Assessor Parcel Number 490636143001000101
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 |
|---|---|---|---|---|
| 2025 | $11,227 | $583,200 | $107,500 | $475,700 |
| 2024 | $11,424 | $473,100 | $107,500 | $365,600 |
| 2023 | $11,424 | $473,100 | $107,500 | $365,600 |
| 2022 | $9,568 | $473,100 | $107,500 | $365,600 |
| 2021 | $8,576 | $363,200 | $31,200 | $332,000 |
| 2020 | $8,029 | $338,300 | $31,200 | $307,100 |
| 2019 | $4,648 | $250,700 | $36,300 | $214,400 |
| 2018 | $3,012 | $174,500 | $36,300 | $138,200 |
| 2017 | $2,661 | $172,900 | $36,300 | $136,600 |
| 2016 | $2,585 | $172,900 | $36,300 | $136,600 |
| 2014 | $2,361 | $163,800 | $36,300 | $127,500 |
| 2013 | $2,479 | $163,800 | $36,300 | $127,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/20/2026 04/20/26 | Pending | -- | -- | -- | |
| 03/23/2026 03/23/26 | For Sale | $699,900 | +12.0% | -- | |
| 03/15/2024 03/15/24 | Sold | $625,000 | -3.1% | $169 / Sq Ft | View Prior Sale |
| 02/10/2024 02/10/24 | Pending | -- | -- | -- | |
| 01/04/2024 01/04/24 | For Sale | $645,000 | +54.9% | $175 / Sq Ft | |
| 10/22/2019 10/22/19 | Sold | $416,500 | -2.9% | $113 / Sq Ft | View Prior Sale |
| 09/12/2019 09/12/19 | Pending | -- | -- | -- | |
| 09/03/2019 09/03/19 | For Sale | $429,000 | -- | $116 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | First American Title | |
| Warranty Deed | $625,000 | First American Title | |
| Warranty Deed | -- | First American Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $468,750 | New Conventional | |
| Previous Owner | $468,750 | New Conventional | |
| Previous Owner | $309,750 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22090881
APN: 49-06-36-143-001.000-101
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.
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.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.