$240,000

607 Chestnut St Anderson, IN 46012

Estimated payment $1,530/month

Total Views 379
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Laundry Room
  • Outdoor Gas Grill
  • Balcony
  • Fire Pit
  • Forced Air Heating and Cooling System

About This Home

Come see this fully occupied triplex, just blocks away from Anderson University campus. There is a history of consistent rental income, and consistent upkeep overtime. The property has close proximity to tons of amenities, major retailers, shops, downtown Anderson, and is just minutes from Mounds State & Shadyside Memorial Parks. The backyard is perfect for relaxing in the evenings or enjoying a bonfire with friends and family. Recent improvements and maintenance include: two new water heaters, installation of additional electrical panel, remodeling of both front & back decks, adding additional laundry room for ADU, new paint & landscaping. Two of the three units have longterm tenants in place through Spring of 2026. The other is month to month. If you're looking for a new investment in a great location - schedule a private tour today!

Listing Agent

Matthew Wehner

Gardner Property Group License #RB20001938 Listed on: 08/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,462

Year Built

  • Built in 1941

Lot Details

  • 7,750 Sq Ft Lot
  • Additional Parcels

Home Design

  • Triplex
  • Block Foundation

Interior Spaces

  • 2.5-Story Property
  • Views of Woods
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Basement

  • Apartment Living Space in Basement
  • Laundry in Basement

Outdoor Features

  • Balcony
  • Fire Pit
  • Outdoor Gas Grill

Schools

  • Highland Middle School
  • Anderson Intermediate School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Community Details

  • Walnut Park Subdivision

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 481207301027000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,462

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1941
  • Lot Size Acres: 0.18
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Structure Type: Triplex
  • Subdivision Name: Walnut Park
  • Transaction Type: Sale
  • Website: https://listings.indianaskypics.com/sites/607-chestnut-st-anderson-in-46012-18051110/branded
  • Conversion: No
  • Price Unit: 80000
  • Multi Rooms: 12
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Apartment, Partially Finished
  • Levels: Two and a Half
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Owner Pays: All Utilities

Exterior Features

  • Roof: Asphalt
  • Direction Faces: East
  • Exterior Features: Balcony, Gas Grill, Fire Pit
  • Foundation Details: Block
  • List Price: 240000
  • View: Trees/Woods
  • View Y N: Yes
  • Road Access: Frontage Road

Garage/Parking

  • Parking Features: Asphalt
  • Unit Parking: On Street,Paved Area

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Forced Air
  • Laundry Features: Laundry Room, In Basement
  • Solid Waste: Yes

Fee Information

  • Expenses: 525

Schools

  • Middle Or Junior School: Highland Middle School
  • MBR_IntermediateSchool: Anderson Intermediate School

Lot Info

  • Additional Parcels: Yes
  • Current Use: Residential
  • Lot Size Sq Ft: 7750
  • Parcel Number: 481207301027000003
  • Acres: <1/4 Acre
  • Price Acre: 1333333

Rental Info

  • Tenant Pays: No Utilities

Multi Family

  • Gross Income: 2850
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2462
  • Tax Lot: NA
  • Semi Annual Property Tax Amt: 1231

Map

Range of Values:

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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 $2,462 $110,800 $8,600 $102,200
2023 $2,259 $101,000 $8,300 $92,700
2022 $2,248 $100,500 $7,800 $92,700
2021 $2,069 $91,800 $7,700 $84,100
2020 $2,009 $88,800 $7,400 $81,400
2019 $1,959 $86,500 $7,400 $79,100
2018 $1,886 $81,600 $7,000 $74,600
2017 $1,619 $80,800 $7,000 $73,800
2016 $1,641 $81,900 $7,200 $74,700
2014 $1,714 $85,700 $7,500 $78,200
2013 $1,714 $85,700 $7,500 $78,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $240,000 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $67,500 New Conventional
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22054306

MIBOR Broker Listing Cooperative®

APN: 48-12-07-301-027.000-003