943 N Dearborn St Indianapolis, IN 46201
Near Eastside NeighborhoodEstimated payment $1,494/month
Highlights
- View of Trees or Woods
- Forced Air Heating System
- Wood Siding
About This Home
This fully remodeled duplex at 941-943 North Dearborn presents a strong investment opportunity in a desirable and growing area of Indianapolis. Each side of the property features 3 bedrooms and 1.5 bathrooms, making it ideal for long-term tenants or an owner-occupant. The 941 unit is currently leased at $1,500 per month through August 2026, providing immediate, stable rental income. The 943 unit is vacant and move-in ready, offering flexibility for additional rental income or personal use. If rented at the same $1,500 rate, the property would generate $3,000 in monthly income-exceeding the 1% rule and delivering strong cash flow. The property has been recently renovated throughout. Still could use certain TLC, subject to where you'd want the finishes. Its location offers convenient access to downtown, major roadways, local parks, and schools. With solid income potential and updated finishes, this is a turnkey asset for any investor looking to build long-term wealth. All utilities are separate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,534
Year Built
- Built in 1910 | Remodeled
Lot Details
- 4,269 Sq Ft Lot
Parking
- Alley Access
Property Views
- Woods
- Neighborhood
Home Design
- Duplex
- Brick Exterior Construction
- Block Foundation
- Wood Siding
Interior Spaces
- 6 Bedrooms
- 2-Story Property
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- Aetna Rlty Co Assn Subdivision
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 491005171005000101
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 | $3,173 | $148,900 | $6,100 | $142,800 |
| 2023 | $3,173 | $128,700 | $6,100 | $122,600 |
| 2022 | $3,048 | $124,100 | $6,100 | $118,000 |
| 2021 | $2,578 | $106,700 | $6,100 | $100,600 |
| 2020 | $1,687 | $67,900 | $2,200 | $65,700 |
| 2019 | $1,598 | $62,900 | $2,200 | $60,700 |
| 2018 | $1,285 | $49,300 | $2,200 | $47,100 |
| 2017 | $1,135 | $48,300 | $2,200 | $46,100 |
| 2016 | $880 | $37,200 | $2,200 | $35,000 |
| 2014 | $651 | $30,100 | $2,200 | $27,900 |
| 2013 | $750 | $30,100 | $2,200 | $27,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 08/01/2025 08/01/25 | For Sale | $225,000 | 0.0% | -- |
| 12/01/2024 12/01/24 | Off Market | $1,200 | -- | -- |
| 10/29/2024 10/29/24 | For Rent | $1,200 | 0.0% | -- |
| 10/29/2024 10/29/24 | Price Changed | $1,200 | -11.1% | $1 / Sq Ft |
| 10/29/2024 10/29/24 | Off Market | $1,350 | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $1,350 | -- | -- |
| 09/26/2024 09/26/24 | For Rent | $1,350 | 0.0% | -- |
| 09/12/2024 09/12/24 | Price Changed | $1,350 | -12.9% | $1 / Sq Ft |
| 08/25/2024 08/25/24 | For Rent | $1,550 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Foundation Title | |
| Warranty Deed | $105,000 | Eagle Land Title | |
| Corporate Deed | -- | None Available | |
| Limited Warranty Deed | -- | None Available | |
| Sheriffs Deed | $28,251 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $176,000 | New Conventional | |
| Previous Owner | $89,250 | New Conventional | |
| Previous Owner | $82,450 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22054282
APN: 49-10-05-171-005.000-101
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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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