2425 E Michigan Street
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- 10,053 sqft lot
- 1920 build
More homes
Situated in an Opportunity Zone this property offers investors the chance to maximize returns post redevelopment with tax incentives. Multifamily, retail, or office redevelopment all permitted. Area surrounding the property is quicky changing and on a clear upward trajectory, large appreciation potential post development. Easy access and close proximity to public transportation traveling to downtown and other surrounding areas of Indianapolis. Just moments from Downtown Indianapolis and surrounded by numerous employers, this location is in high rental demand. Flexible MU-2 zoning classification allows for an investor to be creative in finding the highest and best use for the property.
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Last updated Mar 6, 2024
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MLS# 21954963 —
The Building
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Year Built:1920
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New Construction:false
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Levels:Two
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Basement:false
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Green Certification:No
Financial & Terms
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Buyer Financing:Cash
Location
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Directions:Use GPS
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Latitude:39.774144
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Longitude:-86.120733
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Fourplex
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Property Attached:true
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Parcel Number:491005187118000101
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Acres:<1/4 Acre
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Lot Size Acres:0.23
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Lot Size SqFt:10,053 Sqft
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Price Per Acre:521739
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Zoning:MU2
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Property Condition:Fixer
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Current Use:Apt<20
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (219) 363-1637
- Office phone:
- (317) 663-6000
Taxes
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Tax Lot:101
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Tax Year:2023
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Semi Annual Property Tax Amt:1725
The Listing
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Disclosures:Not Applicable
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Eastside
Extra Units
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# of Units Total:11
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/2/24
Feb 2, 2024
|
Sold | MIBOR | $120,000 | 0.8% |
|
12/12/23
Dec 12, 2023
|
Pending | MIBOR | $119,000 | |
|
11/29/23
Nov 29, 2023
|
Listed / Active | MIBOR | $119,000 |
