5015 E Michigan Street
Indianapolis, IN 46201
- 7 beds
- 2 baths
- 2,279 sqft
- 3,180 sqft lot
- $78 per sqft
- 1930 build
5015 E Michigan St, Indianapolis Investor's Dream in the Irvington/Tuxedo Area! Welcome to 5015 E Michigan St, a spacious 6-bedroom, 2-bathroom property located on the border of the Irvington/Tuxedo area-one of Indianapolis's most charming and rapidly developing neighborhoods. Priced below market value, this home is an incredible opportunity for investors or homeowners willing to put in some work to maximize its potential. This property features a bonus room in the basement, has been meticulously maintained, and requires only cosmetic updates on the interior. The exterior is completely redone, needing nothing but the addition of an AC unit. Whether you're looking to enhance your rental portfolio or create a beautiful home, this property is perfectly positioned for future growth and value appreciation. Property Highlights: * 6 Bedrooms + Bonus Room in Basement * 2 Full Bathrooms * Meticulously Maintained (Cosmetic Repairs Only) * Fully Updated Exterior * Located in the Charming Irvington/Tuxedo Area * Sold As-Is Located just minutes from the heart of Irvington, this property offers easy access to local shops, restaurants, and the vibrant community that makes this area so desirable. Agents are encouraged to run a comparable market analysis to see the untapped potential.
Last checked:
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Checking…
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Last updated Nov 24, 2024
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MLS# 22012615 —
The Building
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Year Built:1930
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:Craftsman
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Levels:One
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Basement:true
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Foundation Details:Block
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Accessibility Features:No
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Green Certification:No
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Building Area Total:2866
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Below Grade Finished Area:251
Interior
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Rooms:8
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Rooms Total:9
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Rooms Total:8
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Interior Features:Attic Stairway
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Eating Area:Separate Room
Room Dimensions
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SqFt:2028
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Main Level SqFt:2028
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Living Area:2279
Location
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Directions:GPS Friendly
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Latitude:39.774697
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Longitude:-86.085401
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:491004144148000101
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Acres:<1/4 Acre
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Lot Size Acres:0.07
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Lot Size SqFt:3,180 Sqft
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Price Per Acre:2571429
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Property Condition:Fixer
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Horse Amenities:None
Listing Agent
- Contact info:
- Agent phone:
- (773) 936-7416
- Office phone:
- (317) 506-6925
Taxes
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Tax Lot:156
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Tax Year:2023
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Semi Annual Property Tax Amt:960
Beds
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Beds:6
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Bedrooms:6
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Bedrooms Total:7
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Main Level Bedrooms:6
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# of Bedrooms Basement:1
Baths
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Baths:2
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Full Baths:2
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Full Baths:2
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Full Baths Main:2
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Forced Air
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Cooling:None
Utilities
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Electric Oven, Refrigerator, Water Heater
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:No Subdivision
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Association:false
Parking
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Parking Features:Detached
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Garage:false
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Garage Spaces:1
Monthly cost estimate
Asking price
$180,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$963
|
| Taxes | $160 |
| Insurance | $49 |
| Utilities | $195 See report |
| Total | $1,367/mo.* |
| *This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/22/24
Nov 22, 2024
|
Listed / Active | MIBOR | $180,000 | 2017.6% (131.7% / YR) |
|
7/29/09
Jul 29, 2009
|
MIBOR | $8,500 |
