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1515 E Michigan St, Indianapolis, IN, 46201

$419,000

Home List Price

$4,976*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1515 E Michigan St, Indianapolis$419,000

Buyer Closing Credits

$4,976*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1910
BasementYes
MLS #21966692
Lot Size0.15 Acres
StatusActive

About 1515 E Michigan St

A profitable investment with long-term, valued tenants. This 5-unit multi-family property is 2 miles east from downtown Indianapolis, 2 miles north of Fountain Square, north or Arsenal Heights and Holy Cross. Many updates have been completed. Including but not limited to a new roof, new siding in some areas, new gutters, new soffits, replaced plumbing to the street, replaced gas lines and a new electrical panel. The front building holds 4 units. The garage was converted into a unit. There are many newly developed residential and commercial properties nearby. The property is 100% occupied. The new owners would have to honor and respect the leases. Tours are scheduled in advance and all tours must show proof of funds prior to touring the property. All tenants are current with their rents and are exceptional tenants. A breakdown of financials and leases are available to buyers who have submitted proof of funds or financing.

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: F.C. Tucker Company
  • Office Email: Annie.Scott@talktotucker.com
  • Listing Agent: Stephanie Scott

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

School Info

Assigned Schools Information:

  • Arsenal Technical High School, Public District Grades 9-12
  • H L Harshman Middle School, Public District Grades 7-8
  • Center For Inquiry, Public Magnet Grades KG-8
  • Francis W Parker School 56, Public Magnet Grades PK-8
  • Washington Irving School 14, Public District Grades PK-6
  • Theodore Potter School 74, Public District Grades KG-6
  • Ernie Pyle School 90, Public District Grades PK-6

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $419,000

Tax Information:

  • Annual Amount: $2,422
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

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Indianapolis, IN

City

Med. Sold Price

$239.7K

Med. Price/SqFt

$135

Avg. Days On Market

45

# of Sold Homes

989

1515 E Michigan St vs Indianapolis

53 DAYS ON ROCKET

+8 Days

$419,000

+$179.2K More

KEY TAKEAWAY

This property is $179.2K more than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21966692

Listing Office:

  • Office Name: F.C. Tucker Company
  • Office Email: Annie.Scott@talktotucker.com
  • Listing Agent: Stephanie Scott

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by 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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 11:46:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2016Home Sold
$37,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,422$110,400
2019$2,399$102,600
2018$2,045$97,400
2017$1,920$92,700

History based on county public records data.

Payment Calculator

$2,159

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,323

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2762815
1
/10

  • Washington Irving School 14

  • 1250 E Market St

  • 0.39 miles

  • Public District Grades PK-6

school-card-donut-2762816
2
/10

  • Theodore Potter School 74

  • 1601 E 10th St

  • 0.47 miles

  • Public District Grades KG-6

school-card-donut-2762817
4
/10

  • Ernie Pyle School 90

  • 3351 W 18th St

  • 4.47 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2762818
2
/10

  • H L Harshman Middle School

  • 1501 E 10th St

  • 0.45 miles

  • Public District Grades 7-8

school-card-donut-2762819
6
/10

  • Center For Inquiry

  • 725 N New Jersey St

  • 0.94 miles

  • Public Magnet Grades KG-8

school-card-donut-2762820
1
/10

  • Francis W Parker School 56

  • 2353 Columbia Ave

  • 1.87 miles

  • Public Magnet Grades PK-8

High School

school-card-donut-2762821
1
/10

  • Arsenal Technical High School

  • 1500 E Michigan St

  • 0.11 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,244. Residents of Indianapolis, IN typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Indiana›Marion County›Indianapolis›46201›1515 E Michigan St

This home is located at 1515 E Michigan St in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. This home, which was built in 1910, sits on a 0.15 acre lot. It has been listed on Rocket Homes since March 06, 2024 and is currently priced at $419,000.

Indianapolis, IN housing market in March 2024 saw over 225 listings sold above listed price, more than 262 sold at listed price and over 502 sold below. The number of homes for sale in Indianapolis, IN increased by 7.4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $239,776, while the average time on the real estate market was 45 days.

From Rocket Homes Real Estate and based on county public records data.

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