1 month on rocket

4328 E Michigan St, Indianapolis, IN, 46201

$99,900

Home List Price

$1,186*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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4328 E Michigan St, Indianapolis$99,900

Buyer Closing Credits

$1,186*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1922
HeatingBaseboard
CoolingNone
MLS #21970321
Lot Size0.11 Acres
StatusActive

About 4328 E Michigan St

Come check out this nearly completed duplex on E Michigan! With minor finishing touches this property has potential be a high cash flowing investment! This property consists of 2 studio style units with updates including newer roof, siding, electrical, windows, plumbing & more! Rent to section 8 tenants for a potentially much higher return, current 2024 FMR for Indianapolis studio units are up to $982.

Property Details

Property Features

Property Information:

  • Year Built: 1922

Listing Office:

  • Office Name: Keller Williams Indy Metro S
  • Office Email: shoughton@kw.com
  • Listing Agent: Stuart Houghton

Interior Features

Interior Information:

  • Basement: No

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

School Info

Assigned Schools Information:

  • H L Harshman Middle School, Public District Grades 7-8
  • Center For Inquiry, Public Magnet Grades KG-8
  • Frederick Douglass School 19, Public District Grades PK-8
  • Ralph Waldo Emerson School 58, Public District Grades KG-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: $99,900

Tax Information:

  • Annual Amount: $594
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$239.7K

Med. Price/SqFt

$135

Avg. Days On Market

45

# of Sold Homes

989

4328 E Michigan St vs Indianapolis

36 DAYS ON ROCKET

-9 Days

$99,900

-$139.8K Less

KEY TAKEAWAY

This property is $139.8K less 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: #21970321

Listing Office:

  • Office Name: Keller Williams Indy Metro S
  • Office Email: shoughton@kw.com
  • Listing Agent: Stuart Houghton

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, 2:16:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$594$26,700
2019$645$25,100
2018$536$24,400
2017$479$22,300

History based on county public records data.

Payment Calculator

$566

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$366

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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-2332234
1
/10
  • Ralph Waldo Emerson School 58

  • 321 N Linwood Ave

  • 0.17 miles

  • Public District Grades KG-6

school-card-donut-2332235
2
/10
  • Theodore Potter School 74

  • 1601 E 10th St

  • 2.02 miles

  • Public District Grades KG-6

school-card-donut-2332236
4
/10
  • Ernie Pyle School 90

  • 3351 W 18th St

  • 6.48 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2332237
2
/10
  • H L Harshman Middle School

  • 1501 E 10th St

  • 2.09 miles

  • Public District Grades 7-8

school-card-donut-2332238
6
/10
  • Center For Inquiry

  • 725 N New Jersey St

  • 2.98 miles

  • Public Magnet Grades KG-8

school-card-donut-2332239
1
/10
  • Frederick Douglass School 19

  • 2020 Dawson St

  • 3.08 miles

  • Public District Grades PK-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,100. Most Indianapolis, IN residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis462014328 E Michigan St

This home is located at 4328 E Michigan St in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. This home, which was built in 1922, sits on a 0.11 acre lot. It has been listed on Rocket Homes since March 23, 2024 and is currently priced at $99,900.

Over 225 listings were sold over their listed price in March 2024 in Indianapolis, IN. In the same period over 502 listings were sold below the listed price and 262 listings were sold for the listed price. The inventory of homes for sale in Indianapolis, IN between February 2024 and March 2024 increased by 7.4%. In March 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $239,776.

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

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