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$180,000

5015 E Michigan Street Indianapolis, IN  46201

  • 7 Beds
  • 2 Baths
  • 2,866 sq. Ft

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Property Description for 5015 E Michigan Street Indianapolis, IN 46201

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.
QuickBuy option for home selling

Address:5015 E Michigan Street Indianapolis IN 46201
Status:Active
on site: 6 hrs 17 mins
Price:$180,000
Bedrooms:7 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,866
Year Built:1930
Lot Size:0.07
County: Marion
Township: Center
MLS #:22012615
Property Type:Single Family Residence

Lot Dimensions:3180
Water Source:Municipal/City
Directions:GPS Friendly
Main Level Sq. Ft. :2,028
Total Sq. Ft. :2,866
Basement:Yes

Loan Price
$1,174
Price And Interest $939/month
Property Tax $160/month
MTG INS $0/month
HOME INS $75/month
Price
$180,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$160/month
Home Owner Insurance
$900 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 10x11 Main
Primary Bedroom 10x11 Main
Bedroom 2 10x11 Main
Bedroom 3 10x11 Main
Bedroom 4 10x11 Main
Bedroom 5 10x11 Main
Bedroom 6 10x11 Main
Bonus Room 10x11 Basement
Bedroom 6 10x11 Main

Semi-Annual Property Tax:$960
Tax Year:2023
Other Disclosures:As Is
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
City:Indianapolis
Subdivision: No Subdivision
Zip Code:46201

Total Sq. Ft.:2,866
Interior Features:Attic Stairway
Eating Area(s):Separate Room
Appliances:Electric Oven, Refrigerator, Water Heater
Exterior Type:Vinyl Siding
Cool:None
Heat:Forced Air
Water Heater:Electric Oven, Refrigerator, Water Heater
Total Rooms:9
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Sheila Huerta Eriza with AMR Real Estate LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/20/2024 12:00 AM. 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.





Indianapolis Market Report

109
Avg. DOM
$187.92
Avg. $ / Sq.Ft.
$ 389,000
Med. List Price

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 658 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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