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  • Price cut: $10K (7/17)
    $155,000

    1849 E Minnesota St, Indianapolis, IN 46203

    2beds
    2baths
    --sqft
    : 
    Multi Family, Duplex
    Built in 1926
    -- sqft lot
    $147,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully rented and cash-flowing, this 1 bed, 1 bath duplex presents an excellent opportunity for both investors and owner-occupants. Currently generating $1,525/month in gross rental income, there's clear upside potential-market rents are projected at $1,000-$1200/month per unit. With boths units on a month-to-month lease, there's flexibility to raise rents or renovate. Each unit is separately metered for utilities, simplifying management and improving efficiency. Recent upgrades include brand-new soffit replacement, and there's plenty of room to add value through cosmetic improvements. Whether you're looking to grow your portfolio or live in one unit while renting out the other, this property is packed with potential.
    78 days
    on Zillow
    |
    348
    |
    24
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 17, 2025 at 04:37am

    Listing Provided by:

    Tyler Lingle 317-443-5258,

    @properties,

    Kyle Hoffman,

    @properties

    Source: MIBOR as distributed by MLS GRID,MLS#: 22044561MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1849 E Minnesota St.

    Next available tour time:Today at 3:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Main level bathrooms: 2
    Cooling
    • Central Air, Window Unit(s)
    Appliances
    • Laundry: Connections All
    Features
    • Has basement: Yes

    Property

    Parking
    • Details: Unit Parking(On Street, Parking Lot)
    Features
    • Levels: One
    • Stories: 1
    • Fencing: Fenced,Full
    Lot
    • Size: 3,484.8 Square Feet
    • Features: Access, Sidewalks, Storm Sewer, Street Lights
    Details
    • Parcel number: 491018157105000101

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Duplex
    Materials
    • Cement Siding
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1926

    Community & HOA

    Community
    • Security: Smoke Alarm
    • Subdivision: Factory Place
    Location
    • Region: Indianapolis

    Financial & listing details

    • Tax assessed value: $71,000
    • Annual tax amount: $1,684
    • Date on market: 6/13/2025
    • Cumulative days on market: 80 days
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