Skip main navigation
Apartment for rent
  • $1,199/mo

    250 S Dearborn St #252, Indianapolis, IN 46201

    2beds
    1,125sqft
    Price may not include required fees and charges.
    Apartment
    Available now
    Cats, dogs OK
    -- A/C
    Hookups laundry
    Detached parking
    -- Heating
    Contact manager for more details about this home.

    What's special

    250-52 S Dearborn St LOW DOWN PAYMENT HOMES ON PAYMENTS FIX-UP HOMES LOCATED IN INDIANAPOLIS, INDIANA 250-52 S Dearborn St Indianapolis, Indiana 46201 2 Unit . . . . . 1br, 1ba . . . . . 2-Car Garage Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $139,900 Monthly Payment . . . . . . . . . . . . . . . . . . . . . . $1199 Down Payment . . . . . . . . . . . . . . . . . . . . . . . $1000 Don't miss out on this unique investment opportunity in the heart of Indianapolis! This charming double home offers two separate living spaces, each with 1 bedroom and 1 bath. With some fixer-upper potential, you have the chance to make repairs and create your dream income property or cozy residence. Take advantage of this affordable option to save on renovations and turn this gem into a profitable investment. Live in one side and have an income source renting out the other! The possibilities are endless with this fixer-upper in Indianapolis - come see it before it's gone! Our Homes on Payments Fix-Up Home Program offers home purchasing opportunities for families, individuals and investors in the Central Indiana area. Get qualified for a Homes on Payments home in just 3 days with little or nothing down. Our Homes on Payments homes are easy to qualify and bad credit is OK. Why throw your money away renting when you can purchase your own Homes on Payments home. Offered By: Rainbow Realty Group, Inc. WINDSOR VILLAGE OFFICE (EAST) 6104 E 21st Street Indianapolis, Indiana The owners of Rainbow Realty Group, Inc. have been in the Real Estate Business since 1974. They have bought and sold over 1000 homes and have a reputation of being fair but firm. This Homes on Payments property has a sales price of $139,900 with $1000 down and $1199 monthly. Term is 30 years under a purchase contract at a fixed rate of interest (9.1%). There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates" or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment. The only way you will ever lose your home or property... is if YOU don't make your payments. All properties are offered in "AS-IS" condition to be used as investment income properties. Properties may not be rented, lived in or used as a dwelling until property is brought up to minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance. We have Homes on Payments Fix-Up Homes Everywhere... Rainbow Realty Group Indianapolis, Anderson, Fortville, Greenfield & Shelbyville This Homes on Payments property has a sales price of $139,900 with $1000 down and $1199 monthly. Term is 30 years under a purchase contract at a fixed rate of interest (9.1%). There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates" or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment. The only way you will ever lose your home or property... is if YOU don't make your payments. All properties are offered in "AS-IS" condition to be used as investment income properties. Properties may not be rented, lived in or used as a dwelling until property is brought up to minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance.
    1 day
    on Zillow
    |
    --
    |
    --
    |
    Travel times

    Looking to buy when your lease ends?

    Consider a first-time homebuyer savings account designed to grow your down payment with up to a 6% match & 4.15% APY.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Appliances
    • Included: WD Hookup
    • Laundry: Hookups
    Features
    • WD Hookup
    Interior area
    • Total interior livable area: 1,125 sqft

    Property

    Parking
    • Parking features: Detached
    • Details: Contact manager

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Building

    Management
    • Pets allowed: Yes

    Community & HOA

    Location
    • Region: Indianapolis

    Financial & listing details

    • Lease term: Rent to Own

    Price history

    DateEventPrice
    8/27/2025Listed for rent$1,199$1/sqft
    Source: Zillow Rentals

    Neighborhood: Christian Park