MOTIVATED SELLER!Unique opportunity to own 3 contiguous lots for either an owner occupant or investor for income production. The 3 lots have a storage building, 2 bedroom/1 bath residential unit/Apartment and a large 2 bay mechanics garage (NOT ZONED COMMERCIAL). The mechanics garage is heated and cooled. There is a bathroom, office and large entry area. Both garage bays have oversized garage doors for servicing larger vehicles. While zoned residentially, the owner successfully worked out of this space for nearly 50 years servicing vehicles. The residential unit has a working kitchen and laundry, large bedroom with door to outside courtyard. There is a large patio connecting the residential unit to the storage building. Storage building currently being leased. Own and occupy all 3 buildings or own and lease all three. The potential for this unique property is vast.
Sold
$150,000
4841 E Terrace Ave, Indianapolis, IN 46203
2beds
780sqft
Residential, Single Family Residence
Built in 1947
0.34 Acres Lot
$152,600 Zestimate®
$192/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 02, 2025 at 11:18am
Listing Provided by:
Sherry Minkis sherryminkis@gmail.com,
Sherry Minkis,
Sherry Minkis
Bought with:
Sherry Minkis
Sherry Minkis
Source: MIBOR as distributed by MLS GRID,MLS#: 21958088

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Carpet
- Level: Main
- Area: 176 Square Feet
- Dimensions: 16x11
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Refrigerator
- Laundry: Connections All
Features
- Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 780
- Total interior livable area: 780 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Gravel, Garage Door Opener, Storage
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 0.34 Acres
Details
- Additional structures: Outbuilding, Storage
- Additional parcels included: L43
- Parcel number: 491016124026000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Emerson Terrace
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$152,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$152,600