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  • $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

    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.

    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#: 21958088MLS Logo

    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