4841 E Terrace Avenue Indianapolis, IN $ 250,000
4841 E Terrace Avenue
$ 250,000
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4841 E Terrace Avenue

Indianapolis, IN, 46203
$ 250,000
Bedrooms2 Baths1.0 Sq 780

Monthly Estimate*

$ 1,662

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Single Family Home for sale in Indianapolis, IN

for $250,000 with 2 bedrooms and 1 full bath. This 780 square foot home was built in 1947 on a lot size of 0.34.

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. 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.

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Single Family Active

Price

$ 250,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,576

Style

TraditonalAmerican

Lot Size

0.34

Year Built

1947

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21958088

Features
General
Interior Features Eat-in Kitchen
Heating Forced Air
Cooling Central Electric
Possession Closing
Appliances Electric Cooktop Refrigerator
Exterior Features Out Building With Utilities Storage Shed
Garage Spaces 1
Patio/Porch Features Open Patio
Architectural Style TraditonalAmerican
Construction Materials Wood Siding
Year Built 1947
Township Center SE
Levels One
Property SubType Single Family Residence
Tax Year 2023
Additional Parcels Description L43
County Marion
New Construction N
Property Type Residential
HOA / Comm Assn N
Subdivision Name Emerson Terrace
Garage Y/N Y
Total Rooms 4
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.9
View Y/N N
High School District Indianapolis Public Schools
MLS Area 4913 - Marion - Center Se
Lot Size Square Feet 14976
Waterfront Y/N N
Street Name Terrace
Property Attached Y/N N
Additional Parcels Y/N Y
Days on Market 8
Standard Status Active
Tax Lot L42 L42
Buyer Agent Compensation Type %
Legal Description Emerson Terrace L41-L42
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Exterior
Parking Features Detached Gravel Garage Door Opener Storage
Water Source Municipal/City
Foundation Details Slab
Spa N
Building Area Total 780
Lot Size Acres 0.34
Horse Amenities None
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Interior
Basement (Y/N) N
Full Baths 1
Half Baths 0
Street Suffix Avenue
Laundry Features Connections All
Total Bedrooms 2
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 1
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* Excluded Features
List By
Sherry Minkis

Broker

sherryminkis@gmail.com

Email

Affordability Calculator

$1,793
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,662
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/30/2023$250,000 Listed Price

Map


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4841 E Terrace Avenue, Indianapolis, IN, 46203 is a Single Family Home for sale at $250,000 with 780 sqft and a lot size of 0.34. 4841 E Terrace Avenue has 2 bedrooms, 1.0 baths, and was built in 1947. The property's zip code is 46203 which is in Indianapolis, IN