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520 N Dearborn Street, Indianapolis, IN 46201
- $49,000
- 3
- BD
- 1
- BA
- 2,328
- SqFt
- List Price
- $49,000
- MLS#
- 22128392
- Property Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 1
- Sqft. of Residence
- 2,328
- Year Built
- 1912
- Days on Market
- 0
- Status
- ACTIVE
Property Description
CALLING ALL INVESTORS AND REHABBERS!! 520 N Dearborn St presents a compelling fix-and-flip opportunity in Rivoli Park on Indianapolis' near east side. Situated on a quiet residential street just beyond an active revitalization zone, this property is positioned directly in the path of progress as redevelopment continues to expand into the surrounding area. This 2-story home offers 3 bedrooms, 1 full bath, 1,586 sq ft of living space, plus a 742 sq ft unfinished basement. The interior is in major disrepair and will require extensive renovation, while the exterior is in comparatively good condition and could benefit from a cosmetic facelift to maximize curb appeal and ARV. The main level features a spacious living room, large formal dining room, eat-in kitchen with breakfast nook, and a semi-open circular layout that could potentially be reconfigured into an impressive open-concept floor plan. The main-level laundry room may also offer potential for conversion to a half bath. Upstairs are all 3 bedrooms and the full bathroom. Much of the original woodwork remains, including baseboards and door/window trim, providing character worth preserving. Renovated properly, potential ARV could approach $250K! Priced for a quick sale. Cash or hard money only; no seller or creative financing. Priority will be given to offers able to close by 10/30.
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Additional Information
- Basement
- Unfinished
- Foundation
- Block
- Stories
- Two
- Architecture
- Traditional
- Interior
- WoodWorkStain/Painted
- Acres
- 0.10
- Heat
- Forced Air, Gas
- Cooling
- None
- Financing
- Other
- Appliances
- Electric Oven, Refrigerator
- Region
- Center
- Areas
- Laundry in Unit, Living Room Formal
- Eating Areas
- Dining Combo/Kitchen, Formal Dining Room
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Listing courtesy of Keller Williams Indpls Metro N.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative