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520 N Dearborn Street, Indianapolis, IN 46201

$49,000
: 3
BD
: 1
BA
: 2,328
SqFt

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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

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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