40 S Chester Avenue, IN 46201

$142,000
4
BD
1
BA
2,620
SqFt

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List Price
$142,000
Status
ACTIVE
Days on Market
19
MLS#
22113736
Subtype
Residential
Year Built
1910
Bedrooms
4
Bathrooms
1
Full Baths
1
Living Area
2,620
Acres
0.12
Subdivision
No Subdivision
MLS Area Major
Center

Property Description

This 4-bedroom, 1-bathroom single-family home features a detached one-car garage with convenient alley access and is currently tenant-occupied, providing immediate rental income. The home offers a functional layout with a formal living room, separate dining room, and a kitchen featuring an eat-in area and breakfast room. Two bedrooms are located on the main level, with two additional bedrooms upstairs, providing flexible living space. Please note that the second floor does not have central heating or air conditioning. Outside, you'll find a covered front porch, a fenced front yard, and a spacious backyard. The property is currently leased for $1,000 per month, which is below current market rent, presenting an excellent opportunity for future rental income growth. Whether you're looking to expand your investment portfolio or purchase a property with value-add potential, this home offers strong upside in a convenient Indianapolis location.

Additional Information

Interior Features
Hardwood Floors, Eat-in Kitchen
Taxes
$1,320
Appliances
Other
Air Conditioning
Central Air
Stories
Two
Foundation
Concrete Perimeter
Garage Spaces
1

Listing courtesy of Rize Commercial Realty LLC.

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