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Listed by Bernard Goodman • Compass Indiana, LLC
$ 575,000
Est. payment /mo
New
40-42 W 56th ST Indianapolis, IN 46208
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision North Butler Terrace
MLS Listing ID 22047130
Year Built 1938
Tax Year 2024
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Duplex
Property Description
Discover an exceptional investment opportunity with this well-maintained duplex, perfectly situated just steps away from The Shoppes at 56th & Illinois. This unique property offers a blend of residential & commercial potential, with one side of the duplex benefiting from a commercial variance, a rare find in today's market. The duplex features two bedrooms, an updated bath, a spacious living room, and a fully equipped kitchen on each side. The clean and finished basement presents an excellent value-add opportunity, featuring a half bath ready for a full bedroom conversion. One side has a wet bar as well. Both units have been thoughtfully updated with modern kitchens, including appliances, and contemporary bathrooms. Recent updates to the fireplaces (converted to ventless gas) mechanical systems, electrical, plumbing, and roofing provide peace of mind and low maintenance for future owners. A standout feature is the detached garage, offering a potential third revenue stream. This turnkey property is ideal for investors seeking a steady income stream, new investors venturing into the market, or house hackers aiming to subsidize their mortgage. Don't miss this unique opportunity to secure a prime piece of real estate with immense potential in a walkable and vibrant neighborhood. For further details and a comprehensive list of updates, please refer to the property supplements.
Location
State IN
County Marion
Rooms
Basement Storage Space
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Sprinkler System
Garage Spaces 2.0
Roof Type Asphalt
Building
Story One
Foundation Block
Architectural Style Cape Cod
Structure Type Brick
New Construction false
Schools
School District Indianapolis Public Schools
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