1218 Union Street

Indianapolis, IN 46225

$239,700
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Your next 7 bedroom transitional housing concept in recovery from drug and alcohol addiction or traditional duplex conversion OR Short Term Rental (walking distance from stadium)! There are 3BR, 2 full BA downstairs; 4BR, 2 full BA upstairs. No current leases in place. The concept comes with Central Air (new 2020), 2 water heaters (new 2020), heat pump (new 2020). Painted with new flooring (2022). All furniture stays with the concept. Property being sold as-is, furniture included (HIT Man solution...Your next 7 bedroom transitional housing concept in recovery from drug and alcohol addiction or traditional duplex conversion OR Short Term Rental (walking distance from stadium)! There are 3BR, 2 full BA downstairs; 4BR, 2 full BA upstairs. No current leases in place. The concept comes with Central Air (new 2020), 2 water heaters (new 2020), heat pump (new 2020). Painted with new flooring (2022). All furniture stays with the concept. Property being sold as-is, furniture included (HIT Man solution foundation repair work estimate on file) - Available upon request. Property currently occupied with a caretaker that cleans and maintains the site (no lease in place). 5M Inspection already available for sale from previous purchaser.
  1. Listed by Hector Orton • Fair Market Value Investment Sales • davidorton@fmvrei.com

Property Details for 1218 Union Street

Architectural Style
TraditonalAmerican
Subdivision Name
Mccartys South Add
Township
Center
Waterfront
No
LISTING UPDATED: 09/20/2024 05:31 PM

Property Details for 1218 Union Street

StatusActive
MLS #21985855
Days on Market76
Taxes$1,381 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1940
Lot Size0.07 AC / 3,049 SF
CountyMarion County

Building Information for 1218 Union Street

Stories-Residences2Year Built1940Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1218 Union Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 1664
  • Road Access: Street Cuts
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491113146072000101
  • Semi Annual Property Tax Amt: 1381
  • Tax Year: 2023
  • TaxLot: 491113146072000101
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Taxes
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 3036.0
  • Lot Size Acres: 0.07
  • New Construction: False
  • Possible Use: Residential, See Remarks
  • Structure Type: Duplex
  • Year Built Numeric: 1940
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • Legal Subdivision: Mc Cartys South E1/2 L56 Ex .47' El X 16' Nlnw Cor
  • Photos Count: 8
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Concrete
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
  • Operating Expense: 0.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Roof: Asphalt
  • Fencing: Chain Link, Partial
Interior Features
  • Basement Description: Exterior Entry, Interior Entry, Unfinished
  • Basement YN: Yes
  • Levels: Two
  • Multi Baths: 4
  • Multi Beds: 7
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 9736
  • Net Operating Income: $28,664.00
  • Gross Income: $.00
  • Gross Scheduled Income: $38,400.00
Unit 1
  • Unit Kitchen: 12x11
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Hot Wtr Elec
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 8x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Hot Wtr Elec
  • Unit Type Type: 4 Bedroom Or More
Rental
Rental Information
  • Tenant Pays: All Utilities, Electricity, Sewer, Water

Property History for 1218 Union Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1218 Union Street

Taxable ValueLand$3,500Additions$81,500Total$85,000
Tax Record2023$2,016 ($168 / month)
Home Facts
Total Finished SqFt2,524 SqFtAbove Grade Finished SqFt2,524 SqFtStories2Lot Size3,036 SqFtStyleMulti-Family Dwelling (2-4)Year Built1940ZoningZO01CountyMARIONAPN49-11-13-146-072.000-101

Schools near 1218 Union Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
James A. Garfield School 31
PublicPK to 8

Arsenal Technical High School
Public9 to 12

HW Longfellow Med/STEM Magnet Midl
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1218 Union Street is a multi-family home for sale in Indianapolis, IN 46225. This property was listed for sale on June 18, 2024 by Fair Market Value Investment Sales, it's currently listed at $239,700. It has been on the market for a total of 76 days and was last sold on July 26, 2013. This listing's school district is Indianapolis Public Schools. Nearby schools include James A. Garfield School 31, George Washington Community High School (9-12) and Arsenal Technical High School. 1218 Union Street is a 0-bed, 0-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fair Market Value Investment Sales

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.