1315 Union Street

Indianapolis, IN 46225

$465,000
Price
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Beds
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per Sq. Ft.

Description

The marvelously updated Bates-Hendricks duplex is an investor's dream! Each side has 3 bedrooms and 2.5 bathrooms, allowing you to maximize rents and get a great return on your investment! As it stands, this property is bringing in over $3000/month. However, rent estimation websites indicate the average rent for a home this size in the area is $1900 (per-side), so there may be an instant opportunity to improve ROI! This property has been gutted to the studs and will have your tenants proud to call...The marvelously updated Bates-Hendricks duplex is an investor's dream! Each side has 3 bedrooms and 2.5 bathrooms, allowing you to maximize rents and get a great return on your investment! As it stands, this property is bringing in over $3000/month. However, rent estimation websites indicate the average rent for a home this size in the area is $1900 (per-side), so there may be an instant opportunity to improve ROI! This property has been gutted to the studs and will have your tenants proud to call it home! This property is being sold with a larger portfolio with the blc numbers: 21981814, 21981810, 21981802, 21981820, 21981817, 21981809, 21981807, 21981816, 21981806, 21981800, 21981811, 21981796, 21981813, 21981818, 21984186, 21981803. The portfolio is valued at over 3.5 million. The seller is willing to accept an offer of $3,000,000 for the entire portfolio!
  1. Listed by Dustin Branum • AMR Real Estate LLC • Dustin.Branum@AMR.Group

Property Details for 1315 Union Street

Architectural Style
TraditonalAmerican
Subdivision Name
No Subdivision
Township
Center
LISTING UPDATED: 11/06/2024 12:45 PM

Property Details for 1315 Union Street

StatusActive
MLS #21981810
Days on Market157
Taxes$2,728 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1917
Lot Size0.11 AC / 4,791 SF
CountyMarion County

Building Information for 1315 Union Street

Stories-Residences2Year Built1917Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 1315 Union Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 1665
  • Road Access: Frontage Road
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491113146097000101
  • Semi Annual Property Tax Amt: 2728
  • Tax Year: 2023
  • TaxLot: 1032406
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 4966.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Year Built Numeric: 1917
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Mc Cartys South Add L78
  • Photos Count: 15
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Expenses: 0
  • Gross Income: $36,600.00
Unit 1
  • Unit Kitchen: 13x11
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 13x11
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 3 Bedroom

Property History for 1315 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 1315 Union Street

Taxable ValueLand$7,700Additions$194,400Total$202,100
Tax Record2023$4,794 ($399 / month)
Home Facts
Total Finished SqFt1,508 SqFtAbove Grade Finished SqFt1,508 SqFtStories2Lot Size4,966 SqFtStyleDuplexYear Built1917Year Renovated2015CountyMARIONAPN49-11-13-146-097.000-101

Schools near 1315 Union Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
James A. Garfield School 31
Public - PK to 8
Arsenal Technical High School
Public - 9 to 12
George Washington Community High School (9-12)
Public - 9 to 12
Emmerich Manual High School
Public - 12
Rating
School
Distance
James A. Garfield School 31
PublicPK to 8

Arsenal Technical High School
Public9 to 12

George Washington Community High School (9-12)
Public9 to 12

Emmerich Manual High School
Public12

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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More information about 1315 Union Street, Indianapolis, IN 46225

1315 Union Street is a multi-family home for sale in Indianapolis, IN 46225. This property was listed for sale on June 18, 2024 by AMR Real Estate LLC, it's currently listed at $465,000. It has been on the market for a total of 157 days and was last sold on February 15, 2006. This listing's school district is Indianapolis Public Schools. Nearby schools include James A. Garfield School 31, Arsenal Technical High School and George Washington Community High School (9-12). 1315 Union Street is a 0-bed, 0-bath, multi-family home built in 1917.

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 AMR Real Estate LLC

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.