517 East 17th Street

Indianapolis, IN 46202

$950,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Boutique Hotel, Luxury Historic Apartments, or High End Condo Conversion! Beautifully maintained and operated 6 unit building on Indy's north side with strong historical financials. Includes adjacent ~3000SF of surface parking that could be turned into an additional building or condo units. Additional storage and laundry in basement could be converted to additional rentable space. Commercial grade water heater replaced in 2019. Roof replaced in 2011 Individual HVAC, electric and gas. Main sewer line...Boutique Hotel, Luxury Historic Apartments, or High End Condo Conversion! Beautifully maintained and operated 6 unit building on Indy's north side with strong historical financials. Includes adjacent ~3000SF of surface parking that could be turned into an additional building or condo units. Additional storage and laundry in basement could be converted to additional rentable space. Commercial grade water heater replaced in 2019. Roof replaced in 2011 Individual HVAC, electric and gas. Main sewer line to city sewer line replaced in 2019. All electrical and plumbing has been updated.
  1. Listed by Cory Gardner • Gardner Property Group • Cory@CallGPG.com

Property Details for 517 East 17th Street

Architectural Style
TraditonalAmerican
Subdivision Name
JOHNSONS HEIRS
Township
Center NE
Zoning
PKII
LISTING UPDATED: 01/05/2023 07:32 AM

Property Details for 517 East 17th Street

StatusClosed
MLS #21864512
Days on Market146
Taxes$1,634 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Commercial Units - 5+
Year Built1922
Lot Size0.16 AC / 6,899 SF
CountyMarion County

Building Information for 517 East 17th Street

Stories-Residences6Year Built1922Building Size-Lot Size0.16 AC / 6,899 SF

Property Information for 517 East 17th Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: Google maps
  • Postal Code: 46202
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490636207006000101
  • Semi Annual Property Tax Amt: 1634
  • Tax Exemption: None
  • Tax Year: 2021
Owner
  • Owner Pays: Insurance
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Area Source: Broker
  • Building Information: Fire Alarm,Smoke Alarm,Some Furniture
  • Lot Number: 4
  • Lot Size: 6,900
  • Lot Size Acres: 0.1584
  • MLS: MIBOR
  • New Construction: False
  • Possible Use: Apt<20
  • SqFt Main Upper: 0
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1922
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: None
  • Inspection Warranties: Not Applicable
  • Investment: 1
  • Photos Count: 13
  • Property Sub Type: Commercial Units - 5+
  • Property Type: Residential Income
  • SaleTerms: Cash
  • Supplement Count: 1
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Separate Electric Meter,Separate Gas Meter,Sewer,Water,Cable Available,Municipal Sewer Connected,Municipal Water Connected
  • Solid Waste: 0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
Interior Features
  • Laundry: Common
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 6
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 31879
  • Gross Operating Income: 99598
Unit 1
  • Unit Kitchen: 10x8
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 22x18
  • Unit Miscellaneous: Dishwasher,Disposal,Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 2
  • Unit Num of Rooms: 3
  • Unit Num of Units: 4
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 800
  • Unit Utilities: ClCntrlAir,FuelGas,HeatForced,HotWtrGas
Unit 2
  • Unit Kitchen: 10x8
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 12x12
  • Unit Miscellaneous: Dishwasher,Disposal,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 0
  • Unit Num of Rooms: 2
  • Unit Num of Units: 2
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 400
  • Unit Utilities: ClCntrlAir,FuelGas,HeatForced,HotWtrGas
Rental
Rental Information
  • Tenant Pays: Electricity, Gas, Insurance, Sewer, Water

Property History for 517 East 17th 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 517 East 17th Street

Taxable ValueLand$9,600Additions$190,100Total$199,700
Tax Record2023$4,737 ($395 / month)
Home Facts
Total Finished SqFt7,416 SqFtAbove Grade Finished SqFt7,416 SqFtStories2Lot Size6,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningZO01CountyMARIONAPN49-06-36-207-006.000-101

Schools near 517 East 17th Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington Irving School 14
PublicPK to 6

Center for Inquiry School 27
PublicPK to 8

Arsenal Technical High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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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 Gardner Property Group

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.