6101 Madison Avenue

Indianapolis, IN 46227

$449,000
Price
—
Beds
2,706 Sq. Ft.
$166 / Sq. Ft.
2,706
Sq. Ft.
$166
per Sq. Ft.

Description

This unique investment opportunity has many options to suit the next owner for a great price. Perfect for an owner/investor to live in, rent out one side, both sides, or occupy completely. This property features a duplex with one side being a 2/2 partially renovated townhouse, 2 car heated garage with ample storage space or can be converted for more living area, a serene fenced in brick patio perfect for relaxing and entertaining, and an upgraded kitchen with new appliances. There is room for expanding...This unique investment opportunity has many options to suit the next owner for a great price. Perfect for an owner/investor to live in, rent out one side, both sides, or occupy completely. This property features a duplex with one side being a 2/2 partially renovated townhouse, 2 car heated garage with ample storage space or can be converted for more living area, a serene fenced in brick patio perfect for relaxing and entertaining, and an upgraded kitchen with new appliances. There is room for expanding or adding upgrades to increase the value. The other side of the property is a fully renovated hair salon with 5 booths that can be rented weekly or monthly, 2 private rooms for an esthetician, nail tech, massage, eyelashes/ brow services, spray tans, break room, or an office. The salon also features a half bath, a laundry/stock area, waiting area, 5 car accommodating parking lot with the driveway being able to be used for more parking if needed. There is a tenant currently that may leave or stay with the sale. Owner is the real estate agent and motivated. Do not miss out on this fantastic income property!
  1. Listed by Ryann Hoover • Roger Webb Real Estate, Inc • Ryannhoover00@gmail.com

Property Details for 6101 Madison Avenue

Township
Perry
Waterfront
No
Zoning
D3 w/ com variance
LISTING UPDATED: 12/09/2024 05:41 PM

Property Details for 6101 Madison Avenue

StatusActive
MLS #22014258
Days on Market9
Taxes$2,120 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1948
Lot Size0.47 AC / 20,473 SF
CountyMarion County

Building Information for 6101 Madison Avenue

Stories2Residences-Year Built1948Lot Size0.47 AC / 20,473 SF

Property Information for 6101 Madison Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46227
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491507105005000500
  • Semi Annual Property Tax Amt: 2120
  • Tax Year: 2024
  • TaxLot: 5012553
School Information
  • School District: Perry Township Schools
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Current Use: CommSglTen
  • Lot Size Square Feet: 19628.0
  • Lot Size Acres: 0.47
  • New Construction: False
  • Stories: 2
  • Possible Use: CommMulTen
  • Retail Type: Free Stand
  • Signage: Pylon
  • Space Available: 2706
  • Sq Ft Total: 2706.0
  • Year Renovated: 2022
  • Year Built Numeric: 1948
Property and Assessments
  • Affected by Disclosures: No
  • Divisible: Yes
  • DPRYN: No
  • Legal Subdivision: 49-15-07-105-005.000-500
  • Photos Count: 43
  • Property Attached: No
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Sprinkler: None
  • Utilities: Cable Available, Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Rental
Rental Information
  • Multi Tenants: No

Property History for 6101 Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6101 Madison Avenue

Taxable ValueLand$45,800Additions$94,800Total$140,600
Tax Record2023$3,928 ($327 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt2,706 SqFtAbove Grade Finished SqFt2,706 SqFtStories1Lot Size20,475 SqFtStyleSingle Family ResidenceYear Built1948CountyMARIONAPN49-15-07-105-005.000-500Fireplace TypeMasonry

Schools near 6101 Madison Avenue

This home is within Perry Township Schools.
Rating
School
Type
Grades
Distance
Homecroft Elementary School
Public - PK to 5
Southport 6th Grade Academy
Public - 6
Southport Middle School
Public - 7 to 8
Southport High School
Public - 9 to 12
Rating
School
Distance
Homecroft Elementary School
PublicPK to 5

Southport 6th Grade Academy
Public6

Southport Middle School
Public7 to 8

Southport 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.

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More information about 6101 Madison Avenue, Indianapolis, IN 46227

6101 Madison Avenue is a mixed use property for sale in Indianapolis, IN 46227. This property was listed for sale on December 8, 2024 by Roger Webb Real Estate, Inc, it's currently listed at $449,000. It has been on the market for a total of 9 days and was last sold on May 15, 2009. This listing's school district is Perry Township Schools. Nearby schools include Homecroft Elementary School, Southport 6th Grade Academy and Southport Middle School. 6101 Madison Avenue is a 0-bed, 0-bath, 2,706 sqft mixed use property built in 1948.

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 Roger Webb Real Estate, Inc

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.