40 S Chester AVE, Indianapolis, IN 46201
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40 S Chester AVE, Indianapolis, IN 46201
40 S Chester AVE, Indianapolis, IN 46201
40 S Chester AVE, Indianapolis, IN 46201
40 S Chester AVE, Indianapolis, IN 46201
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Randy Worrell

Randy Worrell

+1(317) 590-5709
Listed by Karanjod Cheema • Rize Commercial Realty LLC
$ 142,000
Est. payment /mo
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40 S Chester AVE Indianapolis, IN 46201

4 Beds

1 Bath

2,620 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,620 sqft

Price per Sqft $54

Subdivision No Subdivision

MLS Listing ID 22113736

Bedrooms 4

Full Baths 1

HOA Y/N No

Year Built 1910

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Property Description

This 4-bedroom, 1-bathroom single-family home features a detached one-car garage with convenient alley access and is currently tenant-occupied, providing immediate rental income. The home offers a functional layout with a formal living room, separate dining room, and a kitchen featuring an eat-in area and breakfast room. Two bedrooms are located on the main level, with two additional bedrooms upstairs, providing flexible living space. Please note that the second floor does not have central heating or air conditioning. Outside, you'll find a covered front porch, a fenced front yard, and a spacious backyard. The property is currently leased for $1,000 per month, which is below current market rent, presenting an excellent opportunity for future rental income growth. Whether you're looking to expand your investment portfolio or purchase a property with value-add potential, this home offers strong upside in a convenient Indianapolis location.

Location

State IN

County Marion

Rooms

Basement Unfinished

Main Level Bedrooms 2

Interior

Interior Features Hardwood Floors, Eat-in Kitchen

Heating Natural Gas

Cooling Central Air

Fireplace N

Appliance Other

Exterior

Garage Spaces 1.0

Water Access Desc Public

Building

Story Two

Foundation Concrete Perimeter

Water Public

Architectural Style Traditional

Structure Type Vinyl With Brick

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
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Randy Worrell

Randy Worrell

Broker

+1(317) 590-5709

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40 S Chester AVE