40 S Chester Avenue, Indianapolis, IN 46201
- $142,000
- 4
- BD
- 1
- BA
- 2,620
- SqFt
- List Price
- $142,000
- MLS#
- 22113736
- Property Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 1
- Sqft. of Residence
- 2,620
- Year Built
- 1910
- Days on Market
- 16
- Status
- ACTIVE
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.
/u.realgeeks.media/indymlstoday/KellerWilliams_Infor_KW_RGB.png)
Additional Information
- Basement
- Unfinished
- Foundation
- Concrete Perimeter
- Stories
- Two
- Architecture
- Traditional
- Interior
- Hardwood Floors, Eat-in Kitchen
- Acres
- 0.12
- Heat
- Natural Gas
- Cooling
- Central Air
- Appliances
- Other
- Semi-Annual Taxes
- $1,320
- Garage
- Yes
- Region
- Center
- Eating Areas
- Breakfast Room
Mortgage Calculator
Listing courtesy of Rize Commercial Realty LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative