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40 S Chester Avenue, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
40 S Chester Avenue,Indianapolis, IN 46201
$129,000
  • 4 Beds
  • 1 Baths
  • 1,540 sq. ft.
  • Single family
  • Active
Listed by: karanjod cheema
Office: rize commercial realty llc.
MLS#:22113736
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$129,000
  • Price per sq. ft.:$49.24

About this home

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.

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Home facts

  • Year built:1910
  • Subdivision & Development:No Subdivision
  • Listing ID #:22113736
  • Added:62 day(s) ago
  • Updated:September 14, 2026 at 08:44 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:1
  • Full bathrooms:1
  • Dining Description:Breakfast Room
  • Basement:Yes
  • Basement Description:Basement, Unfinished
  • Living area:1,540 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Central air:Yes

Structure and exterior

  • Year built:1910
  • Building area:1,540 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Vinyl With Brick
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$129,000
  • Price per sq. ft.:$49.24

Parking

  • Garage:Yes
  • Garage spaces:1
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