40-42 W 56th Street, Indianapolis, IN 46208

Discover an exceptional investment opportunity with this well-maintained duplex, perfectly situated just steps away from The Shoppes at 56th & Illinois. This unique property offers a blend of residential & commercial potential, with one side of the duplex benefiting from a commercial variance, a rare find in today's market. The duplex features two bedrooms, an updated bath, a spacious living room, and a fully equipped kitchen on each side. The clean and finished basement presents an excellent value-add opportunity, featuring a half bath ready for a full bedroom conversion. One side has a wet bar as well. Both units have been thoughtfully updated with modern kitchens, including appliances, and contemporary bathrooms. Recent updates to the fireplaces (converted to ventless gas) mechanical systems, electrical, plumbing, and roofing provide peace of mind and low maintenance for future owners. A standout feature is the detached garage, offering a potential third revenue stream. This … read more …