520 N Dearborn Street, Indianapolis, IN 46201
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22128392
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$49,000
- Price per sq. ft.:$21.05
About this home
CALLING ALL INVESTORS AND REHABBERS!! 520 N Dearborn St presents a compelling fix-and-flip opportunity in Rivoli Park on Indianapolis' near east side. Situated on a quiet residential street just beyond an active revitalization zone, this property is positioned directly in the path of progress as redevelopment continues to expand into the surrounding area. This 2-story home offers 3 bedrooms, 1 full bath, 1,586 sq ft of living space, plus a 742 sq ft unfinished basement. The interior is in major disrepair and will require extensive renovation, while the exterior is in comparatively good condition and could benefit from a cosmetic facelift to maximize curb appeal and ARV. The main level features a spacious living room, large formal dining room, eat-in kitchen with breakfast nook, and a semi-open circular layout that could potentially be reconfigured into an impressive open-concept floor plan. The main-level laundry room may also offer potential for conversion to a half bath. Upstairs are all 3 bedrooms and the full bathroom. Much of the original woodwork remains, including baseboards and door/window trim, providing character worth preserving. Renovated properly, potential ARV could approach $250K! Priced for a quick sale. Cash or hard money only; no seller or creative financing. Priority will be given to offers able to close by 10/30....
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Home facts
- Year built:1912
- Subdivision & Development:Hoffmans E Mich St
- Listing ID #:22128392
- Added:1 day(s) ago
- Updated:October 07, 2026 at 07:04 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Dining Description:Dining Combo/Kitchen, Formal Dining Room
- Kitchen Description:Electric Oven, Refrigerator
- Basement:Yes
- Basement Description:Basement, Unfinished
- Living area:1,586 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Year built:1912
- Building area:1,586 sq. ft.
- Lot area:0.1 Acres
- Lot Features:Sidewalks
- Construction Materials:Vinyl With Brick
- Foundation Description:Block
Utilities
- Water:Public Water
Finances and disclosures
- Price:$49,000
- Price per sq. ft.:$21.05
Features and amenities
- Appliances:Refrigerator
- Laundry features:Laundry in Unit
- Amenities:Wood Work Stain/Painted
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