1218 Union Street, Indianapolis, IN 46225

Property Description

Discover an incredible investment or house hacking opportunity in the heart of Indy's Old Southside, just steps from everything downtown has to offer. This 7-bedroom, 4-bath single-family home is ideally situated less than a mile from Lucas Oil Stadium, a half mile from Eli Lilly's corporate offices, one mile from the Indiana Convention Center, and just minutes from major employers and attractions like White River Gardens Concert Venue, IU Health and Riley Hospital, Eskenazi Hospital, and I-70 for easy access. The property is also only 15 minutes from Indianapolis International Airport, making it a prime location for short-term rental guests. Airbnb rates in the area range from $36 to $187 per night in the winter season, giving investors strong income potential. The home features a flexible layout with 3 bedrooms and 2 baths downstairs and 4 bedrooms and 2 baths upstairs, along with two kitchens and two laundry areas-ideal for co-living, Airbnb, or creating separate rentable spaces. Major system updates include a new central air system, two water heaters, and a heat pump, all installed in 2020, along with newly insulated exterior walls, fresh paint, and new flooring in 2022. All furniture stays with the home, and the property is being sold as-is, fully furnished. Classified as 419 "Other Com Housing" in public records, the property also comes with a foundation repair estimate on file. It's currently caretaker-occupied with no lease in place, allowing immediate flexibility for a new owner.

Listing Status:

Active

Listing Office:

Highgarden Real Estate : 317-698-3575

Listing Agent:

Leyton Wellbaum : 317-698-3575

MLS ID:

22067339

Interior

• Basement: Exterior EntryInterior EntryUnfinished
• A/C: Window Unit(s)

Exterior

• Style: Traditional
• Parking: On Street

Construction

• Roofing: Asphalt
• General: TwoOne and One HalfBlock

Location

• Road/Access: Concrete
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Mc Cartys South E1/2 L56 Ex .47' El X 16' Nlnw Cor491113146072000101
• Fencing: Chain LinkPartial
• Current Use: Residential

Financial

• Source: mibor

This listing courtesy of Leyton Wellbaum, Highgarden Real Estate