55 N Chester Avenue, Indianapolis, IN 46201

$194,995
: 4
BD
: 2
BA
: 2,574
SqFt

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List Price: $194,995
Price Change: ▼ $5,000 1787367901
MLS#: 22118464
Property Type: Residential
Bedrooms: 4
Bathrooms: 2
Sqft. of Residence: 2,574
Year Built: 1920
Days on Market: 37
Status: ACTIVE

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Property Description

Fully rehabbed and truly turnkey investment opportunity! This beautifully renovated 4-bedroom, 2-bath home is the perfect addition to any rental portfolio, offering immediate cash flow with reliable long-term tenants already in place. The current lease runs through May 31, 2027, providing steady rental income from day one. The home has been extensively updated inside and out, including new flooring, a fully renovated kitchen with new countertops and stainless steel appliances, updated bathrooms, and modern finishes throughout. Major capital improvements have already been completed, including a new HVAC system (2025), new water heater (2025), and replacement of approximately half of the sewer line (2025), giving the next owner peace of mind and minimizing future maintenance expenses. Additional features include washer and dryer hookups on the second floor, a detached 2-car garage, and a well-maintained yard. If you're looking for a low-maintenance, income-producing property with dependable tenants who consistently pay on time, this is the opportunity you've been waiting for. Buy today and start collecting rent tomorrow-without the hassle of renovations, leasing, or major repairs. Property is tenant occupied. Please do not disturb tenants. Showings by appointment only.

(765) 413-6516

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Additional Information

Basement: Unfinished
Foundation: Block
Stories: One and One Half
Architecture: Craftsman
Equipment: None
Interior: Breakfast Bar, Kitchen Island, Eat-in Kitchen
Acres: 0.12
Heat: Forced Air, Natural Gas
Cooling: Central Air
Financing: Conventional, FHA, VA
Appliances: Dishwasher, Gas Water Heater, Electric Oven, Range Hood, Refrigerator, Water Heater
Semi-Annual Taxes: $1,423
Garage: Yes
Region: Center
Eating Areas: Formal Dining Room