520 N Dearborn Street
Indianapolis, IN 46201
$49,000
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.
Listing Courtesy of: Keller Williams Indpls Metro N
317-450-9202
Agent licensed in IN
| Listing Id: | 22128392 |
|---|---|
| List Price: | $49,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Pending |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 1 |
| Bathrooms Half: | 0 |
| Living Area: | 1,586 |
| Semi Annual Property Tax Amt: | $2,216 |
| Lot Size Acres: | 0.1 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Indianapolis |
| County Or Parish: | Marion |
| Subdivision Name: | Hoffmans E Mich St |
| Postal Code: | 46201 |
| Year Built: | 1912 |
| Appliances: | Electric Oven, Refrigerator |
| Basement: | Yes |
| Basement: | Unfinished |
| Bathrooms Total Integer: | 1 |
| Building Area Source: | Assessor |
| High School District: | Indianapolis Public Schools |
| Building Area Total: | 2,328 |
| Construction Materials: | Vinyl With Brick |
| MLS Area Major: | Center |
| Cooling: | None |
| Current Financing: | Other |
| Directions: | GPS Friendly |
| Fireplaces Total: | 0 |
| Foundation Details: | Block |
| Heating: | Forced Air, Gas |
| Interior Features: | WoodWorkStain/Painted |
| Levels: | Two |
| Accessibility Features YN: | No |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Bedrooms MU: | 3 |
| Beds MU: | 3 |
| Laundry Features: | Main Level |
| Lot Features: | Sidewalks |
| DPRYN: | Yes |
| Eating Area: | Dining Combo/Kitchen, Formal Dining Room |
| Estimated Closing Date: | 2026-10-16T04:00:00 |
| Main Level Bedrooms: | 0 |
| Full Baths Basement: | 0 |
| Full Baths Main: | 0 |
| Full Baths MU: | 1 |
| Full Baths Upper: | 1 |
| Main Level Sq Ft: | 844 |
| Price Acre: | 490000 |
| Property Condition: | Fixer |
| Rooms MU: | 6 |
| Rooms Total MU: | 6 |
| Solid Waste: | Yes |
| Sq Ft MU: | 1586 |
| Trans Type: | Sale |
| Upper Sq Ft: | 742 |
| Original List Price: | $49,000 |
| Parcel Number: | 491005139007000101 |
| Possession: | Closing |
| Postal Code Plus4: | 2414 |
| Rooms Total: | 6 |
| Special Listing Conditions: | As Is |
| State Or Province: | IN |
| Tax Year: | 2025 |
| Water Source: | Public |
| Horse Amenities: | None |
| Full Bathrooms Mu: | 1 |
| Num Bedrooms Upper: | 3 |
| Percent Optional Level Finished: | 0 |
| Rooms Basement: | 0 |
| Rooms Main: | 3 |
| Rooms Upper: | 3 |
| Utility Prim Sewage Disp: | Municipal Sewer Connected |
| Patio And Porch Features: | Covered |
| Pending Timestamp: | 2026-10-07 |
| Fence Yn: | No |
| Low Maintenance Lifestyle Yn: | No |
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MIBOR Broker Listing Cooperative® data last updated on October 09, 2026 01:51 AM - ET
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Property Last Updated: October 09, 2026 01:51 AM - ET
