Check out this POTENTIAL TO BUILD NEW ON 2-3 lots on Wisconsin in the Old Southside!!!! In the last year, the cheapest house that sold in the 1/4 mile was $109k AS IS and the cheapest lot in the 1/4 mile sold for 20k (0.11 acre). There are two lots active now on Wisconsin with list prices of 43,900 (0.15 acre) and 44,900 (0.08 acre).

For a total combined lot square feet, this deal comes with 0.30 acre total. One of our lots is 0.14 acre has a small house on it that could be torn down. The other lot is 0.16 acre and could possibly be split into two lots...one at 0.14 acre and one at 0.02 acre. The potential for the 0.02 to be split would match 4 other lots on Illinois on both sides of this one of the same size. One of those lots has a house on it (1205 Illinois) that is a 3/1 with 840 sf and sold for $108500 in March 2022.

Recent 1/4 mile lot sales include:
1133 S Illinois - SOLD $40k (0.08 acre)
1415 Union - SOLD $48k (0.15 acre)

Recent 1/4 mile home sales include:
42 Kansas - SOLD $120k AS IS down to the studs inside (3/2, 1426 sf, 2-car detached, 0.16 acre, 71 DOM)
215 Wisconsin - SOLD $360k (3/2, 2546 sf, 2-car garage, 0.24 acre, 1 DOM)

Location:

106 and 110 Wisconsin St, Indianapolis, IN 46225

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** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.

HUGE POTENTIAL at a great price in the Old Southside!

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