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Magi Strickler

magi@magistricklerrealtor.com +1(317) 478-6624

Listed by Jennifer Blandford • Carpenter, REALTORS®

$200,000

Est. payment - /mo

4 Beds

4 Baths

3,692 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,692 sqft

Price per Sqft $54

Subdivision Fountain Square

MLS Listing ID 22121552

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1895

Tax Year 2025

Lot Size 0.610 Acres

Acres 0.61

Property Sub-Type Single Family Residence

Property Description

Opportunity can be heard whispering through the grand old trees adorning the site of this .61AC lot in the heart of Fountain Square, where a once-majestic-mansion remains in the middle of 5 potential building sites, unearthing one of the most interesting redevelopment venues for residential construction in years. While the existing house doesn't look so bad from the outside, the highest & best use is probably to take her down and split up the ground into 5 new lots to host new homes. The city prefers it, the neighborhood supports it, the market craves it; and this is an exceptional site with D5 zoning, offering a variety of exciting options for new construction. Three new lots, approx 44x127 in size, would front Churchman Ave & 2 would front St Paul St. Utilities are already on site.** The Planning Department has specifically stated a replat here would be encouraged! ** But if restoration is your preference, then the existing house sure would be a labor of love worth taking on. She was built in the 19th century as a massive single-family home of Victorian design and later converted into 4 apartments, with 2 up & 2 down. At some point, the upstairs was gutted to the studs and left unfinished, thus uninhabitable. The apartments on the 1st floor can be occupied, but they are rough. If she were to be brought back to life with a significant renovation, she would be STUNNING in her current location. Everything is possible with vision, time & money, right? Whatever her future, the entire property is being sold strictly AS IS WHERE IS. (P.S. Room count, labels & sizes is subjective & a best guess as the structure is currently undefined as a single family home). A SIGNED HAZARDOUS CONDITION ACKNOWLEDGEMENT & WAIVER OF LIABILITY IS REQUIRED TO ACCESS THE PROPERTY.

Location

State IN

County Marion

Rooms

Main Level Bedrooms 2

Interior

Interior Features Entrance Foyer

Heating Forced Air

Cooling Other

Fireplace N

Appliance None

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N false

Water Access Desc Public

Building

Story Two

Foundation Crawl Space

Water Public

Architectural Style Traditional, Victorian

Structure Type Wood Siding

New Construction false

Schools

Elementary Schools William Mckinley School 39

Middle Schools Arlington Community Middle School

High Schools Arsenal Technical High School

School District Indianapolis Public Schools

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Magi Strickler

+1(317) 478-6624

magi@magistricklerrealtor.com

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1159 Churchman AVE Indianapolis, IN 46203

Magi Strickler

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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