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767 N Elder Ave, Indianapolis, IN, 46222

1beds
1baths
--sqft
$124,900
--price/sqft
$1,204/moest. monthly cost
$48,160/yrincome needed

About This Home

Great investment opportunity at 767-769 N Elder Ave. This property is a fantastic opportunity for an investor or buyer looking to renovate and make it their own. The sale also includes the adjacent vacant lot at 763 N Elder Avenue, providing additional possibilities for expansion, development, or added outdoor space. Property is being sold as-is.

Getting Around

39
WalkingCar-Dependent
40
TransitSome Transit
60
BikeBikeable

Construction

Condition

  • Property condition: Fixer
  • Year built: 1920

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1

Cooling

  • Cooling features: Window Unit(s)

Property

Details

  • Parcel number: 491103137183000101
  • Special condition: As Is

Lot

  • Lot size: 3,049 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Tornado
Earthquake
Hail
Heat Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $631$7,572
Home Insurance *$132$1,584
Property Taxes $257$3,084
Electricity $184$2,212
Total$1,204$14,448
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$41,280/yr
40% on housing$36,120/yr
45% on housing$32,106/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46222$90
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46222$96
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-08Price change$159,900
2026-04-28Listed for sale$169,900

For Sale by Agent

AgentJasmine Tracy
BrokerageBHB Real Estate Group

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