5130 E Michigan St, Indianapolis, IN, 46219
About This Home
Fantastic investment opportunity to own this duplex in the heart of Irvington, known for its historic charm and strong community feel. This property features 3 bedrooms and 2 full bathrooms in both units. Both units have Range and refrigerator as well as washer/dryer hookup on the main floor. Unit 2 is currently tenant occupied, providing $970 mo immediate cash flow. Unit 1 had been recently renting for $1,090 mo. Unit 1 has a new 90% gas furnace and newer LVP flooring and carpets and ready to be rented. Easy to maintain vinyl siding. Conveniently located near shopping, grocery stores, restaurants and Ellenberger Park. Property Sold as-is. Tenants pay all utilities except water/sewer. Tenants do not have access to the basement so could also provide another stream of income for storage.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Block
- Roof: Asphalt
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family,Duplex
Interior
Appliances
- Laundry features: Connections All
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating & Cooling
- Heating features: Electric,Forced Air,Natural Gas,High Efficiency (90%+ AFUE )
- Cooling features: Central Air
Property
Details
- Parcel number: 491003114078000701
- Attached to another structure: Yes
- Special condition: As Is
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 5,662 sqft
- Features: Access
Parking
- Total spaces: 2
- Parking features: Alley Access,Gravel
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
- Cold Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,086 | $13,032 |
| Home Insurance * | $170 | $2,040 |
| Property Taxes | $344 | $4,128 |
| Electricity | $184 | $2,212 |
| Total | $1,784 | $21,408 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-16 | Listed for sale | $214,900 |
| 2006-11-07 | Sold | $23,500 |
| 2006-07-12 | Sold | $76,500 |
| 2003-11-24 | Sold | $120,000 |
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