409 S Swain Ave, Bloomington, IN, 47401
About This Home
**AUCTION – LIST PRICE IS THE OPENING BID PRICE. Established IU campus-area investment property at 409 S Swain Ave, conveniently located just off Atwater Avenue. This one-story property offers approximately 2,478 finished SF, including approximately 1,113 SF of finished basement space. County records identify 8 bedrooms, 4 full baths, two kitchen sinks and two water heaters. The property is classified by the county as Other Commercial Housing. Situated on approximately 0.18 acres, additional features include central heat and A/C, a 525 SF concrete patio and approximately 2,500 SF of asphalt paving providing valuable off-street parking. Located near Indiana University, the Jacobs School of Music, IU facilities, dining, entertainment and downtown Bloomington. One of seven edge-of-campus investment properties being offered as part of a generational real estate portfolio auction. Online bidding opens August 27. Live/Simulcast Auction September 3 at 1 PM ET at the Bloomington Convention Center. Buyers should independently verify zoning, permitted uses and all property information. IMPORTANT PROPERTY VIEWING & INSPECTION INFORMATION Due to the properties being currently occupied by multiple tenants, all properties included in this auction will be available for viewing and inspection on ONE DAY ONLY: Friday, August 14 | 9:00 AM – 5:00 PM During this designated inspection event, all auction properties will be open and available for prospective buyers, real estate agents, inspectors, contractors, and other professionals to walk through and evaluate. No private or individual showings will be available before or after August 14. Real estate agents will not be able to schedule separate showing appointments for their clients. Buyers are strongly encouraged to attend on August 14 and complete any desired inspections or due diligence during this time. Buyers may bring their real estate agent, inspector, contractor, or other advisors with them. Please plan accordingly, as August 14 will be the only opportunity. ZONING: Residential multifamily (RM)
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Roof: Asphalt
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Full,Block
Bedroom1
- Level: Main
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 5
Dining Room
- Level: Main
- Area: 72
Features
- Finished area below ground: 1,113
- Finished area above ground: 1,365
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,478
- Total interior livable area: 2,478 sqft
Kitchen
- Level: Main
- Area: 100
Property
Details
- Parcel number: 530803204019.000009
- Zoning: RM
- Special condition: Auction
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 7,840 sqft
- Features: 0-2.9999,City/Town/Suburb,Near College Campus
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
- Strong Wind
- Winter Weather
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 | $1,516 | $18,192 |
| Home Insurance * | $131 | $1,572 |
| Property Taxes | $515 | $6,180 |
| Electricity | $227 | $2,725 |
| Total | $2,389 | $28,668 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Listed for sale | -- |
| 2026-08-04 | Listing removed | -- |
| 2026-07-28 | Listed for sale | -- |
| 2025-10-29 | Listing removed | $4,950 |
| 2025-09-27 | Price change | $4,950 |
| 2025-09-16 | Listed for rent | $5,500 |
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