1209 Madeira Street, Indianapolis, IN 46203

$160,000 Asking Price

3 beds
2 baths
1,480  sqft
Built in 2024

This is an affordable housing build developed by Southeast Neighborhood Development (SEND). Buyer's income must qualify under current HUD Income Limits. Property must be owner-occupied. INCOME RESTRICTIONS APPLY WITHOUT EXCEPTION! HUD HOME Program Income Limits - total combined household income of all members 18+ cannot exceed the following income thresholds: Household of 1: $54,150, Household of 2: $61,900, Household of 3: $69,650, Household of 4: $77,350, Household of 5: $88,500, Household of 6: $89,750. All buyers must apply at SEND (Southeast Neighborhood Development) website and qualify before an offer will be accepted. Buyer's monthly housing cost cannot exceed 30% of total monthly income, as determined by the "Affordability Analysis" located in supplements. Buyer's lender should complete affordability analysis before agent submits an offer.


Features & Amenities

Interior

General:
Attic Access, Bath Sinks Double Main, Center Island, Windows Vinyl
Appliances:
Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator, Washer
Laundry:
Main Level
A/C:
Central Electric
Heating:
Forced Air, Gas

Exterior

Style:
Ranch

Construction

General:
One, Slab

Location

Originating MLS:
mibor
School District:
Indianapolis Public Schools
County:
Marion

Lot

Zoning:
Hosbrooks Prospect St Add L72, 491017101094000101

Utilities

Utilities:
200+ Amp Service
Water:
Municipal/City

Financial

Source:
mibor
Buyers Agent Compensation:
2.5 %

This listing courtesy of:
@properties, Daniel McNeal

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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