640 N Somerset Avenue, Indianapolis, IN 46222

$114,750 Asking Price

2 beds
1 bath
720  sqft
Built in 1941

Here's a fabulous opportunity to buy a home directly across the street from IPS "The Path" school for K-8th grade! The house will need numerous repairs which should provide some sweat equity in this rapidly improving neighborhood! The basement may have potential for additional living space, bedroom or hobby room. Seller will consider a land contract with as little as 10% down and 11.5% interest.


Features & Amenities

Interior

General:
Attic Access
Appliances:
None
A/C:
None
Heating:
Forced Air
Fireplace:
Fireplaces: 0

Exterior

Style:
Bungalow
Parking:
Detached

Construction

General:
One, Block

Location

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

Lot

Zoning:
Fairfax L304, 491105117262000901

Utilities

Water:
Other

Financial

Source:
mibor
Buyers Agent Compensation:
3 %

This listing courtesy of:
Wynkoop Brokerage Firm, LLC, Scott Wynkoop

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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