4702 Michigan Road, Indianapolis, IN 46228

$240,000 Asking Price

2 beds
1 bath
1,124  sqft
Built in 1850

A piece of Indiana History, "The Toll House", provides you with the charm of an 1850's home and the remodeled necessities of today's living. Updated kitchen with gas oven/range, covered porch, separate formal dining room, living room with 2 beds upstairs. Huge backyard for gatherings or "urban homesteading" with a fire pit gathering area. This property is nestled on Michigan Rd. with perfect access to the new RH Gallery, Newfields (Indiana Museum of Art), walking distance to the International School of Indiana (ISI), convenient to Indiana Motor Speedway, Downtown Indy and Broad Ripple. It has served well as a rental unit to Butler University, IU Med School, & Marian University students, ISI staff, and a successful Airbnb location with easy access to I 65. There are (2) parcels in this sale - 490610109009000800 & 490610109010000800. TV bracket stays with home. TV does not convey. Portable Simply Safe monitoring system does not convey. Fireplace is faux and non-functional. 24 hour window for offer response needed. Roof to be replaced prior to close with solid and strong offer, per the pre-approved materials by Indiana Landmarks, which are basically the same type and color shingles that are already on the home.


Features & Amenities

Interior

General:
Hi-Speed Internet Availbl
Appliances:
Dishwasher, Dryer, Disposal, Gas Water Heater, Laundry Connection in Unit, Gas Oven, Refrigerator, Washer, Other
Laundry:
Main Level
A/C:
Central Electric
Heating:
Gas
Fireplace:
Fireplaces: 0

Exterior

General:
Outdoor Fire Pit
Style:
Farmhouse
Other Structures:
Covered Porch
Parking:
Gravel

Construction

General:
Two, Cellar

Location

Originating MLS:
mibor
School District:
MSD Washington Township
County:
Marion

Lot

Zoning:
Beg 805Ft N Of Sl 61.9Ft On Mich Rd 165Ft E1/2Sw1/4 S10 T16 R3 .12Ac & Pt Se 1/4 Sw 1/4 S10 T16 R3 Beg on S Line SW 1/4 Se 1/4 S 10t16r3 805'NW along C/L Michigan Rd & 165' SW ofc/L Michigan Rd SW 56.29, 490610109010000800
Fencing:
Partial, Front Yard

Utilities

Utilities:
Cable Available, Gas Nearby, Septic System, Water Connected
Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
F.C. Tucker Company, Sarah Kimball

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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