40 Chester

Indianapolis, IN

$129,000

40 Chester, Indianapolis, IN 46201

Indianapolis, IN 46201 · No Subdivision

MLS# MBR22113736

Listed 64 days ago

4 Beds
1 Baths
1,540 Sq. Ft.

About this home

This 4-bedroom, 1-bathroom single-family home features a detached one-car garage with convenient alley access and is currently tenant-occupied, providing immediate rental income. The home offers a functional layout with a formal living room, separate dining room, and a kitchen featuring an eat-in area and breakfast room. Two bedrooms are located on the main level, with two additional bedrooms upstairs, providing flexible living space. Please note that the second floor does not have central heating or air conditioning. Outside, you'll find a covered front porch, a fenced front yard, and a spacious backyard. The property is currently leased for $1,000 per month, which is below current market rent, presenting an excellent opportunity for future rental income growth. Whether you're looking to expand your investment portfolio or purchase a property with value-add potential, this home offers strong upside in a convenient Indianapolis location.

Property Details

Type
Residential
Year Built
1910
Lot Size
0.12 acres
Listed
64 days ago
County
Marion
Listing Office
Rize Commercial Realty LLC
Listing Agent
Karanjod Cheema

Mortgage Calculator

Estimate principal and interest for this listing.

$
%

$25,800

%

Estimated monthly payment

$652/mo

Principal & interest
$652
Loan amount
$103,200

Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.

Listed by Rize Commercial Realty LLC with Karanjod Cheema. Contact karancheemaindy@gmail.com.

Similar Homes in Indianapolis

9625 Treyburn Lakes, Indianapolis
$292,500

3 Beds • 3 Baths · 2,770 Sq. Ft.

9625 Treyburn Lakes

Indianapolis, IN 46239

F.C. Tucker Company

8330 Dove, Indianapolis
$405,000

4 Beds • 3 Baths · 2,440 Sq. Ft.

8330 Dove

Indianapolis, IN 46256

Trueblood Real Estate

5320 Sandwood, Indianapolis
$295,000

4 Beds • 3 Baths · 2,295 Sq. Ft.

5320 Sandwood

Indianapolis, IN 46235

Keller Williams Indy Metro NE

Indiana Regional MLSMIBOR Broker Listing Cooperative

Listings displayed by Mark Dietel Realty

Based on information submitted to the MLS GRID as of September 26, 2026 at 4:46 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IRMLS is the source of this listing information as distributed by MLS GRID.

The compilations of listings and each individual listing are © 2026 MLS GRID. All rights reserved. The listing content is owned by the MLS GRID and is protected by federal copyright law.

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by IRMLS as amended from time to time.

Some IDX listings have been excluded from this website.

Please report suspected listing-data inaccuracies to Mark Dietel Realty. Contact us or call (317) 426-9911.

Copyright complaints: DMCA notice.

MIBOR Broker Listing Cooperative® Disclaimer

© 2026 MIBOR REALTOR® Association

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service.

Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of September 26, 2026 at 4:46 AM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information submitted to the MLS GRID as of September 26, 2026 at 4:46 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.