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About this home
Rare opportunity for a buyer to live in one unit and rent the other three out! This tenant occupied property is ready for its next owner to add their own creative touch. The current property owner has made updates as needed when units were turned over as well as a full rehab on unit number 4. There was off street parking added in 2025 for convenience for the residents who's units are on the back of the structure but parking on the street where legal is also an option. The home is located within minutes of shops, a grocery store, restaurants, and it just a few miles from downtown Indianapolis. Three units are currently occupied; please do not disturb tenants if passing by. Total income was $2690 when fully occupied. Pictures of all of the units were taken prior to tenants moving in. Agents, please reference private remarks for lease details. Room sizes are estimates
Bosart Brown 4plex! One tenant currently in place paying $600 per month. There are 2 other units almost rent ready which could be rented for $600 - $650 per month per unit. There is an additional unit in the lower level which has not been rented recently. So income on the 3 units could be $1800-$1900 per month. Add the larger 4th unit and monthly income could be a total of $2500 per month. Owner pays all utilities.
MIBOR as Distributed by MLS Grid #21637995
Aug 15, 2019
Listing Removed
—
Aug 15, 2019
Price Changed
$124,900
$53/sq ft
Aug 8, 2019
Price Changed
$92,900
$40/sq ft
Jul 15, 2019
Price Changed
$96,500
$41/sq ft
Jun 28, 2019
Price Changed
$97,900
$42/sq ft
Jun 4, 2019
Price Changed
$99,900
$43/sq ft
May 23, 2019
Price Changed
$109,900
$47/sq ft
May 23, 2019
Relisted
—
May 15, 2019
Pending
—
May 7, 2019
Listed
$119,900
$51/sq ft
MIBOR as Distributed by MLS Grid #21593391
Dec 12, 2018
Listing Removed
—
Dec 10, 2018
Relisted
—
Dec 4, 2018
Listing Removed
—
Sep 4, 2018
Listed
$129,900
$56/sq ft
MIBOR as Distributed by MLS Grid #21345353
Oct 5, 2015
Listing Removed
—
Aug 25, 2015
Price Changed
$72,900
$31/sq ft
Jul 10, 2015
Price Changed
$77,900
$33/sq ft
Apr 8, 2015
Price Changed
$79,900
$34/sq ft
Apr 8, 2015
Listed
$799,000
$341/sq ft
MIBOR as Distributed by MLS Grid #2708825
Feb 9, 2007
Listed
$19,000
$8/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,357 (−12.0%)
$22,200 + $239,100
$261,300
2024
$7,223 (+196.9%)
$22,200 + $273,300
$295,500
2023
$2,433 (+22.3%)
$22,200 + $273,300
$295,500
2022
$1,989 (+13.0%)
$11,100 + $82,700
$93,800
2021
$1,760 (−4.6%)
$10,100 + $57,500
$67,600
2020
$1,846 (+71.9%)
$10,100 + $57,500
$67,600
2019
$1,074 (−0.4%)
$10,100 + $61,100
$71,200
2018
$1,078 (+13.5%)
$10,100 + $27,200
$37,300
2017
$950 (−55.4%)
$10,100 + $25,900
$36,000
2016
$2,130 (+54.8%)
$10,100 + $25,900
$36,000
2015
$1,376 (+3.1%)
$10,100 + $52,400
$62,500
2014
$1,334 (+4.1%)
$10,100 + $52,400
$62,500
2013
$1,282
$10,100 + $51,600
$61,700
Public record
Public record
Zoning
Permits
Beds
4
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
1990
Finished Sq. Ft.
1,240
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,240
Year built
1920
Style
Other
County
Marion County
APN
491004132012000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D8
COMPACT
TOD
Dwelling District Eight
The D-8 district is intended for a variety of housing formats, with a mix of small-scale multi-unit building types. This district can be used as a part of new mixed-use areas, or for infill situations in established urban areas, including medium and high-density residential recommendations of the Comprehensive Plan, and the Traditional Neighborhood, City Neighborhood, and Village or Urban Mixed-Use Typologies of
the Land Use Pattern Book.
Zone overlays
Compact Context Area
Transit Oriented Development Secondary Zoning District
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Park & open space
May 23, 2022 • Final
Electrical - multi-family
Electrical
Electric meter
Apr 18, 2022 • Final
Electrical - multi-family
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 18 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46201
Average low and high temperatures (°F)
32
18
42
26
61
40
68
48
72
54
83
66
87
72
82
65
81
61
70
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 15 N Riley Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $205,000 and $260,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $205K to $260K.