Prime Multi-Family Development Opportunity - Two Lots Sold Together! Seize this incredible opportunity to own two adjacent lots in a prime location, zoned for multi-family development. These combined lots offer ample space to bring your vision to life, whether it's townhomes, duplexes, or an apartment complex. Possibilities are endless. Don't let this opportunity go by! Check it out today!
This brick home sits on 2 lots! Living Room and Bedrooms have hardwood floors. Kitchen with oak cabinets and newer gas stove and refrigerator. Washer and Dryer included! Basement Rec Room is perfect for hanging out and watching TV. Tons of storage area including a cedar closet in Basement. Large yard is fenced and has 2 mini barns for additional storage. Garage is oversized 1 car and has a carport. This home is ready for its new owner!
Year
Property tax
Land + Additions
Assessment*
2025
$2,857 (−34.8%)
$6,000 + $85,700
$91,700
2024
$4,384 (+29.4%)
$6,000 + $73,700
$79,700
2023
$3,387 (+448.9%)
$6,000 + $73,700
$79,700
2022
$617 (+21.4%)
$6,000 + $71,400
$77,400
2021
$508 (+6.1%)
$6,000 + $48,600
$54,600
2020
$479 (+43.9%)
$6,000 + $48,600
$54,600
2019
$333 (+6.8%)
$1,700 + $49,200
$50,900
2018
$312 (+31.7%)
$1,700 + $30,100
$31,800
2017
$237 (−51.1%)
$1,700 + $19,900
$21,600
2016
$484 (+10.8%)
$1,700 + $19,900
$21,600
2015
$437 (+8.7%)
$1,700 + $17,900
$19,600
2014
$402 (+30.5%)
$1,700 + $18,000
$19,700
2013
$308
$1,700 + $16,800
$18,500
Tax history for 416 N Rural St
Year
Property tax
Land + Additions
Assessment*
2025
$2,857 (−34.8%)
$6,000 + $85,700
$91,700
2024
$4,384 (+29.4%)
$6,000 + $73,700
$79,700
2023
$3,387 (+448.9%)
$6,000 + $73,700
$79,700
2022
$617 (+21.4%)
$6,000 + $71,400
$77,400
2021
$508 (+6.1%)
$6,000 + $48,600
$54,600
2020
$479 (+43.9%)
$6,000 + $48,600
$54,600
2019
$333 (+6.8%)
$1,700 + $49,200
$50,900
2018
$312 (+31.7%)
$1,700 + $30,100
$31,800
2017
$237 (−51.1%)
$1,700 + $19,900
$21,600
2016
$484 (+10.8%)
$1,700 + $19,900
$21,600
2015
$437 (+8.7%)
$1,700 + $17,900
$19,600
2014
$402 (+30.5%)
$1,700 + $18,000
$19,700
2013
$308
$1,700 + $16,800
$18,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
31 ft.
Lot depth
188 ft.
Lot size
5,837 Sq. Ft.
Year renovated
1955
Sq. Ft.
756
Year built
1900
Style
Single Family Residential
County
Marion County
APN
491005104011000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D8
COMPACT
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
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Park & open space
Oct 13, 2025 • Active
Structural - one or two family
Construct a new detached three-car garage.
Addition
New construction
Oct 13, 2025 • Active
Improvement location permit-1-2 family
Construct a new detached three-car garage.
ADU
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.
Property details
Exterior
Farm Information
Horse Amenities: None
Property Information
Development Status: Not Applicable
Property Type: Land
Other Structures: See Remarks
Property Sub Type: Residential Lots
Zoning: D8
Land Information
Topography: Other
Soil Type: Not Applic
Acres: 1/4-1/2 Acre
Land Characteristics: City
Lot Information
Facilities On: Electric,Gas,Sewer,Water
Facilities Near: Cable
Divisible: Yes
Number Of Lots: 2
Lot Size Acres: 0.299
Road Surface Type: Concrete
Road Frontage Type: City Street
Present Zoning: Multi-Fam
Road Access: Frontage Road
Utilities
Utility Information
Sewer: Municipal Sewer On Site
Water Information: Municipal Water on Site
Solid Waste Information: Yes
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: F W Scheeles E Mich St Add L16
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 756
Stories: 1.0
Lot Size: 5,837 square feet
Style: Single Family Residential
Year Built: 1900
Year Renovated: 1955
County: Marion County
APN: 491005104011000101
Home facts updated by county records on Jul 29, 2026