ATTENTION ALL INVESTORS - HOUSE HACK OPPORTUNITY. This fully remodeled duplex is a prime investment in a rapidly growing area just minutes from downtown. Featuring modern updates throughout, the property is receiving its final finishing touches and will be completed before closing. Whether you plan to live in one unit while renting out the other or add a turnkey investment to your portfolio, this is a rare chance to secure a high-quality, income-producing property in a desirable location.
Investment opportunity in the popular Rivoli Park neighborhood. This large 3 bed, 1 bath (per side) duplex will require a full renovation. Located in an area of aggressive redevelopment with recent renovations next door and directly across the street. Please have your local contractor ready to inspect the property prior to making offers. Property is currently vacant.
MIBOR as Distributed by MLS Grid #21556812
Apr 9, 2018
Listed
$74,900
$0/sq ft
MIBOR as Distributed by MLS Grid #2468236
Dec 15, 2004
Listed
$56,900
$0/sq ft
MIBOR as Distributed by MLS Grid #2455307
Dec 15, 2004
Listing Removed
—
Sep 30, 2004
Listed
$46,900
$0/sq ft
MIBOR as Distributed by MLS Grid #2422912
Jul 15, 2004
Listing Removed
—
Apr 26, 2004
Listed
$46,000
$0/sq ft
MIBOR as Distributed by MLS Grid #2357988
May 15, 2004
Listing Removed
—
Nov 6, 2003
Listed
$59,900
$0/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,758 (+2,168.5%)
$17,000 + $161,200
$178,200
2024
$122 (−89.2%)
$17,000 + $140,000
$157,000
2023
$1,130 (+0.2%)
$17,000 + $140,000
$157,000
2022
$1,128 (+870.7%)
$17,000 + $131,200
$148,200
2021
$116 (−93.5%)
$17,000 + $107,200
$124,200
2020
$1,774 (−26.8%)
$17,000 + $107,200
$124,200
2019
$2,423 (+17.8%)
$2,300 + $110,600
$112,900
2018
$2,057 (−1.0%)
$2,300 + $102,200
$104,500
2017
$2,078 (+50.6%)
$2,300 + $77,600
$79,900
2016
$1,380 (+11.7%)
$2,300 + $77,600
$79,900
2015
$1,235 (+15.4%)
$2,300 + $59,000
$61,300
2014
$1,070 (+4.0%)
$2,300 + $53,800
$56,100
2013
$1,029
$2,300 + $47,200
$49,500
Tax history for 637 N Rural St
Year
Property tax
Land + Additions
Assessment*
2025
$2,758 (+2,168.5%)
$17,000 + $161,200
$178,200
2024
$122 (−89.2%)
$17,000 + $140,000
$157,000
2023
$1,130 (+0.2%)
$17,000 + $140,000
$157,000
2022
$1,128 (+870.7%)
$17,000 + $131,200
$148,200
2021
$116 (−93.5%)
$17,000 + $107,200
$124,200
2020
$1,774 (−26.8%)
$17,000 + $107,200
$124,200
2019
$2,423 (+17.8%)
$2,300 + $110,600
$112,900
2018
$2,057 (−1.0%)
$2,300 + $102,200
$104,500
2017
$2,078 (+50.6%)
$2,300 + $77,600
$79,900
2016
$1,380 (+11.7%)
$2,300 + $77,600
$79,900
2015
$1,235 (+15.4%)
$2,300 + $59,000
$61,300
2014
$1,070 (+4.0%)
$2,300 + $53,800
$56,100
2013
$1,029
$2,300 + $47,200
$49,500
*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
3
Baths
—
Stories
2
Lot width
39 ft.
Lot depth
140 ft.
Lot size
5,445 Sq. Ft.
Year renovated
1923
Sq. Ft.
1,417
Year built
1923
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
491005212044000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood 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
Communications tower
Housing-Mobile home park
Park & open space
Feb 15, 2024 • Final
Structural - one or two family
Remodel
Jul 11, 2016 • Final
Electrical - 1-2 family
Electrical
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
Parking
Parking Information
Unit Parking: 2 Car Space
Interior
Basement Information
Has Basement
Basement Features: Partial
Heating & Cooling
Heating Information: Forced Air
Multi-Family Financial Information
Gross Income: 0
Expenses: 0
Multi-Unit Information
# of Units: 2
Unit Type 1 Information
Kitchen: 10x9
Levels: 2
Rent: 0
Rent Frequency: Monthly
Unit Type: 3 Bedroom
Unit Type 2 Information
Kitchen: 10x9
Levels: 2
Rent: 0
Rent Frequency: Monthly
Unit Type: 3 Bedroom
Exterior
Exterior Features
Roof: Asphalt
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Condition: Updated/Remodeled
Property Sub Type: Duplex
Zoning: D5
Land Information
Current Use: Vacant
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.13
Road Access: Frontage Road
Utilities
Utility Information
Solid Waste Information: No
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Estep & Co Add L48
Public facts
Beds: 3
Baths: —
Sq. Ft.: 1,417
Stories: 2.0
Lot Size: 5,445 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1923
Year Renovated: 1923
County: Marion County
APN: 491005212044000101
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Attribution Contact: jacob@livindyrealty.com
Green Information
Green Certification YN: No
Home Information
Foundation Details: Block
Structure Type: Duplex
Levels: Two
Around this home
Schools
Thomas D. Gregg School 15
Public PreK-5 • Assigned • 0.3mi
4/10
H.L. Harshman Magnet Middle School
Public 6-8 • Assigned • 0.9mi
10/10
Arsenal Technical High School
Public 9-12 • Assigned • 0.9mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
4/10 Heat Factor
7 days above 102° expected this year, 19 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
In this area, properties receive around 9.7 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.7 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$265,000 – $321,000
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