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40-42 W 56th Street

Indianapolis, IN 46208 (MLS #MBR22047130)

$575,000

Description

Discover an exceptional investment opportunity with this well-maintained duplex, perfectly situated just steps away from The Shoppes at 56th & Illinois. This unique property offers a blend of residential & commercial potential, with one side of the duplex benefiting from a commercial variance, a rare find in today's market. The duplex features two bedrooms, an updated bath, a spacious living room, and a fully equipped kitchen on each side. The clean and finished basement presents an excellent value-add opportunity, featuring a half bath ready for a full bedroom conversion. One side has a wet bar as well. Both units have… Read MoreRead Less

Courtesy of Compass Indiana, LLC.

Days Online

1

Last Updated

Jul 17, 2025

Property Type

Duplex

Lot Size

0.27 Acres

Year Built

1938

MLS Number

MBR22047130

Basement

Description: "Storage Space"

Building

Architecture: "Cape Cod", Construction Materials: "Brick", Levels: "One", Year Built: 1938

Cooling

Details: "Central Air"

Exterior Features

Features: "Sprinkler System"

Garage

Garage Spaces: 2

Heating

Heating: "Forced Air"

Laundry

Description: "In Basement"

Lot

Features: "Corner Lot", "Mature Trees", Acres: 0.27, MLS Acres: 1/4-1/2 Acre

Roof

Description: "Asphalt"

Area snapshot

30 Days Snapshot Of 46208

$347k

(avg) sold price

+29%

27

homes sold

-22%

76

(avg) days on market

-6%

Nearby Schools

*Please check the school district website to see all schools in this area

Shortridge High School

Public

9-12

George Washington High School

Public

9-12

Francis Bellamy Pre-School Center 102

Public

PK

IPS Butler University Laboratory School 60

Public

PK-8

Snapshot

Area Map

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Selling price

Down payment

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