40 S Chester Avenue, Indianapolis, IN 46201

• 4 beds |
• 1 bath |
• 1,540 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

July 26, 2026 at 11:19PM

Listing Office:

Rize Commercial Realty LLC : 317-657-9985

Listing Agent:

Karanjod Cheema : 317-657-9985

MLS ID:

22113736

Interior

• General: Hardwood FloorsEat-in Kitchen
• Appliances: Other
• Basement: Unfinished
• A/C: Central Air
• Heating: Natural Gas

Exterior

• Style: Traditional
• Other Structures: Covered
• Parking: Detached

Construction

• General: TwoConcrete Perimeter

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Finks Add L29491004118021000101

Utilities

• Water: Public

Financial

• Source: mibor