What to know about this one.
House hack or add another income-producing property to your portfolio with this 3 bed, 1.5 bath per side duplex at 1117-1119 N Dearborn St. The 1117 side is already leased at $1,345/month through 10/31/26, giving a buyer immediate rental income from day one. The vacant unit creates flexibility to move in and let the neighboring rent offset your housing costs, or lease both sides and operate the property as a traditional cash-flowing rental. With one side already stabilized and the other vacant and ready for occupancy or lease-up, this is a strong opportunity for both owner-occupant investors and landlords looking to expand their portfolio.
Property details
- Property type
- Duplex
- Year built
- 1915
- Lot size
- 0.14 ac
- Stories
- Two
- County
- Marion
- MLS #
- MBR22119117
Features
- Heating
- Electric
Estimate your monthly payment
- P&I $1,310
- Property tax $466
- Insurance $91
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust1117 N Dearborn Street
Indianapolis, IN 46201