Skip to content

55 N Chester Avenue

Indianapolis, IN 46201

ActiveListed Aug 5, 2026 · 18 days on market

Key facts

Beds
4
Baths
2 full
Living area
1,916 sqft
Lot
0.12 acres
Year built
1920
Type
Residential · Single Family Residence
Stories
One and one half
Garage
2 spaces
MLS #
22118464
County
Marion
Subdivision
Bradley Denny & Atkinson
Total building area
2,574 sqft

About this home

Fully rehabbed and truly turnkey investment opportunity! This beautifully renovated 4-bedroom, 2-bath home is the perfect addition to any rental portfolio, offering immediate cash flow with reliable long-term tenants already in place. The current lease runs through May 31, 2027, providing steady rental income from day one. The home has been extensively updated inside and out, including new flooring, a fully renovated kitchen with new countertops and stainless steel appliances, updated bathrooms, and modern finishes throughout. Major capital improvements have already been completed, including a new HVAC system (2025), new water heater (2025), and replacement of approximately half of the sewer line (2025), giving the next owner peace of mind and minimizing future maintenance expenses. Additional features include washer and dryer hookups on the second floor, a detached 2-car garage, and a well-maintained yard. If you're looking for a low-maintenance, income-producing property with dependable tenants who consistently pay on time, this is the opportunity you've been waiting for. Buy today and start collecting rent tomorrow-without the hassle of renovations, leasing, or major repairs. Property is tenant occupied. Please do not disturb tenants. Showings by appointment only.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas Water HeaterElectric OvenRange HoodRefrigeratorWater Heater
Interior features
Breakfast BarKitchen IslandEat-in Kitchen
Kitchen
Kitchen Updated
Basement
Unfinished
Laundry
Connections All
Windows
Low-Emissivity Windows
Rooms
6
Main-level bedrooms
3

Exterior

Patio and porch
Covered
Construction
Aluminum SidingWood Siding
Foundation
Block
Style
Craftsman
Parking and garage
Detached
Fencing
Front Yard

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
SidewalksStorm SewerMature TreesTrees-Small (Under 20 Ft)

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,846 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,288per month, estimated
Principal and interest $983Property tax $237Insurance $68
20% · $38,999
6.47%
Loan type
Loan term

Estimates only. This calculator does not give 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 trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$194,995
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.