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1041 S East Street

Indianapolis, IN 46225
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Bed 2

Bed

Bath 2

Bath

SqFt1,128

Sqft

Acres0.05

Acre(Lot)

Unique Residential or Commercial Opportunity - Active Short-Term Rental Near Downtown Rare opportunity to own a commercially zoned property currently operating as a successful Airbnb just minutes from downtown. This beautifully updated two-bedroom, two-bath space offers a flexible layout featuring a spacious loft and an expansive upper deck with stunning city views. Thoughtfully renovated with modern finishes, the interior boasts open-concept living areas, updated kitchen and baths, and abundant natural light throughout. The large loft provides additional sleeping or lounge space, maximizing guest capacity and rental appeal. The private upper-level deck is a true highlight - perfect for entertaining or relaxing while enjoying panoramic skyline views. Located near downtown with excellent walkability to restaurants, breweries, coffee shops, and entertainment, this property sits in a highly desirable area for both short-term rental guests and business visibility. Easy access to major highways, cultural districts, and local attractions further enhances its value. Ideal for investors seeking immediate income potential, entrepreneurs wanting a live/work concept, or buyers looking for a distinctive commercial space in a prime urban location. A rare blend of location, versatility, and income-producing potential - opportunities like this don't come around often.

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Detail Ic Property Details

Property Type : Residential

Price : $350,000

AD Id : 76815656

MLS Id : MBR22086547

Beds : 2

Lot Size : 0.05 Acre

Living Area Size : 1,128

Year Built : 1920

County : Marion

Subdivision: Crestridge

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 6 Has Basement: Yes

    Interior Features

    High Ceilings, Hi-Speed Internet Availbl Appliances: Dishwasher, Microwave, Electric Oven, Refrigerator, Water Heater
  • Flooring Information

    Construction Materials: Vinyl Siding
  • Heating & Cooling

    Heating: Forced Air Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1920

  • Lot Information

    Lot Square Feet: 2222 Lot Acres: 0.05

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Traditional

  • Listing Price Information

    Original List Price:$350000

  • Tax Information

    Tax Lot: 101 Tax Legal Description: Hendricks Sub 28.50Ft N Of 63Ft S End L44thru L46 Ol99 Ex 14Ft W Side L44 For St Tax Year: 2024 Parcel Number: 491112101002000101 Tax Exemption: None

  • Parking Information

    None

  • Utility Information

    Water Source: Public
  • Location Information

    Subdivision: Bates City: Indianapolis Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1821 S East Street, Indianapolis, IN, 46225 $350,000 3 3 2,175 2,175 SqFt
1654 S Talbott Street, Indianapolis, IN, 46225 $310,000 4 2 1,986 1,986 SqFt
2515 S New Jersey Street, Indianapolis, IN, 46225 $170,000 2 1 1,224 1,224 SqFt
1614 S East Street, Indianapolis, IN, 46225 $375,000 3 4 2,620 2,620 SqFt
1306 S East Street, Indianapolis, IN, 46225 $364,500 4 3 2,624 2,624 SqFt
438 Orange Street, Indianapolis, IN, 46225 $298,900 3 2 1,524 1,524 SqFt
437 Sanders Street, Indianapolis, IN, 46225 $378,000 4 3 3,265 3,265 SqFt
1555 S New Jersey Street, Indianapolis, IN, 46225 $295,000 2 2 1,594 1,594 SqFt
350 E Minnesota Street, Indianapolis, IN, 46225 $340,000 4 3 2,556 2,556 SqFt
301 E Southern Avenue, Indianapolis, IN, 46225 $205,000 -- -- --
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MIBOR #22086547 LISTED BY: Sarah Fishburn, F.C. Tucker Company 317-686-0612 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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