Sheldon Barnes
For Sale — 1424 Finley Avenue, Indianapolis, IN 462031424 Finley Avenue
Indianapolis, Indiana 46203
No Subdivision
1
Beds
1
Baths
440
Sq Ft
1942
Year Built
0.14
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 1424 Finley Avenue, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
**Seller will consider owner financing offers** This property is a high-yield play for those who understand the value of density and creative site planning. The existing home sits at the rear of the lot, already taken down to the studs, saving significant time and cost on demolition. The expansive front portion of the lot provides ample buildable area for a larger primary residence or multifamily property. Benefit from established utility connections already on-site, streamlining the development process compared to a raw land purchase. Located in a neighborhood with steady growth, this is a perfect "buy and build" strategy. You can finish the rear house first to generate immediate rental income (estimated at $800/month) or live on-site while you manage the construction of a new home in the front.Whether you are looking to create a multi-unit compound or a custom primary residence with a detached guest house, the potential here is limited only by your vision!
Key things to know
- Gutted cottage at rear with established utilities
- Expansive buildable frontage
- Dual-income development potential
- Established utility connections on-site
Monthly payment
Estimate · $60,000
$389/mo
≈ $319 principal & interest · $70 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $12,000 on a loan of $48,000.
Price history
- Price reduced$70,000 → $60,000
Apr 17, 2026
- Listedat $70,000
Mar 24, 2026
Recent comparable sales
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$70,000Listed· Mar 24, 2026
$60,000Reduced
↓ $10,000 (14.3% off original)
37 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis2.7 mi
- Monon Trail (Carmel)15.6 mi
- Carmel Central Park16.1 mi
- IU Health North Hospital16.1 mi
- Carmel High School16.3 mi
- Carmel Arts & Design District16.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
440 sq ft
Year Built
1942
Stories
One
Subdivision
No Subdivision
Bedrooms
1
Bathrooms
1 full
School District
Indianapolis Public Schools