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Two-Unit Duplex Condo Conversion

1541 E Gimber Street, Indianapolis, IN 46203

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Pending

$90,000

MULTI_FAMILY - Other - Indianapolis, IN

Lot size:

0.13 Acres

HighLights

1915‑built whole building with vinyl siding and asphalt roof
Forced air heating; power is not on (flashlight available)
Previously configured as a double; current legal setup has each side as a separate condo unit
1541 unit: 1 BR, 1 bath, crawl space, separate electric meter
1543 unit: 2 BR, 1.5 bath, basement, separate electric meter

We can help!

Listing Contact

Jackie Lovell

Pending

$90,000

MULTI_FAMILY - Other - Indianapolis, IN

Lot size:

0.13 Acres

Added:: Oct 31, 2025
Days on Market:: 233
Last Refresh:: Jun 20 at 7:06 am

Property Features for 1541 E Gimber Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Basement: Unfinished
Standard status: Pending
APN: 491019117649000101
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: 1541 E Gimber St Condominiums Unit A

Utilities

Heating system: Forced Air

Building Details

Year built: 1915
Floors in Building: 2
Number of units: 2
Building materials: Vinyl Siding
Roof type: Asphalt
Architectural style: Other

We can help!

Listing Contact

Jackie Lovell

Listing agent Jackie Lovell License #RB14026114

Listing office New Quantum Realty Group E Washington St 5610, INDIANAPOLIS, IN

Listing date Oct 31, 2025

MLS# 22071345 Listing URL

HighLights

1915‑built whole building with vinyl siding and asphalt roof
Forced air heating; power is not on (flashlight available)
Previously configured as a double; current legal setup has each side as a separate condo unit
1541 unit: 1 BR, 1 bath, crawl space, separate electric meter
1543 unit: 2 BR, 1.5 bath, basement, separate electric meter

Overview

This property is being offered as a whole building sale with both sides. Although it was previously a double, the prior owner changed the legal descriptions so that each side is a separate condo unit. The property includes separate electrical metering for each side, with no power on at the time of listing.

The 1 BR, 1 BA side includes a crawl space and has its own separate electric meter. The other side is a 2 BR, 1.5 BA unit with a basement and a separate electric meter; it appears to have a heat source and water heater supporting both sides, but buyers should confirm details during due diligence.

Please note that vacant lots located on each side of the building are not included in the sale. The listing specifically identifies 1541 as the 1 BR unit and 1543 as the 2 BR unit, and states that 1537 and 1545 are vacant lots owned by different owners, despite the picket fence appearing to cover the front of all three lots. Given the condition notes and that power is not on, prospective buyers should do their own due diligence before proceeding.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.133009
Latitude: 39.727388

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For sale
Duplexes
IN
Indianapolis
46203
1541 E Gimber Street

What type of property is this?

Duplex - Whole building sale with both sides as separate condo units and separate electric meters for each unit.

Where is this duplex located?

The property is located at 1541 E Gimber Street Indianapolis, IN.

What is the asking price?

The asking price for this property is $90,000.

What are key features of this property?

This property features: 1915‑built whole building with vinyl siding and asphalt roof; Forced air heating; power is not on (flashlight available); Previously configured as a double; current legal setup has each side as a separate condo unit

1541 E Gimber Street, Indianapolis, IN 46203

MULTI_FAMILY - Other - Indianapolis, IN

Property Features for 1541 E Gimber Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

Keystone Avenue Redevelopment Opportunity

Freestanding Single-Story Office Building

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