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740 E North St
Indianapolis, IN 46202
BlumLux · Multifamily Property For Sale · 5 Units

Investment Highlights

  • https://my.rcm1.com/buyer/agreement?pv=-g7-cnrXBh-llcWfF8IpBgLgLc_x-2AspB30g1nQOc_eOIUbPUv9hBB8TkyupMkS
  • Additional Income through charging for garage parking: There are two garage spaces that could be converted for tenant use. Both spaces are currently u
  • Opportunity for Condo Conversion with Pre-divided Parcels: Situated near the Mass Ave Cultural District, The Blumlux Building presents an enticing con
  • Additional Income Through Utility Reimbursement: currently the landlord covers all utility expenses, including electric, water, sewer, gas, trash, and
  • Prime Signage Opportunity: The current owner uses the signage to promote both his jewelry brand and the building itself, but a new owner could unlock
  • Airbnb and Short Term Rental Potential in Heart of Indianapolis: Blumlux is uniquely positioned within a mile of Indianapolis’s cultural hub, Mass Ave

Property Facts

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.24 AC
Building Size 13,307 SF
No. Stories 3
Year Built/Renovated 1898/2016
Zoning CBD-2

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 49-11-01-179-003.003-101
  • 49-11-01-179-003.002-101
Land Assessment
$12,800
Improvements Assessment
$91,900
Total Assessment
$104,700
  • Listing ID: 33848113

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 740 E North St, Indianapolis, IN 46202

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