Listing provided courtesy of Encore Sotheby's InternationalMLS# MBR22078687MLS Provider
  • 174 days on site
  • 2 views

Whether you're searching for your first home or your next investment property, 544 N Dearborn offers a rare combination of move-in-ready condition, proven rental history, and long-term upside in one of Indianapolis' rapidly evolving Near Eastside neighborhoods. Previously rented for $1,650/month with consistent occupancy over the past five years, this property presents an attractive opportunity for investors seeking immediate income potential. For owner-occupants, the home's flexible layout and updated finishes provide the perfect foundation to move in today and add personal touches over time. Inside, you'll find an open-concept living space filled with natural light, an updated kitchen with a large center island, three spacious bedrooms, and a private upstairs primary suite complete with a walk-in closet and en-suite bath. The fully fenced backyard, large deck, and off-street parking add functionality that's increasingly hard to find at this price point. Located just minutes from downtown Indianapolis, Bottleworks District, Mass Ave, and major employment centers, this home sits in an area that continues to see strong investment and redevelopment activity. With comparable renovated homes selling throughout the surrounding neighborhood and a motivated seller ready to make a deal, this is an opportunity buyers won't want to miss. Ideal as a first home, long-term rental, or portfolio addition.

Source: MIBOR, MLS#: MBR22078687

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  • Property Type
    Residential
  • Lot
    0.10 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 544 N Dearborn Street


Schools

School data unavailable,
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/29/2026Source: MIBOR Price Reduction
$215,000 -2.3%
2/20/2026Source: MIBOR Price Reduction
$220,000 -7.9%
1/28/2026Source: MIBOR Added to Database
January 28, 2026