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    • 250 S Dearborn St

    Indianapolis, IN 46201

    Apartment building
    2-3 beds

    Available units

    This building may have units for rent or for sale. Select a unit to contact.

    What's special

    250-52 S Dearborn St LOW DOWN PAYMENT HOMES ON PAYMENTS FIX-UP HOMES LOCATED IN INDIANAPOLIS, INDIANA 250-52 S Dearborn St Indianapolis, Indiana 46201 2 Unit . . . . . 1br, 1ba . . . . . 2-Car Garage Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $139,900 Monthly Payment . . . . . . . . . . . . . . . . . . . . . . $1199 Down Payment . . . . . . . . . . . . . . . . . . . . . . . $1000 Don't miss out on this unique investment opportunity in the heart of Indianapolis! This charming double home offers two separate living spaces, each with 1 bedroom and 1 bath. With some fixer-upper potential, you have the chance to make repairs and create your dream income property or cozy residence. Take advantage of this affordable option to save on renovations and turn this gem into a profitable investment. Live in one side and have an income source renting out the other! The possibilities are endless with this fixer-upper in Indianapolis - come see it before it's gone! Our Homes on Payments Fix-Up Home Program offers home purchasing opportunities for families, individuals and investors in the Central Indiana area. Get qualified for a Homes on Payments home in just 3 days with little or nothing down. Our Homes on Payments homes are easy to qualify and bad credit is OK. Why throw your money away renting when you can purchase your own Homes on Payments home. Offered By: Rainbow Realty Group, Inc. WINDSOR VILLAGE OFFICE (EAST) 6104 E 21st Street Indianapolis, Indiana The owners of Rainbow Realty Group, Inc. have been in the Real Estate Business since 1974. They have bought and sold over 1000 homes and have a reputation of being fair but firm. This Homes on Payments property has a sales price of $139,900 with $1000 down and $1199 monthly. Term is 30 years under a purchase contract at a fixed rate of interest (9.1%). There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates" or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment. The only way you will ever lose your home or property... is if YOU don't make your payments. All properties are offered in "AS-IS" condition to be used as investment income properties. Properties may not be rented, lived in or used as a dwelling until property is brought up to minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance. We have Homes on Payments Fix-Up Homes Everywhere... Rainbow Realty Group Indianapolis, Anderson, Fortville, Greenfield & Shelbyville This Homes on Payments property has a sales price of $139,900 with $1000 down and $1199 monthly. Term is 30 years under a purchase contract at a fixed rate of interest (9.1%). There are. . . NO "pre-payment penalties". . . NO "balloon payments". . . NO "adjustable rates" or ANY "adverse conditions" to make you lose your property. Taxes ARE included in payment. The only way you will ever lose your home or property... is if YOU don't make your payments. All properties are offered in "AS-IS" condition to be used as investment income properties. Properties may not be rented, lived in or used as a dwelling until property is brought up to minimum habitability standards. Buyer agrees to pay the cost of all repairs and maintenance.

    Neighborhood: Christian Park

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    • Historic Area
      Rich history reflected in architecture, landmarks, and charming old-town character.
      Arts Scene
      Galleries, murals, and cultural venues showcase creativity and artistic talent.
      Downtown Close
      Proximity to downtown offers quick access to jobs, dining, and culture.
      Community Vibe
      Strong neighborhood connections and community events foster a friendly atmosphere.
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    On Indy’s Near Eastside, 46201 blends historic character—Victorian fountains in Woodruff Place, early 1900s bungalows in Little Flower, and leafy streets near Spades and Willard parks—with an arts-forward vibe. You’ll find Kan-Kan Cinema & Brasserie and the Windsor Park creative corridor, indie coffee like Neidhammer, taquerias such as La Parada, and low-key pubs along East 10th and Washington. Groceries and everyday errands are easy with a nearby Kroger and local mercados, while Pogue’s Run Greenway and neighborhood bike routes make quick work of outdoor time with dogs and strollers. Summers are warm and humid, winters brisk with light snow, and spring and fall are great for porch sitting. Close to downtown with quick access to I-70 and IndyGo routes, the area draws a mix of long-time residents, artists, and new renters who value community events and front-porch culture. According to Zillow’s market trends, recent median rent in 46201 is around $1,200, with most listings in the past few months roughly $900–$1,600.

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    Travel times

    Walk, Transit & Bike Scores

    60 / 100
    Somewhat Walkable
    37 / 100
    Some Transit
    59 / 100
    Bikeable

    Nearby schools in Indianapolis

    GreatSchools rating

    Frequently asked questions

    What is the walk score of 250 S Dearborn St?

    250 S Dearborn St has a walk score of 60, it's somewhat walkable.

    What is the transit score of 250 S Dearborn St?

    250 S Dearborn St has a transit score of 37, it has some transit.

    What schools are assigned to 250 S Dearborn St?

    The schools assigned to 250 S Dearborn St include William McKinley School 39, Center for Inquiry School 2, and Arsenal Technical High School.

    What neighborhood is 250 S Dearborn St in?

    250 S Dearborn St is in the Christian Park neighborhood in Indianapolis, IN.