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For sale 14 days ago

$153,000

3 bd 1 ba 1136 sqft

869 Washington Avenue, Cicero, IN 46034

Residential SFR

Current Rent **

N/A

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Amie Lieurance

🚨 JUST IN: CICERO 5-PARCEL FLIP OPPORTUNITY WITH STRONG COMPS

This 3-bedroom, 1-bathroom home offers a solid value-add opportunity for an investor or flipper. The property is outdated but appears to have been well maintained, making it a potential candidate for a cosmetic renovation and repositioning.

The property consists of 5 total parcels, providing a larger overall footprint and additional potential for an investor to explore.

Property Details:

1,136 SF
3 bedrooms / 1 bathroom
25,701 SF lot / 0.59 acres
5 total parcels
Detached garage
Crawl space with a small cellar in addition to the crawl
Plaster walls
Vinyl windows – approximately 20 years old
Roof – approximately 17 years old
Furnace – approximately 1 year old
A/C – approximately 15 years old
Water heater – approximately 9 years old
Duke Energy electric
CenterPoint gas
Cicero Utilities water & sewer
🔨 Investor Angle:
The home has an older/outdated interior, presenting an opportunity for a buyer to renovate and add value. The newer furnace is a plus, while the larger lot and five-parcel configuration could make this worth a closer look for flippers, landlords, or investors evaluating future potential.

📈 Nearby Comparable Sales:

850 Washington Ave

2 BD / 1 BA
840 SF
Sold: $180,000
Condition: As-Is/Days on Market: 5
269 Buckeye St

2 BD / 1 BA
1,292 SF
Sold: $200,000
Sale Type: Cash
Condition: As-Is/Days on Market: 2
70 W Armitage St

3 BD / 1 BA
1,228 SF
Sold: $236,000
Days on Market: 3

Please do not disturb the occupants. Contact us for access details.
Property Disclosure

All properties are sold AS IS, WHERE IS. Buyers are responsible for completing their own inspections and due diligence prior to purchase. Properties are awarded to the highest and best offer.To secure an accepted contract, we require $5,000 non-refundable earnest money for cash purchases or $10,000 non-refundable earnest money when using hard money financing. Buyer is responsible for all closing costs, including the owner's title insurance premium, and assumes any taxes due in November or May. Information provided is believed to be accurate but is not guaranteed. Buyers should independently verify all information before submitting an offer. To schedule a showing or submit an offer, reply to this email or call/text (317) 653-6245.

Agents: We welcome working with Realtors. Please add your commission on top of the advertised purchase price.

Location:

869 Washington Avenue, Cicero, IN 46034

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.