$164,900
Investment Opportunity with Endless Potential! This unique property features multiple deeded units, offering excellent income potential or multi-generational living options. The main home is a charming Victorian built in 1862, boasting over 1,500 square feet, 3 bedrooms, and 2 full baths. A detached 320 sq. ft. studio apartment with a private entrance serves as the second unit, perfect for rental income or guest accommodations. The main house also features a private exterior entrance to the second floor, creating the possibility to split it into two separate units-for a total of three income-producing spaces. While many updates have been completed-including windows, roof, gutters, siding, front doors, furnaces, and water heaters (all within the last 10 years)-much of the home's original charm remains. You'll find ornate front porches, double entry doors, and other period details waiting to be restored to their Victorian grandeur. Situated on a corner lot, the property includes a storage shed and a garden area in back. Bring this beauty back to life and take advantage of all the possibilities-whether you choose to live in the main house and rent the studio, or invest in multiple rental doors for steady income!
GPS Friendly
In-Law Arrangement, Gas Cooktop, Refrigerator, Covered, Natural Gas Connected
| MLS # | 22067544 |
|---|---|
| Date Listed | 2025-10-09 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 1553 sqft |
| New Construction | No |
| Style | Traditional |
| Type | Single Family Residence |
| Basement | Partial |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Year Taxes Payable | 2024 |
| Year Built | 1876 |
| Days on Market | 58 |
| Design | Traditional |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
| Construction | Single Family Residence |
|---|---|
| Exterior | Covered |
| Lot Size | 3,864 sq ft |
| Acreage | 0.09 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Shelby |
|---|---|
| County | Shelby |
| Subdivision | Subdivision Not Available See Legal |
| Township | Addison |
| City | Shelbyville |
| State | IN |
| Zip | 46176 |
| School District | Shelbyville Central Schools |
|---|---|
| Middle School | Shelbyville Middle School |
| High School | Shelbyville Sr High School |
| Assoc. Dues | $0.00 |
|---|
MLS# 22067544
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Michelle Collings
RE/MAX Realty Group
buyandsellwithmichelle1@gmail.com
Listing updated November 29, 2025 at 7:29 am
Last checked 17 minutes ago