285 S Chestnut St

285 S Chestnut St, Monrovia, IN 46157

Property Information

  • For Sale Subject to Offer
  • Property Type Multi-Family
  • Property Size 2,320 SF
  • Units 3
  • Lot Size 0.36 Acre
  • Building Class C
  • Year Built 1970
  • Date Updated Sep 3, 2026

Description

Discover the potential of the Monrovia IN area. Located in a growing community this picturesque town offers a serene setting just a short drive from urban amenities. Enjoy the convenience of nearby dining options and just minutes away scenic parks and recreational areas.. With a nice downtown area and well-regarded schools, the area presents an appealing opportunity for an Apartment Building investor.A prime investment opportunity in Monrovia, IN. This property features a 2,320 SF building with three spacious units, offering a perfect opportunity for a multifamily investor seeking a low-rise garden-style property. With its favorable location in the Monrovia area, investors can capitalize on the growing demand for housing in this desirable neighborhood. Don't miss the chance to add this well-maintained property to your portfolio, offering a combination of classic architecture and promising rental income potential.

Highlights

  • Additional Land for Future Expansion
  • Ample on-site parking for Tenants
  • Area Rapidly Growing with Industrial Business
  • Less than 30 minutes to Downtown Indianapolis
  • Near City Amenities and Notable Locations
  • Value-Add Opportunity for Investors

Contacts

Location

Located at 285 S Chestnut St, Monrovia, IN 46157, this property is part of the Monrovia neighborhood and Indianapolis market.

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