$100,000

1619 E 20th St Muncie, IN 47302

$1,188
Closing credit¹
2 beds
1 full
1,440 sqft
0.2 acres
$69 / sqft
House

Property details

About 1619 E 20th St

Cash flowing 3 bed 2 bath home in Muncie's Southside. Update completed in 2022, new flooring in living room and kitchen, updated appliances, new carpet in bedrooms and fresh interior paint. Furnace and A/C less than 3 years old. This is a Section 8 property. Current rent is $995 a month with 25% down return is 8.5% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). "Personal income is expected to increase 3.4% through 2027". Property is being offered as part of a 2 unit package, 2nd property is at 1618 E 24th. An additional 4 unit package is also available, addresses and financials included in attached documents. Attached pro formas are for 2 property package and 6 unit package. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings.

Highlights

Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size1,440 sqft
Lot size0.22 Acres
Year built1948
MLS #22027145

Summary

  • MLS Number: 22027145
  • MLS Name: MIBOR
  • Office Name: Fair Market Value Investment Sales
  • Office Email: Rich.graham@ellsburygroup.com
  • Listing Agent: Richard Graham

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated on: 4/4/2025, 11:46:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house with a porch, a front lawn, and fence

$100,000

1619 E 20th St

$1,188

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 12, 2022
Home Sold
$62,000
Nov 16, 2020
Home Sold
$30,000

Tax history

YearAssessmentProperty Tax
2023$57,900$1,275
2022$36,800$736
2021$45,800$1,033
2019$39,200$902
2017$41,000$5,224

History based on county public records data.

Nearby schools

5

Grissom Elementary School

Public District PK-5

0.4 mi

3201 S Macedonia Ave

2

South View Elementary School

Public District PK-5

1.2 mi

2100 S Franklin St

6

East Washington Academy

Public District PK-5

1.8 mi

1000 E Washington St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $29,479. The majority of Muncie, IN residents have income less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

67%
<35k
31%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

48%
Single, No Kids
17%
Single, with Kids
22%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
9%
12-17 yrs old
22%
18-34 yrs old
41%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • NHRA Drag RacingNHRA Drag Racing
  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • Big LotsBig Lots
  • Family DollarFamily Dollar
  • Books-a-MillionBooks-a-Million

Where do the neighbors go to eat?

  • Golden CorralGolden Corral
  • White CastleWhite Castle
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • KiaKia
  • ChevroletChevrolet
  • ToyotaToyota

What do the neighbors listen to?

  • Adult StandardsAdult Standards
  • RockRock
  • Adult HitsAdult Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Muncie, IN

About 1619 E 20th St

This home is located at 1619 E 20th St in Muncie, IN and zip code 47302. This 1,440 square foot home, which was built in 1948, sits on a 0.22 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $100,000.

Over 18 listings were sold over their listed price in March 2025 in Muncie, IN. In the same period over 46 listings were sold below the listed price and 13 listings were sold for the listed price. Between February and March 2025, Muncie, IN real estate market has seen increase in the number of listings by 12.9%. While the average time on the market in March 2025 was 40 days, the median list price was $145,323.

From Rocket Homes Real Estate and based on county public records data.

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