20620 Little Chicago Rd Noblesville, IN 46062
Property details
About 20620 Little Chicago Rd
INCREDIBLE opportunity that only comes around once in a blue moon in the Indianapolis area! Rare, lakehouse investment property with four units including a 5-bedroom high-performing STR unit. The Airbnb/STR features a game room overlooking the lake, bunkhouse room (unit can sleep 22 total), large dining area with two banquet tables, multiple decks for lounging / taking in views, recreational equipment (kayaks, row boats, etc.), and more! Perched on the southwest corner of the lake with a stunning view Morse Reservoir, this property comes with 7 boat slips, allowing immediate access onto the waters for boating. Let's talk numbers because property cranks cash flow -- the STR unit grossed over $129K in 2024 (~$10,800 / mo). With over $97K in revenue on the books in 2025, is set to out-compete this year. Two of the units are rented to long-term residents, bringing in a stable backbone of cash flow -- 2-bedroom unit rented for $2000 / month, and a Studio apartment rented for $1100 / month. The last unit, the "Owner's Suite" is vacant, and ready for personal use or another rental income source (estimated at $1700 / mo). This one bedroom unit features a recently high-end remodeled bathroom w/ tiled surround, as well as a comfy loft for more heads to sleep. The projected revenue is $16,300 / mo, or just over $195K / year for this high-performing investment property. Use for personal recreational use just 30 mins outside Indy, further optimize it for a lucrative multifamily/STR investment, or buy it and convert to a single family home with ADU... Endless options here! Updates include roof, siding, gutters ('23), 74 new vinyl windows, 2 units have new HVAC, upgraded docks w/ floaters, new LVP flooring in Airbnb unit. Noblesville has recently completed a boardwalk & retaining wall along Little Chicago Rd. Property sits 13 mins to Grand Park in Westfield, which hosts over 5 million annual visitors / yr. Snag this one while you can!
Highlights
(Pending)
Summary
- Basement: Yes
- Architectural Style: Contemporary
- Heating: Forced Air, Natural Gas
- Cooling: Window Unit(s)
- List Price: $1,550,000
- Annual Tax Amount: $8,721
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1973
- Lot Size: 0.47 Acres
- MLS Number: 22038527
- MLS Name: MIBOR
- Office Name: @properties
- Office Email: tyler@tylerlingle.com
- Listing Agent: Tyler Lingle
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Last updated on: 5/27/2025, 11:46:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,550,000
20620 Little Chicago Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 28, 2023 | Home Sold | $1,400,000 |
| Oct 20, 2021 | Home Sold | $880,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $689,600 | $8,721 |
| 2021 | $490,100 | $6,397 |
| 2020 | $475,100 | $6,417 |
| 2019 | $501,300 | $8,657 |
| 2018 | $463,400 | $6,439 |
| 2017 | $375,400 | $10,052 |
History based on county public records data.
Nearby schools
6
Hinkle Creek Elementary School
Public District KG-5
1.9 mi
•595 S Harbour Dr
7
Hazel Dell Elementary School
Public District KG-5
3.3 mi
•3025 Westfield Rd
6
Washington Woods Elementary School
Public District PK-4
3.5 mi
•17950 Grassy Branch Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,017. The majority of Noblesville, IN residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
College Football
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Express/Express For Men
Dick's Sporting Goods
Where do the neighbors go to eat?
Little Caesars
Sonic
Arbys
What do the neighbors drive?
Chevrolet
Kia
GMC
What do the neighbors listen to?
Country
New Country
Adult Hits
Frequently asked questions
Living in Noblesville, IN
Noblesville's transportation infrastructure supports both private and public transit options, with a focus on connectivity and accessibility. The city's roadways and highways facilitate easy commuting to nearby areas, and public transportation services are available to assist residents in their daily travel. The community is also attentive to the needs of pedestrians and cyclists, with trails and paths that promote walkability and bikeability in certain areas. While specific schedules for public transit are subject to change, the city strives to maintain a transport system that meets the needs of its residents.
The community is served by a robust educational system, including multiple public and private schools that cater to a range of educational needs. Healthcare services in Noblesville are comprehensive, with facilities offering a spectrum of care from primary to specialized treatments. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options are plentiful, reflecting the local culture and providing residents with a variety of choices for shopping and cuisine.
Noblesville is celebrated for its vibrant community spirit and rich historical heritage. The city prides itself on a bustling downtown area that hosts a variety of events, including farmers markets and cultural festivals, which embody the local traditions and community engagement. The character of Noblesville is further defined by its scenic parks and recreational areas that offer residents a blend of urban amenities and natural beauty.
Noblesville offers a diverse array of housing options, with single-family homes being a significant part of the housing market. The architectural styles in Noblesville range from historic homes that reflect its rich past to contemporary constructions that cater to modern preferences. The housing market is dynamic, with new developments complementing the well-established neighborhoods. While the exact homeownership rate is subject to change, the area is known for a healthy balance between homeowners and renters, providing options for various lifestyles and budgets.
About 20620 Little Chicago Rd
This home is located at 20620 Little Chicago Rd in Noblesville, IN and zip code 46062. Features: 0 bathroom. It has been listed on Rocket Homes since May 16, 2025 and is currently priced at $1,550,000.
While more than 15 listings in Noblesville, IN in April 2025 were sold above asking price, there were more than 20 listings sold at asking price, and more than 39 were sold below. The number of listings in Noblesville, IN increased by 3.2% between March and April 2025. Listings spent 39 days on the market in April 2025, and had a median list price of $377,433 during the same period.