Foreclosure - Fixer Upper
Address
8632 El Rico Drive, Indianapolis, IN
Price
$ 325,000
Property Attributes
- MLS#22114986
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaWashington
- NeighborhoodEl Rico
- Zip46240
- StyleRanch
- Year Built1953
- Taxes$ 10096
- Price$ 325,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage3270
- Lot Size0.88 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Opportunity awaits at 8632 El Rico Dr! This bank-owned property is ready for its next chapter and offers endless potential for investors, flippers, or buyers looking to create their dream home. While the home needs finishing touches and updates, the value is in the incredible location, spacious lot, and unmatched garage space. Situated on nearly an acre in a highly desirable area near Keystone Crossing, Nora, shopping, dining, and the Monon Trail, this property features a large yard with plenty of room to entertain, expand, or simply enjoy the outdoors. A standout feature is the 7+ garage spaces, providing exceptional storage for car enthusiasts, hobbyists, contractors, or anyone needing workshop space. The home also offers a full basement, adding even more usable space and possibilities. Bring your vision and transform this property into something truly special. Being sold As-Is.
| Elementary School | Middle School | High School |
|---|---|---|
| Nora Elementary School | Northview Middle School | North Central High School |
| Price History | |
|---|---|
| 7/23/2026 | Listed $325,000 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | None |
| Possession | Closing |
| Appliances | None |
| Garage Spaces | 4 |
| Patio/Porch Features | Covered,Deck |
| Architectural Style | Ranch |
| Construction Materials | Brick,Stone |
| Year Built | 1953 |
| Township | Washington |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | El Rico |
| Facing Direction | East |
| Garage Y/N | Yes |
| Other Structures | Outbuilding |
| Total Rooms | 13 |
| Full Baths | 2 |
| Status | Active |
| Directions | GPS Friendly |
| High School | North Central High School |
| City | Indianapolis |
| Disclosures | BankOwned |
| High School District | MSD Washington Township |
| MLS Area | 4903 - Marion - Washington |
| Lot Size Square Feet | 38420 |
| Elementary School | Nora Elementary School |
| Property Attached Y/N | No |
| Current Financing | Conventional |
| Middle/Junior High School | Northview Middle School |
| Property Condition | Fixer |
| Standard Status | Active |
| Tax Lot | 17 |
| Legal Description | Pt Sw1/4 S18 T17 R4 Beg 827.64'N Of Sw Cor;E310' N126' W310' S126' To Beg (El Rico Addsurvey Tr J-J ) 0.90Ac |
Interior Features
| Interior Amenities | Walk-In Closet(s) |
|---|---|
| Basement | Daylight,Finished,Finished Ceiling |
| Total Fireplaces | 2 |
| Fireplace Features | Living Room |
| Basement (Y/N) | Yes |
| Half Baths | 1 |
| Total Bedrooms | 3 |
| Below Grade Finished Area | 1635 |
| Main Level Bedrooms | 3 |
| LivingAreaSource | Assessor |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Barn Mini |
|---|---|
| Parking Features | Attached,Detached,Concrete,Garage Door Opener,Storage,Workshop in Garage |
| Lot Features | Mature Trees |
| Water Source | Private |
| Foundation Details | Block,Full |
| Building Area Total | 3270 |
| Lot Size Acres | 0.88 |
| Waterfront Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46240
Price
Taxes
Year Built
Visits
In The Neighborhood
Just Listed
Indianapolis
$ 535,000
- Type
- Single Family
Listed by Roman Baisa of Trueblood Real Estate
MIBOR REALTOR® Association All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Metropolitan Indianapolis may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: August 19, 2026 6:28 PM UTC
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. IDX information is provided by the Indiana Regional MLS.
Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
