# 1720 W 24th Street, Anderson, IN 46016

> **TL;DR:** 2bd/1ba single family, $65,000 ($60/sqft), built 1948, 1,086 sqft.
> Basement. Est. $282/mo. Listed 57 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $65,000 |
| Price/sqft | $60 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 1,086 |
| Year Built | 1948 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 57 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $282 |
| **Total** | **$282** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1948
- 0.14 acre lot

## Description

### Agent Description
Welcome to 1720 W 24th St, a turnkey, tenant-occupied investment opportunity located just southwest of downtown Anderson. This durable concrete block ranch sits on a manageable corner lot fully enclosed by a chain-link fence and offers strong rental fundamentals from day one. The current lease runs from 5/1/26 through 4/30/27 at $900/month, which hits nearly a 1.4 rent-to-price ratio and provides immediate cash flow for the next owner. The tenant is responsible for all lawn maintenance and utilities, and the property is professionally managed by Midwest Property Management, making this a truly hands-off addition to your portfolio. The home features 1,086 sq ft with 2 bedrooms, 1 full bath, a split-bedroom layout, arched doorways, galley-style kitchen with ample cabinet space, side-by-side laundry hookups, central heat/air, a 588 sq ft unfinished basement with daylight windows, and a 1-car attached garage. The unique blue metal roof adds curb appeal and long-term durability, while the front deck and ramp provide easy accessibility. Located around the corner from Anderson Speedway and Jackson Park, and under 10 minutes from St. Vincent Hospital, Meadowbrook Golf Course, the casino, and horse track, this property is well positioned for continued rental demand. Property is sold as-is, price is firm, and no creative/seller financing or wholesalers will be considered.

## Location

- **Address:** 1720 W 24th Street, Anderson, IN 46016
- **County:** Madison
- **Neighborhood:** Pleasant Walk
- **Coordinates:** 40.09187, -85.702214
- **Google Maps:** https://www.google.com/maps?q=40.09187,-85.702214

## Listing Agent

- **Name:** Peter Stewart
- **Brokerage:** Keller Williams Indpls Metro N
- **Phone:** 3178466300
- **Email:** peter@peterstewartrealty.com

## Primary Photo

![1720 W 24th Street - Primary Photo](http://lh.rdcpix.com/0cb542450cce556d1d5598b6e203610bl-f1276842404r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/1720-w-24th-street-anderson-in-46016-22083657)*

---

**MLS#:** 22083657 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1720-w-24th-street-anderson-in-46016-22083657)

---

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