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1 Bed
0 Baths
4,801 sqft

$216,000

2854 N Illinois Street, Indianapolis IN, 46208

Price per sqft$44.99
Built in1920
Property size4,801 sqft
Property typeResidential
Courtesy of Real Broker, LLC, Suhail Khan Listing Contact:

Overview

Active

Listed Jun 26, 2026

Updated 12 days ago

Zoned for Up to 5 Units | Garage | Prime Redevelopment Opportunity - Endless Potential! Bring your vision and unlock the possibilities with this blank-slate opportunity. This property is ready for a complete transformation, allowing you to skip much of the demolition and clean-out work and focus on creating value. With zoning that allows up to 5 units , this property offers multiple investment strategies, including multifamily development, a duplex conversion, AirBnB, or a custom renovation project. Property features include: 3rd floor with staircase, detached 2-car garage, convenient location near Ivy Tech and the Children's Museum, surrounded by newly built and recently renovated homes, highlighting the area's continued growth and revitalization. Whether you're an investor, developer, experienced rehabber, or potential homeowner, this is an opportunity to create something special in a nice neighborhood. Property sold AS-IS, needs TLC. Home is currently under construction/rehab conditions so exercise caution and be safe when touring. Adjacent land is not included in the sale. This a completely gutted already existing structure. No primary bedroom exists as there is only framing, the sqft are possible measurements if built and info for bedroom and all other info for listing collected from tax data and info available on MIBOR. It is listed as a single family residence for technical reasons on MIBOR, it can be a home, zoned for a duplex , used as multi family and approved for 5+ units, etc. OWNER FINANCING available with an acceptable down payment.

$1,437/mo

Est. mortgage payment based on a $216,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22110626

Interior Features

Bedrooms
1
Bathrooms
0
Fireplace
Yes
Basement
Yes

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Garage
Yes
View
Yes

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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Alicia Buckley shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:17 AM UTC on 9/28/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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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