2442 N Illinois ST, Indianapolis, IN 46208
2442 N Illinois ST, Indianapolis, IN 46208
2442 N Illinois ST, Indianapolis, IN 46208
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Kristin Glassburn • @properties
$975,000
Est. payment /mo
2,880 SqFt
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UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $338

MLS Listing ID 22119321

Year Built 1910

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Multi Family

Property Description

* 8 Unit Apartment Building * Fully renovated in 2021 (plumbing, electrical, kitchens, baths, roofing) and just 1 mile from IU Health's $4.3B downtown hospital campus, this 8-unit Indianapolis multifamily offers a diversified rent roll - 7 leased units plus a flexible Airbnb unit (more than 90% occupancy). TTM income of $88,720 delivers a 6.61% cap rate on NOI, backed by real owner disbursement history. Lean expenses. A rare, stabilized income property priced to perform, steps from one of the largest development projects in the city!

Location

State IN

County Marion

Zoning D8

Rooms

Basement Daylight, Full, Walk-Out Access

Interior

Heating Baseboard

Cooling None, Separate Meters, Window Unit(s)

Fireplace N

Exterior

Utilities Available Cable Available, Electricity Connected

View Y/N true

View Downtown

Roof Type Flat

Building

Story 2

Foundation Full

Architectural Style Split Level

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

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MIBOR MLS
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker RB14032222

Broker RB14032222

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2442 N Illinois ST

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