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Listed by Kristin Glassburn • @properties
$ 975,000
Est. payment /mo
New
2442 N Illinois ST Indianapolis, IN 46208
2,880 SqFt
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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