2202 N Illinois St

Indianapolis IN 46208

4163 sq. ft.

5520 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Location, location, location! This highly strategic 9-bedroom, 5-bathroom Indianapolis property offers an unbeatable opportunity for both long-term investors seeking a performing asset and short-term rental operators. Situated in a prime downtown-adjacent hub, you are just moments away from the city's largest hospital, two major colleges, the vibrant downtown core, Gainbridge Fieldhouse, and Lucas Oil Stadium. Guests and tenants alike will love the premium convenience, which includes the rare downtown luxury of a private, gated parking lot. The building features a long list of recent capital improvements for ultimate peace of mind and low-maintenance ownership. Extensive upgrades completed in 2025 include a new parking lot gate and sliding door, fully updated plumbing and waterlines, modernized electrical receptacles, a new dryer fuse, and a secure coded door handle. Comfort and efficiency are also locked in thanks to a brand-new furnace and a newly installed pressure valve shower. Turnkey, versatile, and perfectly positioned in the heart of Indy, this high-yielding property is ready to perform from day one.