2854 N Illinois St

Indianapolis IN 46208

5119 sq. ft.

8494 sq. ft.

Single-Family

Currently for sale - view listing

Overview

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.

Features

1 bedroom

2 carspaces

2 garage spaces

5119 sq. ft. floor area

8494 sq. ft. lot size

Single-Family

Property history for 2854 N Illinois St

2020

Sold

$145,000

11 Sep 2020 by Janis Bradley, of JB Real Estate Consultant

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