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2938 E Michigan Street Indianapolis, IN $ 50,000
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$ 50,000 Get more info
2938 E Michigan Street
$ 50,000
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Share Save

2938 E Michigan Street

Indianapolis, IN, 46201
$ 50,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 345

2938 E Michigan Street, Indianapolis, IN 46201 - Image 1
2938 E Michigan Street, Indianapolis, IN 46201 - Image 2
2938 E Michigan Street, Indianapolis, IN 46201 - Image 3
2938 E Michigan Street, Indianapolis, IN 46201 - Image 4

Multi-Family Home for sale in Indianapolis, IN

for $50,000. This home was built in 1900.

Located at 2938 E Michigan St in Indianapolis, this duplex presents a prime value-add opportunity for investors or experienced rehabbers. The property has sustained fire damage mainly on the right side and is being sold as-is, offering a blank slate for a full renovation. With strong rental demand in the area and proximity to downtown Indianapolis, this property has excellent upside potential once restored. Ideal for a gut rehab, allowing you to redesign and maximize layout, finishes, and rental income. Whether you're looking to fix and flip or build long-term cash flow, this is a fast sale opportunity priced to move. Bring your contractor and vision-this one won't last. Cash or hard money preferred. Quick close available.

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Multi-Family Pending

Price

$ 50,000

Property Type

Multi-Family

Taxes

$ 1,722

Style

Year Built

1900

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22095780
Features
General
Possession Closing
Year Built 1900
Township Center
Property Subtype Duplex
Tax Year 2024
Current Use See Remarks
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Ardella Add
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 0
MLS Area 4910 - Marion - Center
Lot Size Square Feet 3441
Standard Status Pending
Tax Lot 491005194067000101
Legal Description 2938 E Michigan St Condominiums Unit A
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Interior
Basement (Y/N) Y
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Exterior
Lot Size Acres 0
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* Excluded Features
List By
The Modglin Group

Broker

ely@themodglingroup.com

Email

Affordability Calculator

$489
Per Month
71%
29%
0%
Monthly Principal & Interest
$345
Monthly Property Taxes
$144
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/6/2026$50,000 -23.08% Price Down
5/15/2026$65,000 -13.33% Price Down
4/16/2026$75,000 Listed Price

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2938 E Michigan Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $50,000. 2938 E Michigan Street has 0.0 baths and was built in 1900. The property's zip code is 46201 which is in Indianapolis, IN

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