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2442 N Illinois Street Indianapolis, IN $ 975,000
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$ 975,000 Get more info
2442 N Illinois Street
$ 975,000
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Share Save

2442 N Illinois Street

Indianapolis, IN, 46208
$ 975,000
Bedrooms-- Baths-- Sq 2,880

Monthly Estimate*

$ 6,734

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Commercial Property for sale in Indianapolis, IN

for $975,000. This 2,880 square foot building was built in 1910 on a lot size of 0.12.

* 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!

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Commercial Active

Price

$ 975,000

Property Type

Commercial

Taxes

$ 10,836

Style

Multi Family

Lot Size

0.12

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22119321
Features
General
Heating Baseboard
Cooling None Separate Meters Window Unit(s)
Utilities Cable Available Electricity Connected
Possession Closing Negotiable
Roof Flat
Zoning D8
Architectural Style Split Level
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 1910
Tenant Pays All Utilities Lawncare
View Downtown
Stories Count 2
Township Center
Levels Two
Property Subtype Multi Family
Tax Year 2025
Current Use Apt<20
Building Name J W BECKS SUB RHODES
County Marion
Net Operating Income 64412
Operating Expense 88719
Insurance Expense 8443
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 8
MLS Area 4910 - Marion - Center
Lot Size Square Feet 5400
Property Attached Y/N N
Additional Parcels Y/N N
Structure Type Apartment Building
Standard Status Active
Tax Lot L53
Cap Rate 7
Legal Description Becks Sub Rhodes N Ill Add L53 Blk2
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Interior
Basement Daylight Full Walk-Out Access
Basement (Y/N) Y
Laundry Features Common Laundry In Basement
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Exterior
Parking Features Guest
Lot Features Access Sidewalks
Foundation Details Full
Building Area Total 2880
Lot Size Acres 0.12
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* Excluded Features
List By
@Properties

Broker

kris@atpropertiesind.com

Email

Affordability Calculator

$7,637
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,734
Monthly Property Taxes
$903
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
Date Price Price Change Description
8/25/2026 $975,000 Listed Price

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2442 N Illinois Street, Indianapolis, IN, 46208 is a Commercial Property for sale at $975,000 with 2,880 sqft and a lot size of 0.12. 2442 N Illinois Street was built in 1910. The property's zip code is 46208 which is in Indianapolis, IN

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