About This Home

This 1-bedroom, 1-bathroom multi-family at 2938 E Michigan Street in Indianapolis, IN is listed for $50,000. Built in 1900, on a 0.08 acres lot.

Key Features

  • Built in 1900
  • 0.08 acre lot

Property Details

1 full
1900
Listing Description

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.

Monthly Cost Estimate

$267/mo

20% down · 6.5% · 30 years

Principal$36
Interest$217
Insurance$15

Estimates only. Actual payments may vary.

Location

2938 E Michigan Street

Indianapolis, IN 46201

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Questions & Answers

This 1-bedroom, 1-bathroom multi-family at 2938 E Michigan Street is listed at $50,000. The estimated monthly payment is $268 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.08 acre lot.

This property is listed by Ely Berger.

EB

Ely Berger

Agent at The Modglin Group

Listed by The Modglin Group · Broker phone: (317) 900-6015 · View on Broker Site · Broker website

MLS# 22095780· Source: Broker Listing Cooperative®· 201 days on PropertySimple

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2938 E Michigan Street, Indianapolis, IN 46201

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