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$975,000

2442 N Illinois Street, Indianapolis, IN, 46208

Active

51 photos · 5 shown · tap a photo to enlarge

Year built
1910
Status
Active
Days on market
10
Type
Multi Family
MLS #
MBR22119321

* 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!