2,880 sqft

$975,000

2442 N Illinois Street, Indianapolis IN, 46208

Price per sqft$338.54

Built in1910

Property size2,880 sqft

Property typeCommercial

Courtesy of @properties, Kristin Glassburn Listing Contact:

Overview

Active

Listed Aug 25, 2026

Updated 4 weeks ago

* 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!

Additional information

MLS^® ID: 22119321

Interior Features

Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.12 Acres

Other Property Details

View: Yes

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