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2854 N Illinois Street, Indianapolis, IN 46208

Burton & Campbells Park · Marion County

Key Facts

1Beds
5,671Sq Ft
1920Year Built
0.20Lot (acres)
2Garage

Description

Zoned for Up to 5 Units | Garage | Prime Redevelopment Opportunity - Endless Potential! Bring your vision and unlock the possibilities with this blank-slate opportunity. This property is ready for a complete transformation, allowing you to skip much of the demolition and clean-out work and focus on creating value. With zoning that allows up to 5 units , this property offers multiple investment strategies, including multifamily development, a duplex conversion, AirBnB, or a custom renovation project. Property features include: 3rd floor with staircase, detached 2-car garage, convenient location near Ivy Tech and the Children's Museum, surrounded by newly built and recently renovated homes, highlighting the area's continued growth and revitalization. Whether you're an investor, developer, experienced rehabber, or potential homeowner, this is an opportunity to create something special in a nice neighborhood. Property sold AS-IS, needs TLC. Home is currently under construction/rehab conditions so exercise caution and be safe when touring. Adjacent land is not included in the sale. This a completely gutted already existing structure. No primary bedroom exists as there is only framing, the sqft are possible measurements if built and info for bedroom and all other info for listing collected from tax data and info available on MIBOR. It is listed as a single family residence for technical reasons on MIBOR, it can be a home, zoned for a duplex , used as multi family and approved for 5+ units, etc.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Contemporary

Year Built

1920

Living Area

5,671 sq ft

Lot Size

0.20 acres

Garage Spaces

2

Days on Market

1

MLS® Listing#

22110626

Property Features

Exterior

Fire Pit

Appliances

None

Cooling

None

Heating

None

Fireplace

Living Room

Basement

Unfinished

Parking

Detached

Construction

Vinyl SidingWood Siding

Foundation

BlockOther

Water Source

Public

Financial Details

HOA

None

Parcel Number

490626190030000101

Directions

GPS Friendly

Affordability Calculator

$41,000

Estimated monthly payment

$1,091/mo

Principal $164,000 · Est. interest $228,795 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Indianapolis, IN

$277,883
Median Listing Price
54
Median Days on Market
1,632
Median Sq Ft
$159
Median Price / Sq Ft
3,270
Active Listings
  • This home’s price is 26% below the area median.
  • Its price per sq ft is 77% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Indianapolis, IN.

Location

Map showing the location of 2854 N Illinois Street, Indianapolis, IN 46208

Points of Interest in Indianapolis, IN

Showing the Indianapolis area map.

Nearby Schools

  • Believe Circle City High School

    Secondary · 0.3 mi away

  • Fall Creek Academy

    School · 0.3 mi away

  • Kid City USA - Meridian Park

    School · 0.3 mi away

  • St Richards School

    Secondary · 0.6 mi away

  • Phalen Leadership Academies

    School · 0.6 mi away

  • George W Carver Elementary School

    Elementary · 0.6 mi away

  • Holy Angels

    School · 0.7 mi away

  • Shortridge High School

    Secondary · 0.7 mi away

  • Capitol City Seventh-Day Adventist School

    Elementary · 0.8 mi away

  • The Oaks Academy

    School · 0.8 mi away

  • Building Blocks Academy

    School · 0.9 mi away

  • Louis B. Russell Junior School 48

    Elementary · 1.0 mi away

  • Head Start

    School · 1.0 mi away

  • Liberty Grove Schools

    Elementary · 1.1 mi away

  • Center for Inquiry III

    Elementary · 1.3 mi away

  • Herron High School

    Secondary · 1.3 mi away

  • James Whitcomb Riley School 43

    Elementary · 1.5 mi away

  • Riverside Elementary School

    Elementary · 1.6 mi away

  • Julian D Coleman Elementary School

    Elementary · 1.6 mi away

  • Kipp Indy Public Schools

    Secondary · 1.6 mi away

Commute Calculator

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Nearby Homes

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Moving Cost Estimate

EXIT Agents in Indianapolis

Listing Courtesy: Real Broker, LLC - suhailhkhan0@gmail.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-06-26

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by MIBOR. MLS® Listing#22110626. © 2026EXIT Realty®. All rights reserved.