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Pending
    • Price cut: $15K (6/6)
    $50,000

    2938 E Michigan St, Indianapolis, IN 46201

    1beds
    1baths
    --sqft
    : 
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    Multi Family, Duplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    87 days
    |
    433
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ely Berger 317-341-3325,

    The Modglin Group

    Source: MIBOR as distributed by MLS GRID,MLS#: 22095780MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      Features
      • Has basement: Yes

      Property

      Lot
      • Size: 3,441 Square Feet
      Details
      • Parcel number: 491005194077000101
      • Special conditions: As Is,Defects/See Remarks,Fixer Upper

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Duplex
      Condition
      • New construction: No
      • Year built: 1900

      Community & HOA

      Community
      • Subdivision: Ardella Add
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $91,100
      • Annual tax amount: $1,722
      • Date on market: 4/16/2026
      • Cumulative days on market: 85 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $926/mo

        Price history

        DateEventPrice
        6/29/2026Pending sale$50,000
        Source: MIBOR as distributed by MLS GRID #22095780 Report a problem
        6/6/2026Price change$50,000-23.1%
        Source: MIBOR as distributed by MLS GRID #22095780 Report a problem
        5/15/2026Price change$65,000-13.3%
        Source: MIBOR as distributed by MLS GRID #22095780 Report a problem
        4/16/2026Listed for sale$75,000+66.7%
        Source: MIBOR as distributed by MLS GRID #22095780 Report a problem
        6/1/2020Listing removed$550
        Source: Invictus Property Management Report a problem
        4/6/2020Listed for rent$550+37.5%
        Source: Invictus Property Management Report a problem
        6/12/2018Sold$45,000
        Source: Public Record Report a problem
        1/25/2016Listing removed$400
        Source: TBH Management Report a problem
        1/7/2016Listed for rent$400
        Source: TBH Management Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,723 +15.8%$91,100 +25.5%
        2024$1,487 +4.3%$72,600 +15.8%
        2023$1,426 $62,700 +3.8%
        2022-- $60,400 -38.5%
        2021$1,839 +6.1%$98,200 +23.7%
        2020$1,733 +144.1%$79,400 +8.2%
        2019$710 -9.3%$73,400 +146.3%
        2018$783 +39.2%$29,800 +2.1%
        2017$562 +22.7%$29,200 +29.2%
        2016$458 +13.9%$22,600 +21.5%
        2014$402 -13.5%$18,600
        2013$465 $18,600 -9.3%
        2012$465 $20,500 +6.2%
        2011-- $19,300
        2010$406 -2.3%$19,300
        2009$416 $19,300 +1%
        2007-- $19,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Near Eastside

        Getting around

        56 / 100
        Somewhat Walkable
        42 / 100
        Some Transit
        67 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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