An excellent turn key opportunity in Butler-Tarkington, just steps from Tarkington Park and minutes from Butler University.This duplex features two large 3 bedroom, 1 bath units with refreshed interiors, updated lighting, and bright, open living spaces. The layout in each unit offers strong functionality and consistent rental demand in this prime location. Situated near Downtown Indianapolis and Broad Ripple, the property benefits from one of the city's most desirable and convenient corridors. Both sides are currently leased, providing immediate cash flow. This is great addition to any investment portfolio in a proven rental market.
Active
Price cut: $25K (7/20)
$374,999
3960 N Illinois St, Indianapolis, IN 46208
6beds
2baths
--sqft
Multi Family, Duplex
Built in 1926
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Refreshed interiorsBright open living spacesUpdated lighting
- 125 days |
- 431 |
- 42 |
Zillow last checked:
Listing updated:
Listed by:
Alexandria Heygood 317-964-3643,
Highgarden Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22089941
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Features
- Has basement: Yes
Property
Parking
- Parking features: Concrete
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 490614156021000801
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1926
Community & HOA
Community
- Subdivision: Lattas North Illinois St
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $362,500
- Annual tax amount: $8,794
- Date on market: 3/19/2026
- Cumulative days on market: 127 days
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Price change | $374,999-6.3% |
Source:  MIBOR as distributed by MLS GRID #22089941 Report a problem | ||
| 3/19/2026 | Listed for sale | $399,999+2.6% |
Source: MIBOR as distributed by MLS GRID #22089941 Report a problem | ||
| 6/26/2025 | Sold | $390,000-5.3% |
Source: MIBOR as distributed by MLS GRID #22024307 Report a problem | ||
| 4/12/2025 | Pending sale | $412,000 |
Source: MIBOR as distributed by MLS GRID #22024307 Report a problem | ||
| 3/31/2025 | Price change | $412,000-1.4% |
Source: MIBOR as distributed by MLS GRID #22024307 Report a problem | ||
| 2/27/2025 | Listed for sale | $418,000+0.7% |
Source: MIBOR as distributed by MLS GRID #22024307 Report a problem | ||
| 10/6/2024 | Listing removed | $415,000-0.7% |
Source: MIBOR as distributed by MLS GRID #21997428 Report a problem | ||
| 10/4/2024 | Price change | $418,000-1.1% |
Source: MIBOR as distributed by MLS GRID #21997428 Report a problem | ||
| 9/17/2024 | Price change | $422,500-0.6% |
Source: MIBOR as distributed by MLS GRID #21997428 Report a problem | ||
| 9/13/2024 | Listing removed | $1,575-1.6% |
Source: Zillow Rentals Report a problem | ||
| 8/22/2024 | Listed for sale | $425,000+18.9% |
Source: MIBOR as distributed by MLS GRID #21997428 Report a problem | ||
| 7/27/2024 | Price change | $1,600-1.5% |
Source: Zillow Rentals Report a problem | ||
| 7/10/2024 | Price change | $1,625-1.5% |
Source: Zillow Rentals Report a problem | ||
| 6/8/2024 | Listed for rent | $1,650+10% |
Source: Zillow Rentals Report a problem | ||
| 4/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/24/2023 | Price change | $1,500-1.6% |
Source: Zillow Rentals Report a problem | ||
| 3/23/2023 | Listed for rent | $1,525 |
Source: Zillow Rentals Report a problem | ||
| 2/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/3/2023 | Price change | $1,525-1.6% |
Source: Zillow Rentals Report a problem | ||
| 1/5/2023 | Sold | $357,500+97.5% |
Source: Public Record Report a problem | ||
| 1/4/2023 | Listed for rent | $1,550 |
Source: Zillow Rentals Report a problem | ||
| 10/14/2022 | Sold | $181,000+805% |
Source: Public Record Report a problem | ||
| 4/26/2010 | Sold | $20,001 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,794 +24% | $362,500 -2.2% |
| 2024 | $7,095 +180.8% | $370,600 +23.9% |
| 2023 | $2,526 +11.6% | $299,100 +179.5% |
| 2022 | $2,263 -0.4% | $107,000 +9.1% |
| 2021 | $2,272 -0.2% | $98,100 |
| 2020 | $2,276 +145% | $98,100 +1.8% |
| 2019 | $929 -42.3% | $96,400 +147.2% |
| 2018 | $1,611 +105% | $39,000 +1.8% |
| 2017 | $786 +11.1% | $38,300 +14.3% |
| 2016 | $707 +7.2% | $33,500 +9.8% |
| 2014 | $659 -51.9% | $30,500 |
| 2013 | $1,371 | $30,500 -50.1% |
| 2012 | $1,371 | $61,100 -14.5% |
| 2011 | -- | $71,500 -44.6% |
| 2010 | $2,682 -5% | $129,000 -2.6% |
| 2009 | $2,824 | $132,500 -6.7% |
| 2007 | -- | $142,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Butler-Tarkington
Nearby schools
GreatSchools rating
- 3/10James Whitcomb Riley School 43Grades: PK-5Distance: 0.1 mi
- NAJoyce Kilmer School 69Grades: 6Distance: 2.1 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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