As-Is Duplex With Fire
2938 E Michigan Street Indianapolis, IN 46201
For Sale
$50,000
Pending
MULTI_FAMILY - Indianapolis, IN
Lot Size0.08 Acres
Days on Market106
Property Features for 2938 E Michigan Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Standard status
Pending
APN
491005194077000101
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
2938 E Michigan St Condominiums Unit A
Building Details
Year built
1900
Listing Agency:
The Modglin Group
(317) 865-9400
Listed By:
Ely Berger · License #RB25001754
(317) 900-6015
Added: Apr 15
Changed: Jun 29
Last Checked: Jul 29 at 7:06PM
MLS# 22095780
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Investment Insights
Based on property information with market context.
This duplex is being sold as-is and appears to have fire damage mainly on the right side, creating a blank slate for a full renovation. The property is well suited for an experienced rehab team looking to bring it back to a rentable condition and potentially rework interior layouts, finishes, and unit configuration during a gut-style restoration.
The property is located at 2938 E Michigan Street in Indianapolis, Indiana (Marion County). The listing notes the home’s proximity to downtown Indianapolis, which may appeal to investors targeting residential rental demand within the metro area.
For buyers prepared to do substantial work, this duplex offers a straightforward path to value creation through renovation rather than through cosmetic updates. It may be a good fit for contractor-led rehabs seeking a fast decision process, with the seller indicating cash or hard money is preferred and that a quick close may be available. Prospective buyers should plan to bring their contractor and perform their own due diligence given the as-is condition and fire-damage history.
The property is located at 2938 E Michigan Street in Indianapolis, Indiana (Marion County). The listing notes the home’s proximity to downtown Indianapolis, which may appeal to investors targeting residential rental demand within the metro area.
For buyers prepared to do substantial work, this duplex offers a straightforward path to value creation through renovation rather than through cosmetic updates. It may be a good fit for contractor-led rehabs seeking a fast decision process, with the seller indicating cash or hard money is preferred and that a quick close may be available. Prospective buyers should plan to bring their contractor and perform their own due diligence given the as-is condition and fire-damage history.
Key Highlights
- Duplex at 2938 E Michigan St, Indianapolis, built in 1900
- Sustained fire damage mainly on the right side and sold as‑is
- Includes a basement
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offered as-is following fire damage mainly on the right side, suitable for a full renovation.
Where is this duplex located?
The property is located at 2938 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Duplex at 2938 E Michigan St, Indianapolis, built in 1900; Sustained fire damage mainly on the right side and sold as‑is; Includes a basement
