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Updated Two-Unit Duplex
For Sale
$374,999

3960 N Illinois Street, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.14 Acres
Days on Market175

Property Features for 3960 N Illinois Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2
Subdivision Lattas North Illinois St
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 490614156021000801
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Lattas North Illinois Street Add Pt L9 & Pt L10 Beg Ne Cor L10 P.O.B. S71' W88' N71' E88' To Beg
Tax Annual Amount 8794
Legal Description Lattas North Illinois Street Add Pt L9 & Pt L10 Beg Ne Cor L10 P.O.B. S71' W88' N71' E88' To Beg

Building Details

Year built 1926
Number of units 2
Listing Agency: Highgarden Real Estate
Listed By: Alexandria Heygood · License #RB19001282
Added: Mar 19 Changed: Sep 3 Last Checked: Sep 9 at 6:06PM
MLS# 22089941

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1926, this duplex at 3960 N Illinois Street contains two three-bedroom, one-bath residences. Each unit features refreshed interiors, updated lighting, and bright open living areas, with a basement included in the property’s room configuration. Both residences are currently leased.

The property is located in Indianapolis’s Butler-Tarkington area near Tarkington Park and Butler University, with Downtown Indianapolis and Broad Ripple also nearby. The site encompasses 0.14 acres in the 46208 postal area.

Key Highlights

  • Two‑unit duplex with two 3‑bedroom, 1‑bath residences
  • Both units are currently leased
  • Refreshed interiors and updated lighting in each unit

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom Pharmacy Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

632
Businesses Nearby

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two leased residences offer refreshed interiors, open living areas, and updated lighting.
Where is this duplex located?
The property is located at 3960 N Illinois Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: Two‑unit duplex with two 3‑bedroom, 1‑bath residences; Both units are currently leased; Refreshed interiors and updated lighting in each unit
More about this property
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