Fire-Damaged
For Sale
$50,000
Pending
2938 E Michigan Street, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.08 Acres
Days on Market140
Property Features for 2938 E Michigan Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Subdivision
Ardella Add
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
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
Legal 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: Aug 28
Last Checked: Sep 1 at 12:06PM
MLS# 22095780
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 1900, this duplex is offered in its current as-is condition following fire damage concentrated primarily on the right side of the structure. The property requires a comprehensive renovation and includes basement space, providing an additional existing component for the redevelopment plan.
The parcel encompasses 0.079 acres at 2938 E Michigan Street in Indianapolis, within ZIP Code 46201. Its duplex configuration and existing improvements provide a defined starting point for a full rehabilitation project.
The parcel encompasses 0.079 acres at 2938 E Michigan Street in Indianapolis, within ZIP Code 46201. Its duplex configuration and existing improvements provide a defined starting point for a full rehabilitation project.
Key Highlights
- Duplex at 2938 E Michigan Street in Indianapolis, IN 46201
- Fire damage is concentrated primarily on the right side
- Property is being sold in as‑is condition
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - As-is duplex requiring comprehensive renovation, with basement space and a 0.079-acre lot.
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 Street in Indianapolis, IN 46201; Fire damage is concentrated primarily on the right side; Property is being sold in as‑is condition
