2938 E Michigan Street Indianapolis, IN 46201

Building Details

Year built

1900

Listing Agency The Modglin Group r***@themodglingroup.com Show Phone

S Emerson Ave Ste 120 432, Greenwood, IN

Listed by Ely Berger · License #RB25001754 Show Phone

Added: Apr 15 Checked: Jul 17 at 2:06 pm

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MLS# 22095780 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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

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FAQs

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