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Refreshed Two-Unit Duplex
New
For Sale
$374,999

3960 N Illinois St, Indianapolis, IN 46208

Two leased three-bedroom units offer refreshed interiors, updated lighting, and open living areas.

Property Size6,248 SF
Price / SF$60.02
Days on Market7

Property Features for 3960 N Illinois St

General Information

Standard status Active
Size 6,248 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Building Details

Year Built 1926
Listing Agency: Keller Williams Indy Metro Ne
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Sep 2 Changed: Sep 6 Last Checked: Sep 6 at 7:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indy Metro Ne

Investment Insights

Based on property information with market context.

This 6,248-square-foot duplex, built in 1926, contains two three-bedroom, one-bath units. Each residence has refreshed interior finishes, updated lighting, and open living areas arranged for everyday functionality. Both units are currently leased, providing an established occupancy profile for the property.

Located at 3960 N Illinois St in Indianapolis, the duplex is in Butler-Tarkington near Tarkington Park and Butler University. Downtown Indianapolis and Broad Ripple are also nearby, placing the property within an established residential corridor with access to several major area destinations.

Key Highlights

  • Two‑unit duplex with 6,248 SF of property size
  • Two 3‑bedroom, 1‑bath units
  • Both units currently leased

Property Analytics

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

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 three-bedroom units offer refreshed interiors, updated lighting, and open living areas.
Where is this duplex located?
The property is located at 3960 N Illinois St 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 6,248 SF of property size; Two 3‑bedroom, 1‑bath units; Both units currently leased
More about this property
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