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Turnkey Duplex with Two Leased Units

3960 N Illinois Street Indianapolis, IN 46208

3960 N Illinois Street, Indianapolis, IN, 46208
$399,999
For Sale
$399,999

MULTI_FAMILY - Indianapolis, IN

Lot Size0.14 Acres
Days on Market121

Property Features for 3960 N Illinois Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
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

Building Details

Year built
1926
Number of units
2
Listing Agency Highgarden Real Estate
Keystone Crossing Ste 170 8500, Indianapolis, IN
Listed by Alexandria Heygood · License #RB19001282
Added: Mar 19 Checked: Jul 17 at 7:06 pm
MLS# 22089941 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.


Investment Insights

Based on property information with market context.

This turnkey duplex includes two large units, each offering three bedrooms and one bathroom. Interiors have been refreshed, and the property features updated lighting along with bright, open living spaces. The layout is designed for straightforward everyday functionality within each unit.

The property is located in Butler-Tarkington, just steps from Tarkington Park and minutes from Butler University. It is also positioned near Downtown Indianapolis and Broad Ripple, providing convenient access to key local destinations.

For buyers seeking a residential income property, the duplex is notable for having both sides currently leased, which can support immediate occupancy. With two similarly sized 3-bedroom, 1-bath units, the building offers a practical configuration for investors and owner-operators looking to manage a compact, turn-key rental setup.

Key Highlights

  • 1926‑built duplex in Butler‑Tarkington
  • Two 3‑bedroom, 1‑bath units
  • Both units are currently leased for immediate cash flow

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Building Supply HVAC Service Kitchen & Bath Showroom Pharmacy Big Box & Wholesale Store Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex with refreshed interiors and updated lighting, offering two large 3-bedroom, 1-bath units that are currently leased.
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 $399,999.
What are key features of this property?
This property features: 1926‑built duplex in Butler‑Tarkington; Two 3‑bedroom, 1‑bath units; Both units are currently leased for immediate cash flow
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More about this property
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