1221 Lee Street

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Address: 1221 W Lee St, Indianapolis, IN 46221, USA
Chicago & Midwest + 2-4 Units
Created date: September 12, 2026
Date last updated: September 15, 2026
Price: $170,000Investment Analyzer NEW!

Property Description

This 2-bedroom, 2-bath duplex offers an excellent opportunity for an investor looking to add to their portfolio. The property also includes an additional vacant lot, creating exciting potential for future development. The additional lot could be an ideal location for a second duplex, subject to zoning, setbacks, utilities, permits, and buyer due diligence. Whether you're looking for an income-producing property, a value-add investment, or an opportunity to expand your rental portfolio, this property offers plenty of possibilities. Live in one unit, rent the other, or maximize the potential of both parcels. Opportunities like this don't come along often an existing duplex plus additional land for potential future development!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $170,000
No. of Units: 2
Year Built: 1938
Opportunity Zone: No
Price per unit: $85,000
Property Website Click Here
Number of Bedrooms: 1
Number of Bathrooms: 1
Address: 1221 Lee Street, Indianapolis, IN 46221, USA
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